By The Numbers: Three Full Years Since Senate Democrats Last Adopted A Budget
“This Sunday, April 29, we will have gone 3 full years since the last time the Senate Democrats have brought a budget to the floor of the Senate… They are unable to unite behind a financial vision for this country that they are willing to go to the American people and advocate for and publicly defend.”
Action Alert: Decisive Procedural Vote—Postal Bill Violates Debt Deal
The bill violates the debt limit deal by exceeding the total outlay ceiling in fiscal year 2012 by $11 billion and by increasing the deficit above baseline levels in fiscal years 2012–22 by $34 billion.
Why Senate Democrats Cancelled The Budget Mark-Up
“The fact is what we don’t have is a longer term plan. What we need, I believe, is at least a 10-year plan. That’s why I’m going to mark up the first week that we’re back in session.” – Budget Committee Chairman Kent Conrad, interview on “Fox News Sunday,” April 8, 2012 After not adopting […]
Chairman Conrad’s Budget Proposal: More Taxes Than President’s Budget, No Spending Cuts, No Structural Reform
Relative to the Fiscal Commission plan rejected by the House on a 38–382 vote, Chairman Conrad’s proposal spends $700 billion more and increases taxes by an additional $900 billion.
President’s Health ‘Reform’ Grows Unfunded Obligations By $17 Trillion
Before President Obama’s health care law was enacted, unfunded obligations for federal health programs totaled $65 trillion over a 75-year period. The most recent Senate Budget Committee staff estimates show that after the law’s passage, that figure has grown by $17 trillion, to $82 trillion. Why we should be concerned that the law is adding […]
SBC Analysis: The Fiscal Impact Of The President’s Health Spending Law
Health Law Spends $2.6 Trillion—Not $900 Billion—Over Honest Ten-Year Window
CBO Analysis Reveals President’s Budget Leaves Dangerous Debt Path Unchanged
“Although the president’s plan contains a $1.8 trillion tax hike, the vast share of that sum is used to pay for a sharp increase in new government above current growth levels. CBO also projects, in 2013, a record fifth straight deficit of a trillion dollars.”
GAO Finds More Than $400 Billion Spent Each Year On 1,500 Duplicative, Fragmented, Inefficient Programs
The Government Accountability Office (GAO) issued its annual report on government duplication today. This is the second year of a three-year process, during which the GAO will comprehensively review the federal government to identify duplication, fragmentation, and waste. Since the review’s inception, GAO has found 66 areas of duplication encompassing over 1,500 individual programs. This […]
The Obama 2013 Budget: A Summary And Analysis
The president’s 2013 budget claims it will result in declining deficits from $1.3 trillion in 2012 (8.5 percent of GDP) to $0.9 trillion in 2013 (5.5 percent of GDP) to no less than $0.6 trillion in any subsequent year. The budget fails the pledge the president made on February 23, 2009 at his Fiscal Responsibility […]
Honest Accounting Reveals President’s Budget Makes No Alteration To Disastrous Debt Course
A comparison of the president’s math and honest math is shown below. An honest accounting shows that the president only reduces the deficit by $273 billion over ten years and, by his own estimates, increases the gross debt by approximately $11 trillion, on top of nearly $5 trillion that’s already accumulated during his first three years in office.