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A Tale of Three Budget Plans (or: A Picture Is Worth A Trillion Words)
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Blog

A Tale of Three Budget Plans (or: A Picture Is Worth A Trillion Words)

Sometimes, a picture is worth a trillion words. This chart from the 4/21 Wall Street Journal puts the budget battle in perspective. 

04/25/2011
From "Billions to Trillions": Why This Week's House Budget Vote Is So Crucial
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From "Billions to Trillions": Why This Week's House Budget Vote Is So Crucial

This past month's government-shutdown fight pales in comparison to the longer-term budget fight ahead.   In the words of a leading congressional budget-cutter, House Budget Chairman Paul Ryan (R-Wisconsin), "We must now move from saving billions to saving trillions." Ryan is right.  The national debt is skyrocketing at the rate of: • $200,000,000 ($200 million) an hour • $30,000,000,000 ($30 billion) a week • $120,000,000,000 ($120 billion) a month • $1,600,000,000,000 ($1.6 trillion) a year

04/11/2011
Sometimes Cutting "Wasteful Spending" Isn't Enough
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Issue Analysis

Sometimes Cutting "Wasteful Spending" Isn't Enough

The Tea Party members of Congress demonstrated Thursday that bipartisanship is possible when used to cut wasteful spending; against all odds, they and Democrats joined together to cancel the second engine for the F-35 which had long been a symbol of government excess (being opposed by both the Bush White House, the Obama White House and the Secretary of Defense).  The Tea Party Caucus also sent an important message that—with the budgetary crisis the nation currently faces—no department ca

02/17/2011
President Obama's Budget Pledges . . . More of the Same
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Issue Analysis

President Obama's Budget Pledges . . . More of the Same

President Obama apparently got a message in November: the American people didn’t like the way he was spending their money.

02/15/2011
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
Wake Up, There Is Work to Do!
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Wake Up, There Is Work to Do!

I almost didn’t get up this morning. I didn’t want to. If you feel like me today, you are physically and emotionally exhausted after a grueling 15 month battle against the Democrats’ hostile takeover of our health care. The tactics they employed to get it done were unlike any I have seen in my 25 years in Washington.

03/22/2010
State of the Union: President Obama’s Chance to Explain
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State of the Union: President Obama’s Chance to Explain

President Barack Obama will deliver his State of the Union Address tonight at 9 o’clock. Given the state of the economy, it will be interesting to hear how much of his speech includes proposals that could actually stimulate job growth, shrink the fiscal deficit, and encourage private investment.

01/27/2010
"Meet Me In D.C." Video Contest Finalists
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"Meet Me In D.C." Video Contest Finalists

Thanks so much to everyone who sent in a video for the contest. We had a number of fantastic entries. Below are the four finalists in no particular order.Please check them out and leave comments about your favorite. We'll announce the winners tomorrow.Thanks again for your participation and don't forget to be in D.C on Saturday! 

09/08/2009
CBO: H.R. 3200 Makes Medicare Advantage More Expensive
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CBO: H.R. 3200 Makes Medicare Advantage More Expensive

Last week, the Congressional Budget Office (CBO) released a letter detailing the impact Title I of Division B of H.R. 3200 would have on Medicare Part D benefits, which encompass Medicare Advantage.The key finding:

08/31/2009
Government Promises: Not Worth the Paper They're Printed On
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Government Promises: Not Worth the Paper They're Printed On

Back in June, the Washington Times reported on what seemed then to be a straightforward exchange between Rep. Paul Ryan (R-WI) and Federal Reserve Chairman Ben Bernanke:

08/11/2009

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