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

    Read the full report here. Read more

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

    As Americans watch their paychecks stagnate, their jobs disappear, and their savings shrink, Washington continues its relentless expansion of spending, deficits, and debt. Federal outlays are soaring, the deficit just eclipsed the $1-trillion mark, and the Federal debt is on a path to consume resources matching the size of the entire economy. This year, more than half of Federal spending is outside the annual control of Congress, and the non-defense share of the remainder is growing at double-di... Read more

  • The Democrats' $247-Billion Doc Fix Exemption
    Posted in HBC Publications on October 21, 2009 | Preview rr

    In 1997, as part of a bipartisan bill to balance the budget, Congress attempted to control Medicare’s skyrocketing growth through a payment formula known as the sustainable growth rate [SGR]. It has been difficult for Congress to adhere to the resulting reductions in physicians’ payments. In fact, since 2002, Congress has stepped in to delay these cuts from taking place, providing an annual “patch,” which has made the problem worse. In January, absent a change in law, Medicare physician payment... Read more

  • Homeland Security Appropriations - Conference Report
    Posted in HBC Publications on October 15, 2009 | Preview rr
    Tags: Appropriations

    The conference report on fiscal year 2010 Homeland Security appropriations increases discretionary budget authority [BA] by $612 million, or 1.5 percent, above the 2009 enacted level. This figure does not, however, reflect the $2.8 billion this subcommittee received from the “stimulus” bill earlier this year. In addition, the bill contains two violations of the Congressional Budget Act, described below; but the points of order that would lie against the measure will likely be waived by the rule ... Read more

  • Hearing: The Cost of Current Defense Plans: An Analysis of Budget Issues
    Posted in Speeches and Statements on October 14, 2009 | Preview rr

    Thank Chairman Spratt. I’d also like to welcome our witnesses: Stephen Daggett – welcome back; Matthew Goldberg – welcome. We appreciate you being here. I think it’s fair to assume that the chief concerns on most Americans’ minds – and on the minds of this Congress – remain the economy, jobs – and the future of health care. But even as we continue to address these challenges, others are coming to a head. Among them, of course, is how we’re going to handle Afghanistan and Iraq – as well as other ... Read more

  • Agriculture Appropriations - Conference Report
    Posted in HBC Publications on October 7, 2009 | Preview rr

    The conference report on Agriculture appropriations increases discretionary spending by 14 percent ($2.8 billion) compared with the 2009 enacted (scored) level. The measure, H.R. 2997, provides $23.3 billion in new fiscal year 2010 budget authority [BA], and $17.7 billion in outlays. This follows an addition of $26.5 billion in 2009 for the programs funded in this bill in the American Recovery and Reinvestment Act. The legislation – formally the Agriculture, Rural Development, Food and Drug Admi... Read more

  • Continuing Resolution/Legislative Branch Appropriations
    Posted in HBC Publications on September 25, 2009 | Preview rr

    Having failed to send the President even one completed appropriations bill so far this year, Congress nevertheless has made sure to fund itself while other agencies contend with temporary funding in a continuing resolution [CR]. Fiscal year 2010 starts at midnight next week Thursday, and without a CR non-essential government activities would shut down at that point. The measure, brought to the House floor today, is attached to the conference report for Legislative Branch appropriations. Agencies... Read more

  • Medicare Savings for Health Care: Can Congres Stay the Course?
    Posted in HBC Publications on September 18, 2009 | Preview rr

    With the President’s commitment that health care legislation will not increase the deficit, the savings included in any bill must be durable. Because large amounts of the savings proposed come from Medicare, it is useful to review the history of previously enacted Medicare reductions. As it turns out, roughly one-third of the $390 billion in savings enacted in the Balanced Budget Act of 1997 have since been reversed (see Table 1 below) – and with bipartisan support. In addition, Democratic-led C... Read more

  • Bigger Government
    Posted in HBC Publications on September 3, 2009 | Preview rr

    The points discussed in this paper are the following: Government spending, deficits, and debt are at record levels. But another important measure of the size of government is the growth of the Federal bureaucracy. While the private sector continues to contract, the government is expanding. Since enactment of the “stimulus” bill, the private economy has lost 2.3 million jobs, while the Federal Government has added 25,000. These Federal jobs are not temporary positions. Even after excluding defens... Read more

  • Ryan Statement on CBO, OMB Mid-Session Update of Economic and Budgetary Projections
    Posted in Speeches and Statements on August 25, 2009 | Preview rr
    Tags: Economy / Financial

    “Today’s news confirms what we’ve all known: Washington’s spending binge has made a bad situation even worse – driving deficits to unprecedented levels, and plunging our nation deeper in debt.” The Congressional Budget Office and the Administration’s Office of Management and Budget each today released updated economic and budgetary projections. House Budget Committee Ranking Republican Paul Ryan (WI) issued the following statement regarding the reports: “As they’ve made clear in town hall meetin... Read more