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Budget Year-End Review
December 18, 2009
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While the Senate struggles to jam through a new $1-trillion-or-so Federal health care entitlement, it is important to not lose sight of the cumulative budget impact of the President’s entire first year. The President and the Democratic-controlled Congress have undertaken a breathtaking expansion of ...
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Defense Appropriations: Saving the Most Important for Last
December 16, 2009
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The most important responsibility of the Federal Government is ensuring the Nation’s security. Yet the House delayed the Defense appropriations bill until nearly 3 months after the start of the fiscal year – even as the President is sending 30,000 more troops into harm’s way. The Defense bill – the ...
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More 'Stimulus,' Debt, and Stopgap Spending
December 16, 2009
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The House is expected to stagger out of town late today after jamming through a monstrous jumble of costly bills, including a third “continuing resolution,” and a $290-billion increase in the debt ceiling – to $12.4 trillion – as well as another “stimulus” bill that shovels more money onto the faile...
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Omnibus Appropriations: A 12-Percent Increase for Congress's Still-Unfinished Business
December 10, 2009
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The fiscal year 2010 omnibus spending bill increases discretionary spending by a 12 percent for the six appropriations measures it binds together. In total, the legislation – H.R. 3288 – provides $447 billion in budget authority, an increase of $48 billion from fiscal year 2009. This funding include...
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TARP: A New Slush Fund for Washington
December 8, 2009
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The President today announced his intention to tap billions of dollars in Troubled Asset Relief Program [TARP] funds to justify additional economic “stimulus” spending. This is the latest version of the administration’s exploitation of TARP for purposes other than stabilizing financial markets; and...
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CBO: Health Care Legislation Increases the Deficit
November 19, 2009
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The House Democrats’ health care legislation will increase the budget deficit by $89 billion over the next 10 years, and would continue increasing thereafter, according to figures released today by the Congressional Budget Office [CBO] – a finding that directly contradicts the Democrats’ claims of d...
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The Majority's $279-Billion 'Doc Fix' Shell Game
November 7, 2009
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The Democrats’ tactic for bringing health care legislation to the floor is a transparent attempt to gain credit for a Medicare reimbursement increase doctors want, while hiding its $279-billion cost. They have crafted a rule that lets them have it both ways: they can claim support for the doctors’ p...
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The House Health Care Bill
November 3, 2009
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The 1,990-page Democratic health care bill, expected to reach the House floor this week, suffers all the predictable failings that result from its true intent: to initiate a central government takeover of the health sector – one-sixth of the U.S. economy and one of the most valued and personal servi...
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Fact Sheet: The Spending, Deficit, and Debt Control Act of 2009
November 3, 2009
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A Legally Binding Federal Budget Gives the budget the force of law by converting it from a concurrent to a joint resolution, which requires the President’s signature. Emergency reforms. Requires the President and Congress to budget for emergency spending by establishing budget reserves (“rainy day” ...
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Spending, Deficit, and Debt Act Legislation
November 3, 2009
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Read the full report here.
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