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  • Budget Boondoggle Award
    September 22, 2010 - With the end of the failed “recovery summer” – and the President proposing yet another $50-billion “stimulus” – it is worth reviewing one administration economic program touted as a “success.” But even the celebrated “Cash for Clunkers” has been an expensive and bumpy ride for many American consumer... More
  • The Looming Lost Decade
    August 19, 2010 - The Congressional Budget Office [CBO] released its updated budget and economic outlook. Key highlights from the report include: This year’s deficit is estimated to be $1.3 trillion. As a share of the economy, the deficit is 9.1 percent, roughly three times the average of the past 40 years. The debt ... More
  • The Illusions of Pay-GO
    July 29, 2010 - When Democrats claimed the congressional Majority in the 110th Congress, the House Leadership promptly installed a “pay-as-you-go” rule they pledged would ensure “no more deficit spending.” When President Obama signed a pay-as-you-go statute in February this year, he declared: “Now, Congress will ha... More
  • Transportation-HUD Appropriations Bill
    July 28, 2010 - The Transportation and Housing and Urban Development [THUD] appropriations bill for fiscal year 2011 provides $1.3 billion less in budget authority [BA] than the President's request, and $500 million less than the current year. But this apparent "fiscal restraint" comes after a hefty 23-percent incr... More
  • Military Construction/Veterans Affairs Appropriations
    July 27, 2010 - The Military Construction and Veterans Affairs and Related Agencies Appropriations bill (H.R. 5822) provides $146.5 billion in total discretionary and mandatory budget authority [BA] for fiscal year 2011 – a 14-percent increase from the 2010 enacted level – and $150 billion in outlays. Discretionar... More
  • The Dodd-Frank Financial Regulation Bill
    July 2, 2010 - FUTURE TAXPAYER BAILOUTS Vast complications continue to emerge from the over-2,300 page “Dodd-Frank Wall Street Reform and Consumer Protection Act.” It contains layer-upon-layer of new bureaucracy sewn together by complex regulations, but fails to address key problems – such as Fannie Mae and Freddi... More
  • Budget Boondoggle Award
    June 16, 2010 - With the Federal Government already facing $1.5-trillion deficits, $13 trillion in debt, and a workforce swollen by 15 percent, the administration's proposed new $20-million "Office of Livable Communities" is yet another way to squander taxpayer funds B and it wins the latest Budget Boondoggle Award... More
  • A Look at Taxpayer Bailouts:
    June 16, 2010 - GETTING THE FACTS STRAIGHT: TARP’S LINGERING COST In a recent press release, the Treasury Department hailed what it called a “milestone” for the Troubled Asset Relief Program [TARP]: “Repayments to Taxpayers Surpass TARP Funds Outstanding.” The clear implication is that taxpayer funds for TARP have ... More
  • The Democrats' Discretionary Spending
    June 4, 2010 - Since he took office in January 2009, President Obama has signed legislation that resulted in an 4-percent increase in domestic discretionary spending. This brief document summarizes those increases. View full report here. More
  • H.R. 4213, The 'Extenders' Bill: Final Version
    May 28, 2010 - After several iterations of the “extenders” bill, the House today will take a final vote on the ostensibly “trimmed-down” legislation – which still spends $102 billion, more than three times the bill’s magnitude when it passed the House the first time (in December). Further, the most recent modifica... More

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