Posts Tagged ‘budget’
Financial expert: Entitlement spending by 2019 will eclipse tax revenue
The U.S. is experiencing one of the longest economic recoveries since the 1960s and could be teetering on recession, as interest on our debts continue to accrue and as entitlement spending continues to balloon over the next three years. Forbes has the commentary: The weakest recovery in modern history has stretched on for 69 months……
Read MoreCoalition asking lawmakers to implement special budget that would cap, track costly federal regulations
Numerous free-market groups together are leading the charge to urge Congress to include in its 2017 budget a special regulatory budget that would cap, track and disclose pricey federal regulatory laws. The Washington Times has the details: Big government is getting big criticism. A coalition of 15 free market groups say that stifling and potentially…
Read MoreLetter to the editor: ‘The borrowing ability of our government will run out’
The national debt today stands at $19.2 trillion – a figure that should alarm any parent or member of Congress, according to one concerned citizen from Moorestown, New Jersey. The Courier-Post Online has the details: If you personally had to borrow the money and make your children pay for 26 weeks or more of payments…
Read MoreCongressman: ‘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…
Read MoreCongressman: 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…
Read MoreSpeaker 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…
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