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The WasteWatcher: The Staff Blog of Citizens Against Government Waste

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Congress Drives the "Megabus" Off the Tracks

Even with the national debt at more than $22 trillion and trillion-dollar annual deficits beginning in fiscal year (FY) 2022, Congress continues full-speed ahead towards another fiscal disaster.  This week’s poor spending decision comes from H.R. 2740, an appropriations “megabus.”

CBO Budget Outlook Projects Debt Disaster is on the Horizon

On January 28, 2019, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook for 2019 to 2029 and unsurprisingly, the United States’ fiscal outlook remains dreadful.

GSE Uncertainty Continues to Put Taxpayers at Risk

On September 6, 2018, the House Financial Services Committee held a hearing to evaluate the ill-famed ten-year anniversary of conservatorship for government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.  Committee members and witnesses addressed the inherent dangers of keeping the status quo as well as potential reforms to limit systemic risk.

CBO Projects Strong Economic Growth in 2018 and 2019; Trillion Dollar Deficits By 2020

Today, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook for 2018 to 2028.  In order to include several important pieces of budget and spending legislation that passed recently, particularly the Tax Cuts and Jobs Act, the Bipartisan Budget Act, and the Omnibus Appropriations package, CBO pushed its usual January release date to April.

Will the Individual Mandate Finally Be Repealed?

The House of Representatives and the Senate are vigorously working to pass a tax reform package before the end of the year.  Both the House and Senate passed their budget resolutions with reconciliation instructions by Thanksgiving, a necessary step in order to craft their respective tax reform packages.

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