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  • Budget Year-End Review
    Posted in HBC Publications on December 18, 2009 | Preview rr
    Tags: Taxes, Economy / Financial

    While the Senate struggles to jam through a new $1-trillion-or-so Federal health care entitlement, it is important to not lose sight of the cumulative budget impact of the President’s entire first year. The President and the Democratic-controlled Congress have undertaken a breathtaking expansion of government – into the health care, financial and energy sectors, among others. With control of both Congress and the White House, the Democrats have passed legislation that will boost spending by over... Read more

  • Defense Appropriations: Saving the Most Important for Last
    Posted in HBC Publications on December 16, 2009 | Preview rr

    The most important responsibility of the Federal Government is ensuring the Nation’s security. Yet the House delayed the Defense appropriations bill until nearly 3 months after the start of the fiscal year – even as the President is sending 30,000 more troops into harm’s way. The Defense bill – the twelfth and final appropriations conference report to be brought to the floor – provides $636.4 billion in discretionary budget authority [BA] primarily to the Department of Defense [DoD], including $... Read more

  • More 'Stimulus,' Debt, and Stopgap Spending
    Posted in HBC Publications on December 16, 2009 | Preview rr

    The House is expected to stagger out of town late today after jamming through a monstrous jumble of costly bills, including a third “continuing resolution,” and a $290-billion increase in the debt ceiling – to $12.4 trillion – as well as another “stimulus” bill that shovels more money onto the failed $787-billion measure enacted earlier this year. Also on the schedule is the Defense appropriations bill, the last of the 12 annual spending bills, with an increase one-third that given to total nond... Read more

  • Omnibus Appropriations: A 12-Percent Increase for Congress's Still-Unfinished Business
    Posted in HBC Publications on December 10, 2009 | Preview rr

    The fiscal year 2010 omnibus spending bill increases discretionary spending by a 12 percent for the six appropriations measures it binds together. In total, the legislation – H.R. 3288 – provides $447 billion in budget authority, an increase of $48 billion from fiscal year 2009. This funding includes $445.3 billion in regular non-emergency spending as well as $1.5 billion in funding designated for overseas contingencies and the global war against terrorism. In addition to this double-digit incre... Read more

  • TARP: A New Slush Fund for Washington
    Posted in HBC Publications on December 8, 2009 | Preview rr

    The President today announced his intention to tap billions of dollars in Troubled Asset Relief Program [TARP] funds to justify additional economic “stimulus” spending. This is the latest version of the administration’s exploitation of TARP for purposes other than stabilizing financial markets; and it ignores taxpayer protections built into the law that ensured TARP funds would be repaid to the Treasury and not used to increase spending, deficits, and debt. Earlier this year, the administration... Read more

  • CBO: Health Care Legislation Increases the Deficit
    Posted in HBC Publications on November 19, 2009 | Preview rr

    The House Democrats’ health care legislation will increase the budget deficit by $89 billion over the next 10 years, and would continue increasing thereafter, according to figures released today by the Congressional Budget Office [CBO] – a finding that directly contradicts the Democrats’ claims of deficit reduction. CBO’s analysis counts all Federal health costs – including a Medicare payment increase to physicians known as the “doc fix” – which House Democrats removed from their health care bil... Read more

  • The Majority's $279-Billion 'Doc Fix' Shell Game
    Posted in HBC Publications on November 7, 2009 | Preview rr

    The Democrats’ tactic for bringing health care legislation to the floor is a transparent attempt to gain credit for a Medicare reimbursement increase doctors want, while hiding its $279-billion cost. They have crafted a rule that lets them have it both ways: they can claim support for the doctors’ payment hike as part of their overall health care plan, but at the same time pretend its cost is a separate matter. The Budget Committee’s Ranking Republican has requested a Congressional Budget Office... Read more

  • The House Health Care Bill
    Posted in HBC Publications on November 3, 2009 | Preview rr

    The 1,990-page Democratic health care bill, expected to reach the House floor this week, suffers all the predictable failings that result from its true intent: to initiate a central government takeover of the health sector – one-sixth of the U.S. economy and one of the most valued and personal services Americans have. The bill is a costly behemoth that does the following: Launches a government takeover of health care that inevitably will increase costs, force rationing of medical care, or both. ... Read more

  • Fact Sheet: The Spending, Deficit, and Debt Control Act of 2009
    Posted in HBC Publications on November 3, 2009 | Preview rr

    A Legally Binding Federal Budget Gives the budget the force of law by converting it from a concurrent to a joint resolution, which requires the President’s signature. Emergency reforms. Requires the President and Congress to budget for emergency spending by establishing budget reserves (“rainy day” fund) for emergency requirements. Enforces budget limits through sequesters (automatic spending cuts) and two-thirds ‘supermajority’ points of order. Sequesters. Broadens the base of programs subject ... Read more

  • Spending, Deficit, and Debt Act Legislation
    Posted in HBC Publications on November 3, 2009 | Preview rr

    Read the full report here. Read more