161 results for tag: Budget


Congressman: ‘This could be the bill of the century’

A first-term congressman from Georgia is endeavoring to walk back the years of profligate spending in Washington, D.C. with a constitutional amendment that would require Congress to balance the budget within 10 years of ratification. The Daily Signal has the details: “The only way we can control spending in Congress in today’s free-spending era is with a balanced budget constitutional amendment,” said Rep. Barry Loudermilk, R-Ga., in an interview with The Daily Signal. “This could be the bill of the century.” Although there is little reason to expect this effort to end differently due to the high bar required to pass a constitutional ...

Congressman: Cut Congress’ pay every year till budget balanced

Rep. Rod Blum (R-Iowa) is hoping to light a fire under Congress in order to motivate his colleagues to (finally!)  rein in out-of-control spending, having introduced a bill that would cut the pay of members of Congress bit by bit until the federal budget is balanced. The Waterloo-Cedar Falls Courier has the details: “It could use some business sense. A lot of it, actually,” Blum said. Blum is a first-term lawmaker and Dubuque businessman. He hatched the idea to cut congressional pay 5 percent the first year and then 10 percent each year the budget is not balanced after realizing how few penalties for failure he sees in Washington, D.C. ...

Speaker Ryan: ‘The problem with divided government is you can’t get everything you want’

Speaker of the House Paul Ryan in a recent interview with Fox News’ Megyn Kelly said enacting legislation is an uphill battle as Congress doesn’t have the necessary votes to override President Obama’s veto pen and that he is navigating his way through budget legislation leftover from former Speaker John Boehner (R-Ohio). “The problem with divided government is you can’t get everything you want – No. 1. Number two, I inherited this mess from the earlier Congress; everybody kind of knows that this budget bill was done basically before I became speaker four months ago. The Daily Signal has the details: Though Republicans control both ...

Speaker of the House: President Obama’s budget ‘progressive manual for growing the federal government’

President Obama Tuesday sent his final budget to members of Congress, some of whom used choice words to describe the proposal. Fox News has the details: It didn’t take Republicans long to respond to President Obama’s record $4.1 trillion budget proposal – labeling it “a progressive manual for growing the federal government at the expense of hardworking Americans," as House Speaker Paul Ryan put it. The fiscal 2017 budget plan, Obama’s eighth and final spending blueprint, is being met with a dead-on-arrival mentality on Capitol Hill after it was released late Tuesday morning. As the president proposes a raft of new taxes, though, ...

Legislative expert: ‘Federal Medicaid funding to the states is unsustainable’

Heritage Foundation Director of the Center for Health Policy Studies Nina Owcharenko says entitlement spending like Medicaid and Social Security is driving up our national debt in a way we as a nation cannot maintain – and that states would do well to reject federal Obamacare subsidies intended to expand state Medicaid programs. The Daily Signal has the details: Medicaid, along with the other health care entitlement programs, is a major driver of our country’s fiscal crisis. The Congressional Budget Office just released its annual economic forecast for the country, warning that federal deficits are rising and revising its Medicaid spending ...

Conservatives gather to talk budget strategy for 2016

House conservatives gathered Thursday in Middleburg, Virginia to hash out plans for the upcoming budget debate and to outline priorities for the new year. Huffington Post has the details: Roughly two dozen House conservatives met at the Salamander Resort and Spa in Middleburg, Virginia, for the Heritage Foundation's annual Conservative Member Retreat. And while members in attendance reported that there were no definitive decisions on how they'll move forward with the budget, it's clear there are some potential vote issues with the spending blueprint. Members don't have any firm demands yet, but a number of conservatives both in and outside of ...

House Budget Committee Chairman: Medicaid, Social Security should be subject to reviews the way discretionary spending is

House Budget Committee Chairman Tom Price says the process of reaching consensus every year on the federal budget needs to be overhauled and that includes opening up mandatory spending to more scrutiny and possibly even the chopping block. McClatchyDC has the story: Part of the problem, Price said, is that non-defense mandatory spending for programs such as Medicare, Medicaid and Social Security – which were one-third of the federal budget just 40 years ago – now account for more than 60 percent and will one day reach 75 percent. “The slice of the pie that we control on the discretionary side, the appropriation process, gets smaller and ...

CBO: Medicaid, Social Security expected to balloon budget deficit over next decade

The Congressional Budget Office predicts the budget deficit will continue to grow over the next 10 years as the elderly retire and seek more medical care. Meanwhile, budget expenditures this year already exceed expenditures from this time last year. ABC News has the details: Economists at JPMorgan Chase are predicting that the deficit for this budget year will total $425 billion. The Congressional Budget Office, which will update its forecast later this month, had predicted in August that the deficit this year would shrink even more to $414 billion but then begin rising for the rest of the decade and will top $1 trillion again by 2025. The ...

Members of House Freedom Caucus threaten budget showdown over president’s unilateral gun-control move

Several Members of the House Freedom Caucus are threatening to slash funding in an effort to derail President Obama's unilateral executive actions on gun control. Via The Washington Post: Leading Republicans on the House Appropriations Committee and from the party’s conservative wing vowed to use the appropriations process to block Obama’s executive actions and deny the president the necessary funding to implement some of his proposals. “What the president has done is unconstitutional and any action Congress can take, we should, including appropriations,” said Rep. Ken Buck (R-Colo.) a member of the House’s Freedom Caucus ...  ...

Find out which senators voted for the disastrous $1.1 trillion omnibus spending bill

Congress will reconvene in 2016 after passing a behemoth omnibus spending package to keep the government funded. But conservatives are not happy another bill spending more than $1 TRILLION was passed by a GOP Congress that promised to rein in spending. The Daily Signal has the details on which senators voted for the bill: Twenty-six Republican senators, along with one independent and six Democrats, voted against the government spending bill. Sens. Marco Rubio, R-Fla., and Barbara Boxer, D-Calif., did not cast votes. Here is a list of senators and how they voted: It’s time for our leaders to stay true to their campaign promises and to ...