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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

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

No, Barack Obama, budget deficits aren't "manageable" by any stretch of the imagination

Looking to stake some ground just weeks before the mid-term election, President Barack Obama, in a speech last week at Northwestern University, dismissed concerns about budget deficits, claiming that ObamaCare is keeping down healthcare costs.

10/06/2014
New CBO Report Reveals Bleak Budget Outlook
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Blog

New CBO Report Reveals Bleak Budget Outlook

On Tuesday, the Congressional Budget Office released a new report revising its economic projections for the next ten years.

02/07/2013
Higher Deficits Announced
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Blog

Higher Deficits Announced

Today the White House raised its budget deficit forecast for this fiscal year ending Sept. 30 by $89 billion and forecasts an additional $87 billion deficit in 2010 over previous estimates.  The new 2009 deficit number weighs in at $1.84 trillion--the largest in American history.  The deficit alone amounts to about 12.9 percent of our economic output this year.

05/11/2009