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LISTEN NOWThe Freedom Files Podcast Episode 22: Ajit PaiListen Here
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The Fiscal Disaster Facing the United States Is Much Worse Than It Appears

Back in April, the Congressional Budget Office (CBO) released regular budget outlook for the current year and 2019 through 2028 budget window. The report was concerning because it showed that the share of the debt held by the public as a percentage of gross domestic product (GDP) would increase from 78 percent in 2018 to 96.2 percent in 2028.

08/13/2018
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All the Lights Are Flashing Red on America's Fiscal Situation

The alarm is sounding once again on federal spending, and few in Congress are paying attention serious problems that America faces if it doesn’t get the nation’s finances into order.

06/27/2018
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Congress Doesn't Lack Tax Revenue -- Democrats and Republicans Have a Spending Problem

Opponents of the Tax Cuts and Jobs Act, which delivered much-needed tax relief to the middle class and business owners large and small, have complained that the law is contributing to the increase in expected budget deficits over the next ten years. Certainly, budget deficits are a serious concern, and Congress has shown no interest in addressing the problem.

04/18/2018
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Almost 62 Percent of Federal Spending in 2018 Is Baked in the Budgetary Cake

Fiscal conservatives rightly opposed the Bipartisan Budget Act, H.R. 1892, because it blew through the spending caps by nearly $300 billion over two years and set the tone for more long-term spending by increasing the baseline at which Congress will budget. Still, this two-year budget deal only covers discretionary spending for FY 2018 and FY 2019 and doesn't touch mandatory spending, which includes programs like Medicare and Social Security whose funding runs on autopilot.

04/11/2018
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Latest CBO Report Shows Washington's Addiction to Spending Is Out of Control

On Monday, the Congressional Budget Office (CBO) released its semiannual report on federal spending. The report, The Budget and Economic Outlook: 2018 to 2028, looks at trends in federal spending, budget deficits, and the share of the national debt held by the public. If one is looking at the report through the lens of fiscal conservatism, the picture is ominous to say the least.

04/10/2018
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Support the CBO Show Your Work Act, S. 1746

On behalf of our activist community, I urge you to contact your senators and ask them to support the CBO Show Your Work Act, S. 1746, introduced by Sen. Mike Lee (R-Utah). The bill would require the Congressional Budget Office to make its models and data available to Congress and the public.

08/28/2017
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Only in Washington Can Limiting the Growth of a Government Program Be Called A "Spending Cut"

The Congressional Budget Office released a report Thursday on the long-term spending effects of the Senate version of H.R. 1628, the Better Care Reconciliation Act. Unfortunately, Democrats and some in the mainstream media are already spinning the report, claiming that it shows that the bill will cut Medicaid spending. That's wholly inaccurate.

06/29/2017
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CBO Coverage Projections Have Been Wildly Wrong

Winston Churchill once said, “It is a mistake to try to look too far ahead. The chain of destiny can only be grasped one link at a time.” The reality that the future is hard to predict, but that has not stopped men and women from trying to do just that. Perhaps one of the best examples of that is the Congressional Budget Office (CBO).

06/27/2017
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Capitol Hill Update: May 22, 2017

Schedule:

05/22/2017
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House GOP Leaders' Health Care Alternative Falls Short on Coverage Numbers Because It Keeps ObamaCare's Architecture in Place

Philip Klein of the Washington Examiner and Michael Cannon of the Cato Institute have picked up on an important point from the Congressional Budget Office's score of House Republican leadership's ObamaCare "alternative," the American Health Care Act (AHCA). Klein and Cannon note that more people would have health insurance coverage under the 2015-2016 repeal bill, H.R. 3762, than under the AHCA.

03/14/2017

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