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The Future of Fiscal Irresponsibility
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Blog

The Future of Fiscal Irresponsibility

As Matthew Clemente pointed out in his last entry, the national debt will surpass GDP as soon as 2012. Unfortunately, it gets more frightening—according to the 2008 Financial Report of the U.S. Government, the government has already promised $65 trillion in Medicare and Social Security—more than the GDP of the entire world. Even this figure is already outdated: consider the additional promised payouts with the passing of the healthcare bill.

06/11/2010
Reconciliation: The Hypocritical Path for the Passage of the $2.5 Trillion Health Care Bill
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Reconciliation: The Hypocritical Path for the Passage of the $2.5 Trillion Health Care Bill

If the Democratic lawmakers in this video use reconciliation to gain passage of the currently pending health care bill, then it becomes clear that these same Democratic lawmakers are hypocrites in their own right. In this video, Democratic lawmakers claim that reconciliation is an irreponsibile power grab. Well if reconciliation is an irresponsible power grab, then why are these same Democratic lawmakers who denounced reconciliation deliberately choosing to use it? 

03/03/2010
Rep. Paul Ryan Reveals True Health Care Figures
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Rep. Paul Ryan Reveals True Health Care Figures

Rep. Paul Ryan articulates the real fiscal figures associated with health care at today's Health Care Summit.          

02/25/2010
Congressional Democrats Express Dissatisfaction with Obama Budget
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Congressional Democrats Express Dissatisfaction with Obama Budget

A fair share of congressional Democrats have expressed confusion and dissatisfaction with President Obama’s 2011 FY budget proposals. Since the budget was released, it has increasingly been subject to heavy scrutiny and criticisms among Democrats. In addition to fiscally conservative Republicans, a growing number of Democrats are realizing that, in many ways, Obama’s budget is impractical and too costly.

02/04/2010
What Are the Consequences of Obama's $3.8 billion Budget?
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What Are the Consequences of Obama's $3.8 billion Budget?

President Obama’s newly released budget proposal clearly indicates that he is not focused on decreasing our country’s fiscal deficit anytime soon. Instead, Obama plans on spending $3.8 billion of taxpayer money that taxpayers can’t afford.

02/02/2010
President Obama's 2011 Fiscal Year Budget
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President Obama's 2011 Fiscal Year Budget

The Office of Management and Budget has released President Obama's Budget for the 2011 fiscal year. Below is a link for the 2011 FY budget in PDF format. http://www.whitehouse.gov/omb/budget/fy2011/assets/appendix.pdf The following links include information regaring the 2011 Fiscal Year Budget.

02/01/2010