Abstract: Congress cannot kick its spending habit. This time it is using the extension of long-overdue tax-reducing provisions to increase spending $174 billion and add $134 billion to the deficit. Even worse, Congress has crammed a job-destroying tax hike and other detrimental policies into… Read more
Brian Riedl discussing Senator Jim Bunning's stand against budget excess. … Read more
Bill Beach discussing Senator Bunning's stand against spending on Fox Business. … Read more
OPINION/ANALYSIS: President Obama spent 2009 engaged in an unprecedented first-year spending spree. Now he is apparently planning to spend his second year creating the illusion of fiscal responsibility. On the campaign trail, then-candidate Mr. Obama… Read more
The central contest over competing visions for federal taxes for the next few years began on October 31. That is when Chairman Rangel (D-NY) of the House Ways and Means Committee shepherded the Temporary Tax Relief Act of 2007 (H.R. 3996) through his committee. Citing analysis by the Joint Committee on Taxation (JCT), Chairman Rangel… Read more
In January, a Democratic congressional majority was sworn in that was elected in part by promising fiscal responsibility. The Democrats specifically pledged to limit spending increases and employ pay-as-you-go (PAYGO) budgeting to keep the budget deficit in check. As their first year moves toward a close, it… Read more
Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits. Instead of piling trillions of dollars of debt onto our children and grandchildren, we will restore "Pay As You Go" budget discipline. … Read more
Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits. Instead of piling trillions of dollars of debt onto our children and grandchildren, we will restore "Pay As You Go" budget… Read more
The Senate is once again considering incorporating Pay-As-You-Go (PAYGO) rules into its budget resolution. PAYGO, which requires that any new tax cuts or mandatory expansions be balanced by equal tax increases or mandatory spending cuts, would do little to address federal spending while laying the groundwork for future tax increases… Read more
Last week, the House of Representatives finally passed a conference report on the budget resolution for fiscal year 2005. The good news is that the conference report includes the same spending restraints passed by both chambers, limiting spending growth to essentially the same as the President's budget-a welcome brake on spending growth. The report also… Read more
Now that both the House and Senate have passed budget resolutions for fiscal year 2005, the budget debate moves into conference. The size of tax cuts, savings from entitlement programs, and an increase in the debt limit are all under consideration, but making sure that the pay-as-you-go (PAYGO) budget enforcement… Read more
Now that both the House and Senate have passed budget resolutions for fiscal year 2005, the budget debate moves into conference. The central concern of conferees has been whether the pay-as-you-go, or PAYGO, budgeting mechanism should apply to tax cuts. If PAYGO on tax cuts were in force, however, the likely result would be massive… Read more
As the new Congress settles in, the House of Representatives prepares to vote on January 12 on a measure to repeal...… Read more
Four years after Democrats campaigned on the promise of using pay-as-you-go budgeting, their record is dismal. Since...… Read more
For the second time in a week, Senate Finance Committee Chairman Max Baucus (D–MT) has called for the suspension of...… Read more
Over the past weekend Steny Hoyer (D-MD), the House Majority Leader, gave one of the most expansive and surprising...… Read more
On February 4, 2010, pushing for passage of her pay-as-you-go (PAYGO) legislation, House Speaker Nancy Pelosi (D-CA)...… Read more
Over the past decade, federal spending has leaped 62 percent faster than inflation, to more than $30,000 per household....… Read more
Liberals are up in arms because Sen. Jim Bunning (R-KY) is blocking a bill that would extend unemployment benefits,...… Read more
Just last week Congress revived PAYGO legislation which is supposed to force legislators to offset any new spending...… Read more
Senate Cloakroom: Analysis: The Senate returns this week after a three-week absence. In the wake of passing an...… Read more
Congress wants America to believe its new promises to control spending even as it reneges on its old promises and...… Read more