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  • Strengthening Health and Retirement Security: A Call To Action
    February 28, 2012 - The House Budget Committee held a hearing today on the critical need to save and strengthen Medicare and Social Security. In revealing testimony, Richard Foster, Chief Actuary of the Centers for Medicare and Medicaid Services, and Stephen Goss, Chief Actuary of the Social Security Administration, pr... More
  • House Budget Committee Hearing: Strengthening Health and Retirement Security
    February 28, 2012 - Welcome to today’s important hearing examining the structural challenges facing the federal government’s major health and retirement security programs. We welcome back to the Committee the two foremost experts on the financial crunch facing Medicare and Social Security: the chief actuaries of each p... More
  • Analysis of the President’s Budget for FY2013
    February 24, 2012 - KEY POINTS The President’s budget spends too much – a net spending increase of $1.5 trillion above current projections. The President’s budget taxes too much – a net tax increase of $1.9 trillion above current projections. The President’s budget borrows too much: It adds over $11 trillion to the na... More
  • Obama’s dereliction of duty
    February 16, 2012 - President Obama has delivered the last budget of his term. Three of the four, including this one, were submitted late, shattering the previous record for an administration. Each of the four proposed more than $1 trillion in higher taxes on hard-working families and businesses, along with trillions i... More
  • House Budget Committee Hearing: The President’s Fiscal Year 2013 Revenue and Economic Policy Proposals
    February 16, 2012 - Welcome all, to this important hearing. I’d like to thank Secretary Geithner for joining us. This is your second hearing today and your fourth this week. We know that defending this budget is no easy task, so we appreciate your time. Mr. Secretary, it’s pretty well known that one of your favorite sa... More
  • House Budget Committee Hearing on the President’s FY2013 Budget
    February 15, 2012 - Welcome all, to this important hearing. I’d like to thank our witness today, Mr. Zients, for coming to us under difficult circumstances. With the departure of Mr. Lew from OMB just last month, we understand that you are testifying on short notice, and we recognize the difficulty of that. And unfortu... More
  • President's Budget Charts Path to Debt and Decline
    February 13, 2012 - The President has not merely ducked from our fiscal and economic challenges, but—with his fourth straight budget flop—he has advanced policies that dangerously accelerate the crisis before us. His gimmick-filled budget fails to reduce the fast-rising debt, permanently entrenches unsustainable levels... More
  • Ryan: President’s Budget Ensures Debt Crisis and Decline
    February 13, 2012 - WASHINGTON – Earlier today, President Obama introduced his Fiscal Year 2013 budget request, calling for record levels of spending increases, tax hikes, and debt. The President’s budget breaks his promise to cut the deficit in half by the end of his first term, and it breaks his obligation to all Ame... More
  • Associated Press: Obama's budget: Government still getting bigger
    February 13, 2012 - By Andrew Taylor Associated Press Taking a pass on reining in government growth, President Obama unveiled a record $3.8 trillion election-year budget plan Monday, calling for stimulus-style spending on roads and schools and tax hikes on the wealthy to help pay the costs. The ideas landed with a thud... More
  • FACT CHECK: Jack Lew's Sunday Show Tour of Dodge & Deception
    February 12, 2012 - In advance of the release of the President’s FY2013 budget request, White House Chief of Staff Jack Lew revealed a stunning deception with respect to the budget process. When asked why the Democrat-controlled Senate has failed to pass a budget for over 1,000 days, Lew – the President’s former budget... More