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Articles Written by: BRIAN RIEDL
To get a handle on how out of control federal spending has become, consider this: It surged to $30,000 per household in 2009. That's up from $21,000 (adjusted for inflation) in the 1980s and '90s. Yet rather than cut back, Congress plans to spend even ...
Washington spends $92 billion annually on corporate welfare (not even counting recent corporate bailouts) versus $71 billion on homeland security.
The federal government made at least $72 billion in payment errors in 2008.
Washington spends $25 ...
From BRIAN RIEDL,
TwinCities.com,
7 Nov 2009
As federal spending soars past $30,000 per household, America finds itself at a fork in the road. Realistic budget estimates show unsustainable trillion-dollar budget deficits as far as the eye can see. Unless lawmakers restrain spending, closing these ...
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 ...
Rep. Ed Whitfield (R-KY) has proposed a novel way to strengthen the House Pay-As-You-Go (PAYGO) rule.
PAYGO – which requires that all legislation expanding entitlements or cutting taxes be fully offset – has been exposed an ineffective gimmick. PAYGO ...
Soaring government spending and trillion-dollar budget deficits have brought fiscal responsibility--and reducing government waste--back onto the national agenda. President Obama recently identified 0.004 of 1 percent of the federal budget as wasteful ...
President Obama's budget office recently caused a stir when it projected that his tax-and-spend agenda would leave more than $9 trillion in new budget deficits over the next decade - doubling the national debt. Now, it appears even that figure was too ...
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 ...
During tonight’s address to Congress, President Obama is expected to repeat his contention that health care reform should reduce federal health care costs and not expand the budget deficit. The House health bill (as amended by the Energy and Commerce ...
