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Articles Written by: BRIAN M. RIEDL
As federal spending and budget deficits soar to percentages of the economy unseen since World War II, lawmakers must make spending restraint a top priority. This requires the political will to make difficult choices, as well as a budget framework that ...
Abstract: Both the House health care reform bill (H.R. 3200) and the bill authored by Senator Baucus would increase government spending by hundreds of billions of dollars over the next decade, even after assuming massive "savings" from cutting waste ...
Abstract: President Obama's budget will likely produce $13 trillion in deficit spending over the next 10 years--nearly $4 trillion more than forecast. The White House figures are based on unrealistic estimates of discretionary spending, interest ...
The Office of Management and Budget has released its annual mid-session review that updates the budget projections from this past May.[1] They show that this year, Washington will spend $30,958 per household, tax $17,576 per household, and borrow $13,39 ...
Satirist P.J. O'Rourke once noted, "If you think health care is expensive now, wait until you see what it costs when it's free."
President Obama's health care reform is on life-support because it is premised on this very contradiction: It is not ...
You get itemized bills from your doctor, your car mechanic and your cell-phone provider. Why not from the federal government?
Washington will spend $33,880 per household in 2009 - the highest level in American history (adjusted for inflation), and ...
The 2009 version of "Federal Spending by the Numbers" shows spending and deficits surging at a pace not seen since World War II. Washington will spend $33,932 per household in 2009--$8,000 per household more than last year. While much of this spending ...
Congress is reportedly considering raising taxes by at least $540 billion over 10 years to fund President Obama's health care initiative through a "surtax" on top of the highest individual tax rates.
This should finally put to rest President Obama's ...
From BRIAN M. RIEDL AND CURTIS S. DUBAY,
The Heritage Foundation,
15 Jul 2009
President Obama is establishing a reputation for misrepresenting his own policies. He promoted his "stimulus" bill as an immediate, anti-recessionary cash infusion, even though most spending won't occur until after the recession ends. He titled his ...
Millions of homeowners hoping to take advantage of government-guaranteed mortgage refinancing have gotten a rude awakening. In the last two months, mortgage rates have jumped from 4.8 percent to 5.8 percent, wiping out billions of dollars in potential ...
