Is Trump Serious about Cutting the Deficit and the National Debt?
Even before President Trump was sworn in, Washington was abuzz with leaks about his coming budget. According to some reports, he would propose as much as $10.5 trillion in cuts over the next ten years. Among the cuts would be programs …
The Election Excitement May Be Over, but the Federal-Debt Crisis Isn’t
One thing did not change on Tuesday, November 8 — our unsustainable and exploding national debt of nearly $20 trillion. While America was focused on an unconventional presidential-election season, the federal debt increased $587 billion in fiscal year 2016 alone. Last year, our federal government …
Small Spending Restraints Would Go a Long Way Toward Solving Our Debt Problem
Yesterday, the Congressional Budget Office released its new ten-year forecast of how much debt Uncle Sam will accumulate based on its projected spending and revenue estimates. Not surprisingly, CBO reports that under the current system budget deficits will grow rapidly …
More of the Same in North Carolina
The North Carolina General Assembly has successfully passed a state budget which includes a $168 million increase to the University of North Carolina system’s budget. The now $2.8 billion budget includes unnecessary increases to nearly all campuses in the name of “…
House Conservatives Warm to Compromise on Budget Impasse
‘It would be a shame, but the sky won’t fall if we don’t do a budget.”
Those were Speaker Paul Ryan’s words as he kicked off Friday morning’s closed-door meeting of the Republican conference, according to …
GOP Senator: U.S. Debt Could Be Paid Off — in 460 Years
Defense Department officials offered $283,500 to researchers who could monitor the nests of the California gnatcatcher, a tiny bird that the federal government has deemed “threatened” since 1993.
That’s one example of questionable spending recorded in “Federal Fumbles,” a chronicle of …
Senate Democrats Look to Consolidate Wins from Budget Deal
Senate Democrats have issued the opening salvo in an effort to consolidate the victories they achieved in last week’s budget and debt-limit deal, accusing new House speaker Paul Ryan of flirting with the idea of a government shutdown in December.
Paul Ryan Starts Off on Wrong Foot with Budget Deal
Grass-roots conservatives have many unrealistic expectations and political objectives. And then sometimes they have a good point.
The new budget deal arranged by John Boehner and the Democrats — approving $50 billion of additional spending in 2016 and $30 billion in 2017 — will …
No Way, No How, on Budget Deal/Capitulation
This budget deal is an abomination. It must be defeated.
I write that as somebody who once served on the House Appropriations Committee staff. And as somebody who still contends that John Boehner’s “Plan B” for the expiring Bush tax …
John Boehner said last month that he wanted to “clean the barn” for his successor as Speaker of the House. But his eleventh-hour budget deal is a pigsty-worthy mess.
The speaker’s office is advertising the deal, struck Monday with …
Are the Trump Team’s Budget Plans Headed for Trouble?
The Hill reports that the Trump Team is preparing a budget that sounds like it could please those of us who have been complaining about the growth in the size and scope of the federal government over the …
The Transparency Revolution Is Just Starting
During the ten years I was privileged to serve Oklahoma in the United States Senate, the one question I heard most often from voters was: “What can I as a private citizen do to fix Washington?”
Patriotic Americans in both …
CBO Long-Term Budget Outlook: Debt-to-GDP Ratio of 141 Percent in 2046
The following charts are from the CBO’s Long Term Budget Outlook:
Deficits, CBO notes, are growing because spending is growing faster than revenue, “in particular, spending grows for Social Security, the major health care programs (primarily Medicare), and interest on …
The Republican Study Committee’s New Executive Director Gets to Work on the Budget Impasse
The Republican Study Committee has tapped Scott Parkinson as its new executive director. Parkinson’s predecessor, Will Dunham, recently left the post to lead Majority Leader Kevin McCarthy’s policy shop.
Parkinson comes to the RSC from the other side …
President Obama’s Budgetary Deceptions
President Obama released the final budget plan of his presidency today, and we can all be grateful that it’s his last. It is a plan that will be, and should be, ignored in Congress because of its deceptions and …
Good News for Growth: Kevin Brady Is the New Tax Man
The crusade for tax reform, free trade, a sound dollar, and Obamacare repeal got a big lift on Wednesday when House GOP leaders chose Kevin Brady of Texas to replace newly elected Speaker Paul Ryan as chair of the powerful …
The Bipartisan Budget Deal Demonstrates What’s Wrong with Washington
Each night in America, many parents are having serious discussions after their kids go to bed — and the subjects are usually the same. How will we pay the mortgage? How can we save for our kids’ educations or our …
House Conservatives Give Ryan a Pass on Budget Deal
Paul Ryan’s decision to vote for the controversial budget deal John Boehner negotiated with the White House isn’t expected to complicate his ascension to the speaker’s chair.
Members of the House Freedom Caucus (HFC), despite making plain …
Ryan Rips Boehner behind Closed Doors
Outgoing House Speaker John Boehner’s last-minute debt-limit deal is a textbook example of what Paul Ryan has promised not to do as leader of the Republican conference.
“I think the process stinks,” the incoming speaker told reporters Tuesday. ”We …
Jeff Sessions: Kill Boehner/Obama Budget Deal
Senate conservatives want to kill the just-announced budget and debt-limit deal that outgoing House speaker John Boehner negotiated with the White House.
Senator Jeff Sessions (R., Ala.) called for a short-term agreement that would buy time beyond the November 3 debt-limit …