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Deficit

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.”

Rescission and the Trump Administration

Rescission is an abstruse presidential tool passed amid the Nixon administration under the Congressional Budget and Impoundment Control Act of 1974.

CBO Increases Projected Deficit Estimate

On August 5, 2016, the Congressional Budget Office (CBO) released its “Monthly Budget Review for July 2016.”  The CBO increased its projection of fiscal year 2016 deficit by 10 percent, from $534 billion to $590 billion, in its review.  The non-partisan agency attributes the deficit increase to lower-than-expected revenues.  In addition to lower revenues, costs have also risen.

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.

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...

Declaration of Dependence

A February 4, 2013 Congressional Budget Office (CBO) report confirmed what taxpayer watchdog groups such as Citizens Against Government Waste (CAGW) have been warning about for years: Obamacare is an unprecedented disaster for every American’s personal health and the country’s economic health. 

CBO Releases "Options for Reducing the Deficit 2014-2023"

The Congressional Budget Office released “Options for Reducing the Deficit 2014-2023” last week.

A Government That is Too Big

More and more news reports are surfacing about the overreach by the Obama Administration with regard to the partial government shutdown.  Remember, some 82% of government spending is exempt from the shutdown.  It is the White House that ultimately determines what is essential and stays open and what doesn’t in the federal government.

Debate and Compromise Is Not a One-Way Street

A few months back my 20-something niece was complaining about how Congress, in particular the Republican House, was just not cooperating with President Obama over spending, taxes, and government-investments like bridges and green energy.  She said the current system was broken and that we needed something new so things could be done quickly.  I said, “So – what do you want – a king?”  Silence was the answer.

Nancy’s Cupboard May be Bare but There are Certainly Bats in Her Belfry

On Sunday, when asked about deficit reduction, House Minority Leader Nancy Pelosi (D-CA) declared on CNN’s Sunday show State of the Union that “the cupboard is bare…there’s no more cuts to make.”

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