Posts Tagged ‘budget’
Out-of-control spending off Democrats’ radar
Despite a national debt that keeps soaring, Democratic presidential contenders are proposing plans that would increase our national debt instead of shrinking it. Fox Business reports: Almost a decade after out-of-control spending and borrowing fueled the Tea Party revolution in a historic midterm election, no major presidential candidates from either party seem interested in the…
Read MoreWill Republicans Fight For Their Voters? Or Will They Cave?
By Jenny Beth Martin There is a conservative majority that voted to put Republicans in power. When the act of voting is divorced from the conduct of governing, voters begin to ask, what is the point of voting? These conservative voters gave Republicans control of a unified government – at least in name…but the policies…
Read MoreReport: Congress needs to close $10 billion gap in government spending
The government is spending so far past its budget limits that Congress is about to encounter a record gap. New projections show that the government is on track to spend $10 billion more next year to continue current government operations without changes, according to the Congressional Budget Office. The report means that Congress will have…
Read MoreEconomic-policy expert: Financial crisis inevitable the longer Congress waits to address entitlement spending
So-called “autopilot” congressional spending – e.g., spending that Congress isn’t allowed to take its red pen to and eliminate from the budget, like food stamps, Medicare, Medicaid, social security – will soon become the bulk of the federal budget, leaving little room for discretionary spending like national defense. The Daily Signal has the scoop: Autopilot…
Read MoreStudy: These social-security benefits are going to run dry in two decades
It’s no surprise social security is in trouble but the severity of the situation can’t be stressed enough: The well that is social security benefits – specifically, old-age, survivors’ and social-security disability insurance benefits – is going to run dry within two decades if Congress doesn’t step in and take action. The Daily Signal has…
Read MoreICYMI: Congress could learn a lesson in financial stewardship from this Tennessee teen with a heart of gold
Tennessee teen Kevuntez King from age twelve to age nineteen worked selling newspapers so he could go to college without borrowing a dime in student loans – and so his single mother wouldn’t have to dip into her own purse. Congressional officials would do well to take some cues from this young man. Fox-affiliate Q13…
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