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Blog

Obama's Latest Budget Proposal Shows a Weak Grasp on Reality

With another year comes another federal budget season, kicked off by President Obama’s budget proposal. Although his plan was shockingly delivered by the date required by law (for only the second time under Obama), perhaps the president and his team should have taken a few extra days to think it through. The proposal they released today is so shockingly tone-deaf and immune to fiscal realities that it would be comic if we weren’t talking about the actual future solvency of the United States government.

02/02/2015
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Press Release

Obama’s $4 Trillion Budget Joke

President Obama released his latest budget, a plan that would spend $4 trillion next year and $50 trillion over the next decade. The plan is packed with goodies from free community college to free preschool to increased infrastructure spending. The budget blows past the spending caps that Obama signed into law in 2011.

02/02/2015
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Blog

The White House will call for an end to the sequester in its FY 2016 budget

The White House is offering more details about President Barack Obama's FY 2016 budget proposal in advance of its formal release on Monday. Politico is reporting that the administration will call for an end to the sequester -- across-the-board cuts to the rate of spending increases enacted in 2011.

01/29/2015
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Blog

Divided government has kept budget deficits in check, but a spending explosion is on the horizon

The Congressional Budget Office has released its annual budget outlook for the next decade, showing that the budget deficit will continue to fall in the current fiscal year, as well as next year, before gradually beginning to rise steadily again, thereafter. The media mostly talking about this aspect of the report. The Associated Press, for example, ran with the headline: "CBO: Budget deficit to shrink to lowest level since Obama took office."

01/26/2015
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Blog

ObamaCare spending will balloon to nearly $2 trillion over the next decade

One of the ways the Obama administration managed to get ObamaCare through Congress was by keeping the cost of the law under $1 trillion. This was accomplished through various budget gimmicks and backloading costs in years at the end of the original budget estimates. These deceptive tactics are how the administration managed to get a score from the Congressional Budget Office purporting that ObamaCare would reduce the deficit by $124 billion.

01/26/2015
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Blog

The real State of the Union response was delivered by Rand Paul

Being tasked with a response to the State of the Union address isn't easy. The message, usually given by a fresh face, is carefully crafted to fluff up a party's priorities for the coming months, as well as offer Americans a distinction between their agenda and what the president offered them earlier in the evening.

01/21/2015
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Blog

Barack Obama is in complete denial about the United States' ominous fiscal path

In addition to proposing an onslaught of spending increases and tax hikes in his sixth State of the Union address, President Barack Obama will, according to The New York Times, "effectively declare victory over the economic hard times that dominated his first six years in office and advocate using the nation’s healthier finances to tackle long-deferred issues like education and income inequality."

01/20/2015
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Blog

Barack Obama plans to pay for budget-busting spending increases with growth-stunting tax hikes

President Barack Obama has tipped his hand on how he plans to pay for his budget-busting spending increases. Media reports indicate that he plans to roll out several tax hikes totalling $320 billion in his State of the Union address on Tuesday, including raising the capital gains rate and imposing a tax on big banks' liabilities.

01/20/2015
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Blog

Barack Obama will propose a big spending increase in his next budget

President Barack Obama faces a Republican-controlled Congress that opposes most, if not all, of his legislative agenda. And with just two years left in his presidency, he staring down irrelevance, without many, if any, real legislative accomplishments embraced by the American people. In some way, these sorts of problems can be liberating, but, as he so frequently tells Republicans, there is still an expectation that he live in some sort of a reality.

01/16/2015
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Blog

A gas tax hike would only preserve Washington's culture of mismanagement and waste

The federal Highway Trust Fund, after years of being raided by Congress to pay for wasteful transportation and extravagant infrastructure projects, faces a $160 billion shortfall over the next decade, which has some lawmakers from both sides of the aisle openly floating a bailout in the form of a gas tax hike.

01/13/2015

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