President’s Budget Claims Shredded By Journalists, Analysts, And Experts
“Obama claims more than $4 trillion in deficit savings over the coming decade. But it you peel away accounting tricks and debatable claims on spending cuts, it’s more like $1.1 trillion. Republicans say it’s even less because of creative bookkeeping used to mask spending on Medicare reimbursements to doctors.” Associated Press, “Candidates’ deficit plans don’t […]
President’s Core Budget Claim False
President Obama has staked his entire fiscal reputation on the claim that he has “a balanced plan to reduce our deficit by $4 trillion.” As demonstrated recently, that $4 trillion claim, and the assertion that his plan would “pay down our debt,” is scandalously false. But the heart of the “balanced” argument is that the […]
Medicare Funding Crisis Nears, But President Bucks Law Mandating Rescue
The law requires action by the President when Medicare’s finances are determined to be on an unsustainable course. In any year when the program’s Trustees issue a Medicare funding warning—defined as when more than 45 percent of Medicare outlays are expected to be paid for out of the Treasury’s general fund, which suggests impending insolvency—the […]
The $4 Trillion Deceit
The President and his surrogates have continued to insist that his budget, voted down unanimously in the Senate and House this year after failing to garner a single Senate vote last year, contains $4 trillion in deficit reduction… These claims are provably and outrageously false.
As President Campaigns On ‘Paying Down The Debt,’ White House Buries Mid-Year Budget Plan
“The White House predicts this year’s federal budget deficit will end up at $1.2 trillion, marking the fourth consecutive year of trillion dollar-plus deficits during President Barack Obama’s administration… The White House report [was] released Friday afternoon with the Olympics poised to distract voters for two weeks…” Associated Press, “Administration projects $1.2T 2012 budget deficit,” […]
Budget Update Confirms: President’s Plan Makes No Alteration To Our Disastrous Debt Course
President Obama today released an update to his fiscal year 2013 budget. Federal law requires the President to update his February budget submission by July 16 each year to account for revised estimates that may be necessary because of changes in the economy and actual spending patterns observed over the intervening months. The update provides […]
How Debt Destroys Jobs—And Why We Need A Budget
1,164 days have elapsed since Senate Democrats last offered a budget plan for the nation. Since that time, we’ve spent $11 trillion and added $4.7 trillion to the debt. The unemployment rate has now been above 8 percent for 41 consecutive months. Higher debt leads to slower economic growth. Empirical studies show that high levels […]
SBC Analysis Of President Obama’s Health Law
“The task now before the country is to fully repeal this onerous and unworkable law. If it is not repealed, it will cause Americans’ personal health costs—and our nation’s debt—to rise disastrously. It will massively expand the power and reach of the federal bureaucracy and its intrusion into our lives and livelihoods. This bill is […]
Food Stamp Reforms Will Help Both The Recipient And The Treasury
Modest reforms to the food stamp program will not only reduce fraud and waste—producing substantial savings for the taxpayer—but will help more Americans achieve the shared goal of financial independence.
Timeline Of Senate Democrats’ Refusal To Make Budget Plans Public
April 29, 2009 – The last time the Democrat-led Senate adopted a budget resolution. Also the last time the Majority brought a budget plan to the floor. April 22, 2010 – The Budget Committee completes action on a mark-up and reports a budget out of committee, but the Democrat majority chooses to keep its own plan […]