Action Alert: Controversial Budget Nominee Headed For Vote Today
STUNNINGLY INEXPERIENCED NOMINEE UP FOR KEYBUDGET POST; DEMONSTRATED TROUBLING LACK OF CANDOR AND KNOWLEDGE IN TESTIMONY A critical position at a critical agency at a critical time: This afternoon, the Senate Budget Committee is scheduled to vote on the controversial nomination of Heather Higginbottom to be President Obama’s deputy budget director at the Office of […]
Borrowing The Future: A Summary Of President Obama’s FY12 Education Budget Request
The president tells the American people that his FY 2012 budget “asks Washington to live within its means,” but his request for the Department of Education shows how far this rhetoric is from reality. After spending nearly $300 billion on education over the last three years, the president is requesting $77.4 billion for the department, […]
The President’s Budget Spends, Taxes, And Borrows Too Much – Stifling Job Growth Today And Threatening Our Economic Future
In challenging times, a chief executive must lead. But President Obama has failed to confront the fiscal and economic challenges before us. Instead, he continues down the same unsustainable path: growing the government, weakening the economy, and increasing the burden of debt on each and every American. Spends Too Much: $8.7 Trillion In New Spending […]
Under President Obama’s Spending “Freeze,” The Debt Will Grow $4 Trillion In 5 Years
The president’s “freeze” would continue dramatically increased spending levels at a time when we have a $1.5 trillion deficit, producing an estimated $3.8 trillion in accumulated deficits over the next 5 years.[1] It maintains inflated levels of non-defense discretionary spending while allowing for ongoing increases in the rest of the budget. The “freeze” pushes us […]
Democrats Take Heat For Skipping Budget As Spending And Debt Spiral Out Of Control
“…Democrats still run the Senate… When it comes to their core responsibility under the law of passing a budget resolution, they are A.W.O.L.” Wall Street Journal (Cool Hand Harry) “While Mr. Obama has tried to set parameters for budget negotiations, his party has yet to settle on a plan for Medicare or the broader budget […]
The Deficit Of Leadership: President’s Disappointing Speech Only Raises More Questions
Deficit ReductionThe president claimed deficit reduction of $1.2 trillion dollars over 10 years in his last budget. CBO said it would increase deficits by $2.7 trillion. Is the president’s new claim based on the same discredited assumptions in his last budget? Non-Security SpendingThe president says he will now freeze non-security discretionary spending in 2012 at […]
The Spending Binge Continues: GAO Exposes Billions In Waste, Duplication
Today, GAO identified massive duplication, fragmentation, and other inefficiencies that cost taxpayers billions of dollars every year in waste and degraded service—all while President Obama’s budget surges federal spending across the board and adds $13 trillion to the debt. The Government Accountability Office (GAO) issued its first annual report on government duplication today. The report […]
CBO Confirms: Obama’s Budget Assumptions Were Detached From Reality
The budget that the Obama Administration presented to Congress on February 14th pushes our nation further down an unsustainable path: growing the government, weakening the economy, and increasing the burden of debt on each and every American. Now, the Congressional Budget Office has confirmed that the president’s budget conceals an additional $2.3 trillion in deficits. […]
Swift Action Needed On Spending Reduction As Experts Warn Of Rising Debt
“Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the U.S. projected record budget deficits.” – Bloomberg, “Pimco’s Gross Eliminates Government Debt From Total Return Fund,” March 10, 2011 “We believe that if we do not take decisive action our […]
The $4 Trillion Gimmick: President’s ‘Framework’ To Reduce The Deficit By $4 Trillion Would Grow It $2.2 Trillion Beyond CBO Baseline
The American people deserve an honest, fact-based budget. Instead the president’s deficit speech was the biggest gimmick yet. An analysis of the president’s April 13 speech from the Republican staff of the Senate Budget Committee exposes the president’s claim that he has a revised budget framework which will result in $4 trillion dollars in deficit […]