WebMemo posted May 13, 2011
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…
Backgrounder posted March 9, 2011
Obama's 2012 Budget Offers More Gimmicks, Not Reform
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…
WebMemo posted February 11, 2011
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
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. This will be the third consecutive year of trillion-dollar deficits.
However, the baseline includes a number…
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.
Things you never Knew about Appropriations by Ernest Istook