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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

A Progressive Wish List, An Unsustainable Budget

It’s quite telling that the cover of the federal budget for the 2017 fiscal year portrays snow-capped mountains, because the proposals read like a liberal wish list being sent to Santa’s workshop. Despite the absurd recommendations by President Obama, however, the enactment of such policies would have devastating consequences for years to come.

02/11/2016
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Blog

Irresponsible Presidents Hurt My Grandchildren

A government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. Sennholz

11/10/2015
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Blog

Hitting the Debt Ceiling Doesn't Mean Default

Treasury Secretary Jack Lew is reporting that Congress only have until November 5th before the federal government hits its borrowing limit, an earlier date than most analysts were predicting. This can be expected to prompt the perennial debate about the nation’s debt and what, if anything, can be done about it.

10/02/2015
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Blog

Donald Trump once proposed the largest tax hike in American history

In his FY 2016 budget, President Barack Obama proposed $1.44 trillion in new taxes over the next ten years. Though his tax proposal is not likely to be passed by Congress, it comes on top of hikes he already managed to enact, such as the fiscal cliff deal that increased taxes by $620 billion and the $1 trillion of taxes in ObamaCare. Conservative activists, rightly, slammed the tax hikes, which have contributed to a slow economic recovery in the aftermath of the Great Recession.

08/31/2015
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Blog

Amid Rocky Markets, the Need for Spending Restraint Is Clear

The volatility in the stock market in recent days offers a clue to the dangerous power of the Federal Reserve, and further underscores the need to get government spending under control and finally start tackling the national debt.

08/27/2015
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Blog

How the United States could become Greece unless Congress takes mounting debt seriously

Greek voters, on Sunday, rejected austerity measures crafted by European countries and the International Monetary Fund (IMF). The results of the referendum, against which 61 percent voted, could mean the Mediterranean country exits the euro and see a run on banks similar to what it saw last week, or worse.

07/06/2015
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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 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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