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Spending, Deficit, and Debt Act Legislation
November 3, 2009
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Read the full report here.
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Overview and Summary: The Spending, Deficit, and Debt Control Act of 2009
November 3, 2009
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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 resour...
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The Democrats' $247-Billion Doc Fix Exemption
October 21, 2009
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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, ...
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Homeland Security Appropriations - Conference Report
October 15, 2009
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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 ...
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Hearing: The Cost of Current Defense Plans: An Analysis of Budget Issues
October 14, 2009
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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 t...
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Agriculture Appropriations - Conference Report
October 7, 2009
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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...
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Continuing Resolution/Legislative Branch Appropriations
September 25, 2009
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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 C...
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Medicare Savings for Health Care: Can Congres Stay the Course?
September 18, 2009
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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 ou...
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Bigger Government
September 3, 2009
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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 ena...
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Ryan Statement on CBO, OMB Mid-Session Update of Economic and Budgetary Projections
August 25, 2009
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“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 releas...
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