Why Should We Think Obama is Serious Now?
President Barack Obama urged legislators this week to “seize the moment,” saying that they had “a chance to stabilize America’s finances for a decade, for fifteen or twenty years.” He is reportedly still pushing Republicans for a “big deal” that would include $4 trillion in deficit reduction over the next ten years. But why should we believe that he is serious about cutting spending now? | Read More »
Armey, Kibbe Identify Trillions in Spending Cuts
In a Wall Street Journal op-ed this week former Republican majority leader Dick Armey and FreedomWorks‘ Matt Kibbe lay out a good number of ways to rein in government spending. They point out that since 2007, federal spending has skyrocketed. If Congress returned to spending levels from before Democrats took control of the legislature, it would save hundreds of billions a year according to combined | Read More »
Republicans Should Raise the Debt Ceiling
Newly invigorated with a sense of fiscal conservatism by the rise of the Tea Party, Republican legislators in Congress will be reluctant to raise the nation’s debt ceiling this spring. But they really don’t have a choice. After billions in stimulus spending and bailing out banks and automakers, the Federal Government’s finances are in a dismal state. This fiscal year, the federal deficit is set | Read More »