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Blog

A Continuing Resolution to Increase Government and Debt

Dysfunction:

1 day ago
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Blog

Budget Deficit for FY 2016 Higher Than Originally Projected

The Congressional Budget Office (CBO) has revised its budget deficit projection for FY 2016 upward, according to a recent report. In March, the nonpartisan fiscal agency projected that the budget deficit for the current fiscal year would reach $534 billion, a 22 percent increase. The latest projection shows that the budget deficit for FY 2016 will rise to $590 billion, or a nearly 35 percent increase.

08/09/2016
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Blog

Senate Democrat Says the National Debt Is Not a Threat

Sen. Ed Markey (D-Mass.) does not believe the United States' $19.2 trillion national debt is a national security threat. He made the comments during a Senate Foreign Relations Committee hearing on the strategic implications of the national debt on Wednesday, chaired by Sen. Bob Corker (R-Tenn.)

04/07/2016
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Blog

New CBO Deficit Projections: Running Out of Road for that Can We're Kicking

The Congressional Budget Office (CBO) has released its updated budget projections, and there's no sugar-coating the numbers. The federal government’s annual budget deficits were already slated to start rising again in 2016, but thanks to some discouraging economic growth predictions and a bloated budget deal that added tens of billions in new spending, we’re now looking at returning to trillion dollar annual deficits in only six years (2022).

01/20/2016
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Press Release

FreedomWorks’ Statement on CBO Budget Projections

Following the release of the Congressional Budget Office’s budget projections showing higher deficits and lower economic growth, FreedomWorks Senior Economic Contributor Stephen Moore commented:

01/19/2016
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Press Release

Treasury Report Highlights Washington’s Spending Problem

Following the release of the Treasury Department’s monthly statement of federal revenue and outlays, FreedomWorks Chief Economist Wayne Brough commented:

01/14/2016
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Blog

Congressional Republicans Can't Afford to Get Pushed Around on Budget Caps

Congress is coming back to town, and that means it’s time to hide our wallets. If the leadership of both parties are left to their own devices, by the end of September the government’s spending will have increased once again. This outcome is by no means inevitable; indeed, it shouldn’t even be possible after the Republicans took solid control of both the House and Senate. It will be up to those principled leaders who do care about the financial peril our nation faces to put the brakes on any effort to speed up the government’s spending.

09/02/2015
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Blog

CBO Warns of Mounting Debt, Crickets from Congress

This week, the Congressional Budget Office came out with its Long-Term Budget Outlook for 2015. The report foreshadows growing deficits, mounting debt, and economic harm if the status quo is allowed to continue.

06/19/2015
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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

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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