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Debt

RSC Budget Provides Only Clear Path Toward Fiscal Responsibility

The national debt stands at more than $22 trillion, with trillion-dollar deficits right around the corner.  Entitlement spending continues to rise and is projected to make up 60 percent of spending for Fiscal Year (FY) 2020.  Social Security will exceed its income in 2020 for the first time since 1982 and Medicare is set to become insolvent by out in 2026. 

Senate Vote Reveals Democrats' True Intentions Behind Green New Deal

It is no secret that the Green New Deal is a terrible deal for taxpayers, as even Senate Democrats, despite their public support, refused to match their votes with their words.

The Debt Ceiling: Extraordinary Measures and Where to Find Them

On March 7, 2017, the Congressional Budget Office (CBO) announced that if the debt ceiling was not raised or extended before March 16, the Treasury will be unable to borrow funds for standard operating procedures.  In order to avoid breaching the debt ceiling, the Treasury will be forced to take extraordinary measures so that it is able to continue borrowing, but this will only last for a short period.  Another debt ceiling fight in Congress is inevitable, but most likely not un

State of the Union Observations

On January 12, 2016, President Obama delivered his final State of the Union address.  During his address, President Obama cited some of his accomplishments while in office:  the millions of people with healthcare, the increase in jobs and decrease in unemployment, and the great investments in renewable energy across the country.

CAGW Reaction to SOTU 2015: The President Is in an Alternate Universe

The President’s State of the Union Address would have made a good episode of “The Twilight Zone.” In "The Obama Zone," the following is true, because he either never mentioned the subject matter or failed to properly state the facts...

Put a Fork In it! Earmarks are Dead ... Almost.

In a November 4, 2013 blog published in The Hill titled “Congress should return to responsible earmark policy,” former Rep. George Nethercutt (R-Wa.) claimed that failure to do so would create “purist legislators who largely disdain compromise, resist seniority, and refuse Congressional earmarks.” 

And Here’s To You, Mrs. Lautenberg!

The recent action by Congress to provide a death gratuity to the widow of the late Senator Frank Lautenberg (D-NJ) has raised a few eyebrows.  Specifically, the continuing resolution (CR) passed by Congress and signed into law by President Obama in the late evening hours of Wednesday, October 16, included $174,000 – the equivalent of one year’s salary for members of Congress – for Mrs. Bonnie Lautenberg.

A Government That is Too Big

More and more news reports are surfacing about the overreach by the Obama Administration with regard to the partial government shutdown.  Remember, some 82% of government spending is exempt from the shutdown.  It is the White House that ultimately determines what is essential and stays open and what doesn’t in the federal government.

Debate and Compromise Is Not a One-Way Street

A few months back my 20-something niece was complaining about how Congress, in particular the Republican House, was just not cooperating with President Obama over spending, taxes, and government-investments like bridges and green energy.  She said the current system was broken and that we needed something new so things could be done quickly.  I said, “So – what do you want – a king?”  Silence was the answer.

Nancy’s Cupboard May be Bare but There are Certainly Bats in Her Belfry

On Sunday, when asked about deficit reduction, House Minority Leader Nancy Pelosi (D-CA) declared on CNN’s Sunday show State of the Union that “the cupboard is bare…there’s no more cuts to make.”

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