CBO Analysis: The President’s FY 2015 Budget
The Congressional Budget Office (CBO) estimates that the President’s budget would increase the 2015 deficit to $509 billion, up 3.5 percent from the $492 billion deficit CBO estimates for 2014. Over 10 years, CBO projects that the President’s policies would result in deficits of $6.6 trillion and total federal debt of $26.1 trillion. The President’s […]
Economic Growth In 2013 Just Half Of What The President Said His Policies Would Deliver
In 2009, President Obama predicted his policies would produce 4.2 percent growth in 2013—more than double the actual, anemic growth rate of 1.9 percent. Since making that projection, President Obama has had much of his economic agenda implemented: the $870 billion stimulus bill, Dodd-Frank financial regulations, Obamacare, restrictions on American energy, $1.7 trillion in higher […]
CBO: Interests Costs To Dwarf Virtually Every Federal Expense
The U.S. gross federal debt currently stands at $17.548 trillion, and net interest payments to our creditors are the fastest-growing item in the budget.
SBC Summary And Analysis Of President Obama’s FY 2015 Budget
Spending in 2015 would total $3.901 trillion under the President’s spending policies, an increase of nearly 8 percent ($279 billion) above today’s levels. This is $114 billion more than the OMB baseline, which assumes compliance with the Budget Control Act (BCA) as revised by the Ryan-Murray spending agreement. The President’s budget recommends $1.759 trillion in […]
The President’s FY 2015 Budget: Growing The Government And Shrinking The Middle Class
Spending Surges, Debt Explodes, Interest Skyrockets, and Taxes Hiked (Again) To Pay for New Spending
State-By-State Analysis Of Minimum Wage Increase
Republican staff of the Senate Budget Committee worked with staff of the Employment Policies Institute to prepare an information sheet for each state on how the proposed increase in the minimum wage would affect employment and who would be affected. The Minimum Wage Fairness Act (S. 1737) calls for an increase in the Federal minimum […]
The Economic Effects Of Mass Immigration On U.S. Workers
“The great public policy question of whether the United States should continue admitting about 1 million immigrants a year under current law, or triple that number as proposed in the recently passed Senate bill, has now come to the House. This question is momentous not only because our immigration system needs reforming, but primarily because proposals to do so include massive increases in migrant flows in addition to the legalization of millions currently residing in the U.S. illegally.”
History Of Obama Administration’s Missed Budget Deadlines
The Office of Management and Budget recently announced that President Obama’s FY 2015 budget would be delivered to Congress on March 4, just over one month past the statutory deadline (which requires the President’s budget to be submitted by the first Monday in February). This will be the 18th occasion that the Administration has missed […]
Analysis Of H.R. 3547, The FY 2014 Consolidated Appropriations Act
To view the Budget Committee’s detailed analysis of the omnibus as a 14-page PDF, including tables comparing the bill’s spending with the continuing resolution and 2008 enacted levels, please click here.
Budget Points Of Order Against Reed Amendment #2631 To S. 1845
Senate Budget Committee Republican staff, in consultation with the Committee’s Democratic staff, have identified at least four budget points of order that lie against Sen. Jack Reed’s amendment #2631 to S. 1845 (the Emergency Unemployment Compensation Extension Act) for violating the FY 2014 deemed spending levels in the Ryan-Murray package. The points of order, which […]