RSC Debt Limit Plan: Cut, Cap, and Balance

By: Daniel Horowitz (Diary)  |  May 12th at 08:26 AM  | 

The political world has been waiting with alacrity to hear the details of the GOP demand for raising the debt ceiling. The Republican Study Committee is wasting no time in publicizing their overarching condition for raising the debt ceiling; lowering the spending floor.  You might think of it as the preeminent ‘cap and trade’ program. We have long railed against an incremental approach to the | Read More »

Where This Is Headed

By: Michael Hammond (Diary)  |  March 24th at 11:39 AM  | 

So … where is this whole budget process headed? Let’s review the bidding: Many conservative groups have pushed for -– at the very least -– Republican opposition to any short-or long-term spending bill that does not defund ObamaCare. The Republican leadership balks because they do not want to get the blame for shutting down the government -– which would be shut down for the sole | Read More »