A Renewed Commitment to Opportunity for All
December 4, 2012
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Thank you, Bob, for that kind introduction. And congratulations to Senator Rubio on receiving this well deserved honor. You’re joining an elite group of past recipients – so far, it’s just me and you. I’ll see you at the reunion dinner – table for two. Know any good diners in Iowa or New Hampshire? ...
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President Obama’s Record on Youth Employment
October 18, 2012
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In the 2008 presidential election, President Obama received overwhelming support from young voters. The past four years has produced the following results and prospects for young Americans: Among 16 to 24-year-olds, the unemployment rate is 15.5%. After adjusting for the decline in the labor force p...
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The False Charge of a $5 trillion “tax cut” in the House Republican Budget
October 3, 2012
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“You can go on their website, look at Congressman Ryan’s budget. The centerpiece of Governor Romney’s entire economic plan is a new $5 trillion tax cut, a lot of it going to folks like me, a lot of it going to the wealthiest Americans.” – President Barack Obama, August 18, 2012, Rochester, NH. Key P...
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Summary of OMB Sequester Transparency Act Report
September 14, 2012
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On September 14, 2012, over a week after the statutory deadline, the Office of Management and Budget released a report detailing the impacts of the automatic sequester scheduled to take effect on January 2, 2013. The report provides details for the 897 accounts subject to sequester, a description of...
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The Arithmetic of the President’s $4 Trillion Deficit Reduction Claim
September 7, 2012
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Despite claims that the President has a $4 trillion deficit reduction plan, the President’s own budget shows only a $2 trillion reduction in the deficit over 10 years, while the debt increases by $11 trillion. After removing gimmicks and using CBO data, the President’s budget shows only $577 billio...
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Analyzing the Clinton-Obama 'Arithmetic'
September 6, 2012
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By: Douglas Holtz-Eakin President Clinton’s speech at the Democratic National Convention got rave reviews in some circles. As usual, however, the budget world looks at things differently than the media and political echo chambers. At a time when the fiscal outlook of the federal government is a loom...
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Wall Street Journal: The $6,400 Myth
August 20, 2012
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One of President Obama's regular attacks on Paul Ryan's Medicare reform is that it would force seniors to pay $6,400 a year more for health care. But merely because he keeps repeating this doesn't mean it's in the same area code of accurate. The claim is based on a now out-of-date Congressional Budg...
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National Review: President Obama’s $700 Billion Medicare Problem
August 15, 2012
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By James C. Capretta Governor Mitt Romney’s selection of Representative Paul Ryan as his vice-presidential running mate is revealing on a couple of levels. First, it shows that Governor Romney has a keen eye for talent (which probably explains his success as a CEO). Representative Ryan has become an...
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Ryan And Sessions: 'Unprecedented 1,200 Days' Since Senate Democrats Passed A Budget
August 10, 2012
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WASHINGTON – House Budget Committee Chairman Paul Ryan of Wisconsin and Senate Budget Committee Ranking Member Jeff Sessions of Alabama issued the following joint statement marking the 1,200th day since Senate Democrats have last adopted a budget: “Tomorrow marks another disappointing record for the...
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President Signs Vital Sequestration Transparency Act Into Law
August 7, 2012
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Washington – Earlier today, President Obama signed into law the Sequestration Transparency Act of 2012. The legislation, which had strong bipartisan support in both the House and the Senate, requires the President to detail how the administration plans to implement the budget sequestration cuts sche...
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