On Friday, March 1st, 2013, the Second Mayan Apocalypse will occur – or so President Obama might have you believe.
The Madness of King Barack?
Washington Post Associate Editor and uber-journo Bob Woodward has been blurting out all kinds of cogent things lately, most of it is giving the White House fits. But he is saying what many people are thinking.
It’s Getting Scary Out There…
We just received a copy of Organizing for Action’s email to their supporters. This group is the president’s restructured re-election operation, still carrying on his never-ending campaign.
The Right Stuff to Cut
Incoming Joint Economic Committee Chairman Kevin Brady’s (R-Texas) National Review Online op-ed, “What Kind of Cuts Grow the Economy,” makes it clear that the right kind of spending cuts will increase economic growth and create jobs.
Implement GAO Reforms: Culberson-Coburn or a Commission?
While February 2nd has long been recognized as Ground Hog Day, perhaps February 5th – at least for this year – should be coined Government Waste Elimination Day. On February 5, 2013, CAGW President Tom Schatz testified before the House Committee on Oversight and Government Reform (OGR).
Heads in the Sand (or somewhere else)
Sen. Tom Harkin (D-Iowa) today became the latest in a growing list of Democrats who claim that the federal government does not have a spending problem.
One for Three, and Savings for All
“To sequester, or not to sequester?” That appears to be the question for many of our congressional Hamlets.
Rep. Pelosi’s Comment Misses the Mark on the U.S. Budget Problem
This weekend, House Majority Leader Nancy Pelosi (D-Calif.) spoke with Chris Matthews on “Fox News Sunday.” During the interview, Pelosi delivered a quote that may be the early front runner for most absurd quote of 2013: “It is almost a false argument to say that we have a spending problem.
Higher Taxes Will Lead to New Spending
The fiscal cliff, a combination of automatic budget cuts and tax increases set to take effect at the beginning of 2013, has dominated the news since the 2012 Presidential election. The effect of going off the cliff would be detrimental to the U.S. economy, potentially leading to a 3.6 percent decline in the gross domestic product. These impending negative consequences have led to Congress and the president scrambling to strike a deal.
Sequestration: The Sky is Not Falling
On August 2, 2011, Congress passed the Budget Control Act (BCA), which raised the debt limit, cut $917 billion in federal spending over 10 years, and established the Joint Select Committee on Deficit Reduction (the “super committee”). The super committee was supposed to produce legislation by November 23, 2011 to further reduce spending by at least $1.5 trillion over 10 years.