Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013
At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO… Read More
The RSC Budget: A First Look
The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It… Read More
Unused Federal Buildings: No Room for Sequestration Cuts?
About 77,000 unused or underused federal buildings cost taxpayers $1.67 billion to operate and maintain in 2010 alone (latest data available), according to a Congressional… Read More
Sequestration: Much Larger Spending Cuts Needed to Balance the Budget
Sequestration, the set of automatic spending reductions set to hit on March 1, barely makes a dent in federal spending over the next decade. Much… Read More
Morning Bell: What Will the Fiscal Cliff Deal Look Like?
This week, President Obama and House Speaker John Boehner (R-OH) have been trading secret offers on the fiscal cliff. Last night, they met for nearly… Read More
Spending “War Savings” Is Still a Budget Gimmick
During the first presidential debate, President Obama reiterated a policy proposal that barely holds water. His proposal to use so-called war savings from the troop… Read More
The President’s “Debt Reduction”: $1.6 Trillion in Tax Hikes, Almost No Net Spending Reductions
During his Rose Garden speech Monday, the President claimed that his new “debt reduction” plan would provide $2 of spending cuts for every $1 of… Read More
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