Home news

News List

Browse Documents
by Date or Issue:
  • Ryan Statement on Earmark Moratorium
    Posted in Press Releases on October 13, 2010 | Preview rr

    WASHINGTON – House Budget Committee Ranking Member Paul Ryan (WI-01) issued the following statement in support of House Minority Whip Eric Cantor’s continued efforts to combat Washington’s pork-barrel spending: “Earlier this year, House Republicans stood on principle with a self-imposed earmark moratorium to help combat Washington’s pervasive culture of spending. I stand in strong support of Republican Whip Eric Cantor’s call for an extension and expansion of this moratorium. House Republicans r... Read more

  • The Bipartisan Case for Entitlement Reform
    Posted in HBC Publications on October 13, 2010 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    Political observers often refer to Social Security and Medicare as the “third rails” of politics: touch them and you die. This year is no exception. Once again, the political rhetoric has been dialed up to attack those advocating reforms to save these programs. Despite these politically motivated attacks, there is a broad consensus on the need for reform among non-partisan experts responsible for analyzing the financial condition of these programs. Consider the following: The non-partisan Social... Read more

  • The Continuing Resolution for Fiscal Year 2011
    Posted in HBC Publications on October 8, 2010 | Preview rr

    On 30 September 2010, President Obama signed a continuing resolution [CR] (Public Law 111-242), a stopgap measure to provide temporary funding for Federal agencies through 3 December 2010. Although its total spending is roughly the same as the past year’s, the CR exploits two already-scheduled spending declines to boost funding in other favored areas. Consequently, its bottom line is actually $8.4 billion higher than if Congress had simply frozen funding agency by agency. (Most of the spending i... Read more

  • Social Security: The Draconian Do-Nothing Plan
    Posted in HBC Publications on October 7, 2010 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    Social Security helps fulfill the promise of retirement security for millions of America’s seniors. Serving a critical component of the “three-legged stool” for retirement (along with personal investments and employer pensions), Social Security is in dire need of reform in order to make good on the promises made to current and future beneficiaries. Social Security’s own actuaries continue to warn of its unsustainable growth, with a $5.4 trillion unfunded liability and cash deficits that will soo... Read more

  • Fed Chairman Ben Bernanke on the Urgent Need to Tackle the Debt Threat
    Posted in In Case You Missed It on October 5, 2010 | Preview rr

    Leading economic and fiscal experts continue to call for serious entitlement reform to avert the explosion in debt and the shredding of the social safety net. In a speech delivered in Rhode Island last night, Federal Reserve Chairman Ben Bernanke issued a clear warning for policymakers to fix Washington’s fiscal mess, noting the severe economic consequences if we fail to act. The following are highlights from Bernanke’s speech: SEVERING HISTORIC LEGACY OF LEAVING NEXT GENERATION WITH A STRONGER,... Read more

  • Paul Ryan: Fiscal Year Ends in Fiscal Failure
    Posted in Press Releases on September 30, 2010 | Preview rr
    Tags: Economy / Financial

    WASHINGTON – House Budget Committee Ranking Member Paul Ryan (WI-01) issued the following statement after House Democrats’ passed a short-term stop-gap spending bill to fund the Federal government, failing to complete any of the 12 annual Appropriations bills, failing to pass a budget resolution, failing to take action to stop the looming tax hikes: “The fiscal year will end much as it began, with Congress exacerbating our unsustainable budget trajectory. Consumed with their reckless borrowing a... Read more

  • The Budget Record of the 111th Congress
    Posted in HBC Publications on September 29, 2010 | Preview rr
    Tags: Taxes, Economy / Financial

    After 21 months of controlling both the White House and Congress, here is what the Democrats have done: Failed to Support Jobs and Economic Growth. More than a year-and-a-half after adoption of the $814-billion “stimulus,” job creation remains anemic and economic growth is slowing. Increased Spending, Taxes, Deficits, and Debt. With their relentless expansion of government, the President and Congress have increased Federal spending by $2.1 trillion. The President’s budget produces unsustainable ... Read more

  • Paul Ryan: Pledge Marks Critical Step toward Getting America Back To Work and Back on Track
    Posted in Press Releases on September 23, 2010 | Preview rr

    WASHINGTON – House Budget Committee Ranking Republican Paul Ryan (WI-01) issued the following statement upon joining the House Republicans’ Pledge to America – a principled governing agenda with policy solutions to help spur job creation, cut government spending and reform government: “I stand in strong support of the House Republicans’ Pledge to America. We don't need to reinvent America; we need to reclaim it. We need to get the fundamentals right for sustained economic growth and job creation... Read more

  • The Impact of Looming Tax Increases
    Posted in HBC Publications on September 23, 2010 | Preview rr
    Tags: Taxes, Economy / Financial

    With a huge tax increase scheduled to begin in January, the debate has been turned upside down, distorting the picture of what is at stake – especially in light of the unprecedented deficits burdening the Federal budget. The way the subject is framed has created a bias toward higher taxes, and has clouded the critical issue of how to maintain a climate favoring needed economic and job growth. To understand the subject properly, the following points are critical: Higher Taxes Stifle Growth. Highe... Read more

  • The Small Business Jobs and Credit Act
    Posted in HBC Publications on September 22, 2010 | Preview rr
    Tags: Taxes, Economy / Financial

    As small businesses grapple with a sluggish economy, a 9.6-percent unemployment rate, mounting costs from the recently passed health care legislation, and tax hikes that could arrive on New Year’s Day, the administration and Congressional Majority have conjured what they consider a solution: a bill with more government spending. This time they are creating a new $30-billion small-business loan fund, expanding the size and scope of lending by the Small Business Administration, and providing tempo... Read more