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  • Play Movie Brian Riedl on the Budget on FBN Video Recorded on May 24, 2011 Brian Riedl on the Budget on FBN

    Brian Riedl discusses the federal budget.…

  • Commentary posted May 18, 2011 by Brian M. Riedl Deficit Reduction Requires Major Entitlement Reform

    Most everyone agrees the federal budget is out of control. Annual budget deficits that averaged $300 billion under President George W. Bush have risen to $1.4 trillion under President Obama. This is not merely a short-term effect of the recession. Continuing today’s spending and tax policies would likely produce annual deficits of nearly $2 trillion within a decade – and…

  • WebMemo posted May 13, 2011 by Brian M. Riedl, Robert E. Moffit, Ph.D., Romina Boccia Ten Myths of Ryan’s House Budget Plan

    Runaway spending and deficits continue to grow unabated in part because any attempts to rein them in are relentlessly demagogued by defenders of big government. The latest example is the budget recently authored by House Budget Committee chairman Paul Ryan (R–WI) and passed by the House of Representatives. Most critics have failed to provide any credible alternative…

  • Commentary posted May 3, 2011 by Brian M. Riedl Myths of Tax Cuts for Rich, Spending Cuts for Poor

    Conventional wisdom becomes dangerous when it contradicts analysis and evidence. On the federal budget, for example, we’re told that the rich are evading their fair share of the tax burden while the poor are seeing their spending slashed. These assumptions have consequences. The president’s deficit commission — which maintains that everything is on the table — left…

  • Commentary posted April 14, 2011 by Brian M. Riedl Where Your Taxes Will Go in 2011

    Taxpayers frantically filing their 1040s - as well as anyone following the spending and deficit debate in Washington - may be asking where exactly their tax dollars are going. Some believe most spending goes to welfare and foreign aid. Others believe defense and corporate welfare dominate the budget. In realty, Social Security and Medicare are the largest programs,…

  • Commentary posted March 29, 2011 by Brian M. Riedl Farm Subsidies are Ripe for Reform

    Lawmakers seeking to rein in the spending spree that has produced staggering $1.4 trillion budget deficits are ignoring one of the ripest sources of potential savings: farm subsidies. Most congressional deficit reduction proposals have been silent on farm subsidies, and the House Agriculture Committee recently released a bipartisan letter pre-emptively warning…

  • Commentary posted March 29, 2011 by Brian M. Riedl Farm Subsidies Ripe for Reform

    Lawmakers seeking to rein in the spending spree that has produced a staggering $1.4 trillion budget deficit are ignoring one of the ripest sources of potential savings: farm subsidies. Most congressional deficit-reduction proposals have been silent on farm subsidies, and the House Agriculture Committee recently released a bipartisan letter pre-emptively warning…

  • Commentary posted March 12, 2011 by Brian M. Riedl The Tax Cuts Did Not Cause the Deficit

    The 2001/2003 tax cuts are blamed for past, present, and future budget deficits. The numbers tell a different story. When the tax cuts were enacted in 2001, the Congressional Budget Office (CBO) forecast a $5.6 trillion surplus between 2002 and 2011. Instead, Washington is set to run a cumulative $6.1 trillion deficit over that period. So what caused this…

  • Backgrounder posted March 9, 2011 by Brian M. Riedl Obama's 2012 Budget Offers More Gimmicks, Not Reform

    Abstract: In his 2012 budget proposal, President Obama uses lofty rhetoric about fiscal realities and hard choices—and proceeds to give the green light to yet more spending, yet higher taxes, and skyrocketing debt. His budget fails to reform uncontrollable entitlements, is overly timid on non-defense discretionary spending, and is loaded with gimmicks and baseless…

  • Play Movie Brian Riedl on the Budget on Bloomberg News Video Recorded on February 25, 2011 Brian Riedl on the Budget on Bloomberg News

    Brian Riedl discusses the upcoming battle over the federal budget.…

  • Commentary posted February 22, 2011 by Brian M. Riedl Obama’s Budget Chooses Gimmicks Over Reform

    In 2009, upon taking office, President Obama promised that his administration would confront difficult challenges and not “kick the can down the road.” In 2010, under pressure to honor this promise, he created a bipartisan deficit commission to address the unsustainable spending growth in programs such as Social Security, Medicare and Medicaid. “This can’t be one of those…

  • WebMemo posted February 11, 2011 by Brian M. Riedl, Emily Goff Additional $47 Billion in Spending Cuts for the Continuing Resolution

    House Republicans are now pledging to reduce fiscal year 2011 discretionary spending to $100 billion below President Obama’s original request. As reported, this new budget proposal would: Unwisely reduce security spending by $16 billion relative to President Obama’s request; and Reduce non-security spending by $84 billion relative to President Obama’s…

  • WebMemo posted January 26, 2011 by Brian M. Riedl New CBO Budget Baseline Reveals Permanent Trillion-Dollar Deficits

    The new Congressional Budget Office (CBO) 10-year budget baseline shows a virtually unprecedented sea of red ink. The report reveals an unprecedented $1.5 trillion deficit in fiscal year (FY) 2011—an increase of $95 billion over their last 2011 estimate.[1] This will be the third consecutive year of trillion-dollar deficits. However, the baseline includes a number…

  • Play Movie Budget & Spending 101 Video Recorded on January 21, 2011 Budget & Spending 101

    Our panel of experts provide an overview to Capitol Hill staff on how to prepare for the coming debt limit increase, the current state of federal spending, a preview of the FY 2012 budget, and recommendations for spending cuts and reforms. Handouts: Things you never Knew about Appropriations by Ernest Istook Current Policy…

  • Commentary posted January 19, 2011 by Brian M. Riedl Four Myths About Spending Cuts

    Federal spending has expanded by $726 billion over the past three years, and now exceeds $30,000 per household. Yet if history is any guide, lawmakers looking to rein in spending and deficits will hear the following four fallacious objections: Myth 1: Large Entitlements Cannot be Reformed. Stale conventional wisdom has long held that the…