President Obama has repeatedly claimed that his health care reforms also represent entitlement reform. Not surprisingly, the Congressional Budget Office shows this claim implausible. They… Read More
President Obama today is promoting a Pay-as-You-Go (PAYGO) statute requiring that tax cuts and entitlement expansions be collectively deficit-neutral. Congress is likely to take up… Read More
The Washington Post today ran an article on the possibility of lawmakers enacting a value-added tax (VAT) to pay for soaring government spending. A VAT… Read More
President Obama today released a list of 121 proposed program terminations and reductions, at a savings of $17 billion. It is important for any president… Read More
Budget Trickery The President also employs budget trickery on spending. He first assumes that Iraq spending will continue indefinitely at 2008 levels (which was never… Read More
“First of all, when I hear that from folks who presided over a doubling of the national debt, then, you know, I just want them… Read More
In three of the last four years, Congress has combined all the outstanding appropriations bills into one large omnibus bill. Each omnibus bill was ridiculed… Read More
Remember the media’s relentless criticism of the Bush Administration’s “groupthink” leading up to the Iraq War? Now the media is engaged in its own groupthink… Read More
Yesterday the White House updated its budget estimates by releasing the annual “Midsession Review.” Media reports have focused on the projected budget deficits of $389… Read More
