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Budget & Spending Legislative Alerts
By Jason Hughey In 2008, President Obama promised us “hope and change.” He proceeded to intervene in the economy in ways remarkably similar to past presidents. Now, in 2013, President Obama promises to move us “forward” with more drastic and flawed interventions. To put it simply, by taking up the mantle of economic intervention, President [...]
President Obama is misguided and disingenuous with his plan to reduce the deficit. During a recent interview, he told the American people that there is “no doubt” that the government needs more revenue to reduce the deficit. The President very carefully avoided talking about where this new revenue might come from and instead vaguely suggested that it may come from eliminating unspecified tax “loopholes and deductions.” Obama likes to pay lip service to reducing the deficit, but has yet to do or propose any meaningful action that would accomplish that goal. He has offered no specifics on where the government would get this money, he already raised taxes in the fiscal cliff bill, and his premise is flat out wrong–the only way to meaningfully reduce the deficit is to cut spending.
By Jason Hughey In 2011, Congress passed the Budget Control Act (BCA). This legislation raised the debt ceiling by $2.4 trillion and only one and a half years later, the federal government has already spent all of that $2.4 trillion and more. The legislation also included some “spending cuts” according to many commentators on the [...]
By Christine Harbin President Obama missed an important deadline today. He failed to submit his FY2014 budget to Congress, even though he is legally required to do so. This is the fourth time in five years that President Obama has failed to produce a budget on time, even though he is required to do so [...]
The fiscal cliff deal included a short-term Farm Bill extension. Here's an update on what that means.