Runaway spending and deficits continue to grow unabated in part because any attempts to rein them in are relentlessly demagogued by defenders of big government. The latest example is the budget recently authored by House Budget Committee chairman Paul Ryan (R–WI) and passed by the House of Representatives. …
Abstract: In his 2012 budget proposal, President Obama uses lofty rhetoric about fiscal realities and hard choices—and proceeds to give the green light to yet more spending, yet higher taxes, and skyrocketing debt. His budget fails to reform…
House Republicans are now pledging to reduce fiscal year 2011 discretionary spending to $100 billion below President Obama’s original request. As reported, this new budget proposal would: Unwisely reduce security spending by…
The new Congressional Budget Office (CBO) 10-year budget baseline shows a virtually unprecedented sea of red ink. The report reveals an unprecedented $1.5 trillion deficit in fiscal year (FY) 2011—an increase of $95 billion over their last 2011 estimate.[1] This will be the third consecutive year of trillion-dollar…
The National Commission on Fiscal Responsibility and Reform deserves credit for taking on the large structural deficits that risk eventual economic calamity.[1] Over the next decade, runaway spending is set to double the national debt, which would risk higher interest rates, slower growth, and steeply higher tax rates.…
Abstract : Federal spending is on an unsustainable path that risks disaster for America. Runaway spending has increased annual…
The Congressional Budget Office (CBO) has updated its 10-year budget baseline, and America’s fiscal outlook continues to worsen. The CBO projects $6.2 trillion in additional deficits over the next decade. This darkening budget forecast would have been even worse, were it not for the unrealistic assumptions that Congress requires the…
With critics regularly blaming the 2001 and 2003 tax cuts for deficits caused more by runaway spending and a sluggish economy, The Heritage Foundation recently released “The Three Biggest Myths About Tax Cuts and the Budget Deficit”[1] to set the record straight. This report…
Abstract: Proponents of Obamacare claim that it will simultaneously provide millions of Americans with health insurance and reduce the budget deficit by hundreds of billions of dollars. Yet Obamacare’s proclaimed budgetary discipline rests on unlikely assumptions and budget gimmicks—none worse than the CLASS Act,…
Abstract: The annual federal budget deficit is projected to reach 8.3 percent of gross domestic product (GDP) by 2020—more than three times the historical average of 2.3 percent. This dramatic increase in the federal deficit will be exclusively the result of increasing spending, not…
A chart created by the Center on Budget and Policy Priorities (CBPP) has been circulating among liberal bloggers such...…
The Republican Study Committee (RSC) has released a 10-year budget blueprint that reins in federal spending, balances...…
The Congressional Budget Office (CBO) has completed its initial review of President Barack Obama's budget request and...…
The federal government made at least $125 billion in improper payments last year. It spends $25 billion annually...…
House and Senate leaders are caught in a debate over real and phantom discretionary spending cuts. Senate leaders have...…
House Republicans are now pledging to reduce fiscal year 2011 discretionary spending to $100 billion below President...…
Following the Democratic Senate’s recent failure to push through a massive, 1,924-page omnibus spending bill stuffed...…
As recession-weary Americans continue to tighten their belts, not even trillion-dollar deficits can persuade Senate...…
Preliminary figures from the Congressional Budget Office (CBO) show that Washington ran a $1.291 trillion deficit in...…
In his Monday “Hey Small Spender” column, New York Times columnist Paul Krugman bizarrely denied that federal spending...…
Brian Riedl on the Budget on FBN Brian Riedl discusses the federal budget. …
Brian Riedl on the Budget on Bloomberg News Brian Riedl discusses the upcoming battle over the federal budget. …
Budget & Spending 101 Our panel of experts provide an overview to Capitol Hill staff on how to prepare for the coming debt limit increase, the current state of …
Brian Riedl on the Deficit Report on FBN Brian Riedl discusses the deficit report. …
Brian Riedl on the Federal Budget on FBN Brian Riedl discusses the expiration of the Bush tax cuts and other budget issues. …
Brian Riedl on Federal Spending and the Deficit on FNC Brian Riedl discusses the federal budget and the radical expansion of spending under the Obama administration. …
Brian Riedl on Tax Credits and Tax Increases on FNC Brian Riedl comments on the growing number of Americans receiving tax credits and the shrinking number of earners paying higher taxes to support them. …
Brian Riedl on Senator Bunning on Fox Brian Riedl discussing Senator Jim Bunning's stand against budget excess. …
Brian Riedl on Unemployment Benefits on FNC Brian Riedl commenting on the economics of unemployment benefits on Fox News's Special Report. …
Brian Riedl on Obama's Proposed Budget on CBN President Obama's budget and the deficit. …
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