Debt | Council For Citizens Against Government Waste

Debt

CBO’s 2020 Economic Outlook Shows Trillion-Dollar Deficits Are Here To Stay

Unsurprisingly, the United States’ fiscal outlook remains dreadful.

February 6, 2020 — Peter Klensch 1581015880

New York Lawmakers Protect Pay Raises With Taxpayer-Funded Attorneys

While a potential pay raise for members of Congress seems to have been tabled for now, an equally atrocious attempt to abuse taxpayer funds is occuring in the Empire State.  

June 21, 2019 — CAGW Staff 1561126976

Congress Drives the "Megabus" Off the Tracks

Even with the national debt at more than $22 trillion and trillion-dollar annual deficits beginning in fiscal year (FY) 2022, Congress continues full-speed ahead towards another fiscal disaster.  This week’s poor spending decision comes from H.R. 2740, an appropriations “megabus.”

June 20, 2019 — CAGW Staff 1561065351

RSC Budget Provides Only Clear Path Toward Fiscal Responsibility

The national debt stands at more than $22 trillion, with trillion-dollar deficits right around the corner.  Entitlement spending continues to rise and is projected to make up 60 percent of spending for Fiscal Year (FY) 2020.  Social Security will exceed its income in 2020 for the first time since 1982 and Medicare is set to become insolvent by out in 2026. 

May 2, 2019 — Peter Klensch 1556818425

Senate Vote Reveals Democrats' True Intentions Behind Green New Deal

It is no secret that the Green New Deal is a terrible deal for taxpayers, as even Senate Democrats, despite their public support, refused to match their votes with their words.

March 29, 2019 — Peter Klensch 1553881324

The Debt Ceiling: Extraordinary Measures and Where to Find Them

On March 7, 2017, the Congressional Budget Office (CBO) announced that if the debt ceiling was not raised or extended before March 16, the Treasury will be unable to borrow funds for standard operating procedures.  In order to avoid breaching the debt ceiling, the Treasury will be forced to take extraordinary measures so that it is able to continue borrowing, but this will only last for a short period.  Another debt ceiling fight in Congress is inevitable, but most likely not un

March 9, 2017 — Rachel Cole 1489087292

State of the Union Observations

On January 12, 2016, President Obama delivered his final State of the Union address.  During his address, President Obama cited some of his accomplishments while in office:  the millions of people with healthcare, the increase in jobs and decrease in unemployment, and the great investments in renewable energy across the country.

January 14, 2016 — Rachel Cole 1452808727

CAGW Reaction to SOTU 2015: The President Is in an Alternate Universe

The President’s State of the Union Address would have made a good episode of “The Twilight Zone.” In "The Obama Zone," the following is true, because he either never mentioned the subject matter or failed to properly state the facts...

January 21, 2015 — CAGW Staff 1421886721

Put a Fork In it! Earmarks are Dead ... Almost.

In a November 4, 2013 blog published in The Hill titled “Congress should return to responsible earmark policy,” former Rep. George Nethercutt (R-Wa.) claimed that failure to do so would create “purist legislators who largely disdain compromise, resist seniority, and refuse Congressional earmarks.” 

November 12, 2013 — CAGW Staff 1384280907

And Here’s To You, Mrs. Lautenberg!

The recent action by Congress to provide a death gratuity to the widow of the late Senator Frank Lautenberg (D-NJ) has raised a few eyebrows.  Specifically, the continuing resolution (CR) passed by Congress and signed into law by President Obama in the late evening hours of Wednesday, October 16, included $174,000 – the equivalent of one year’s salary for members of Congress – for Mrs. Bonnie Lautenberg.

October 18, 2013 — William Christian 1382145035

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