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  • Senate Democrats’ Legal – And Moral – Abdication of Leadership
    Posted in HBC Publications on July 8, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Today marks the 800th day that Senate Democrats last thought the federal government needed a budget. Senate Budget Committee Republicans put together a helpful timeline that documents this reckless budget failure. As House Budget Committee Chairman Paul Ryan and Senate Budget Committee Ranking Member Jeff Sessions made clear earlier today: “The United States Congress has a moral — and legal — obligation to propose and pass budgets that tackle our generation’s greatest challenge. Allowing 800 da... Read more

  • The Debt Overhang and the U.S. Jobs Malaise
    Posted in HBC Publications on July 7, 2011 | Preview rr
    Tags: Economy / Financial

    Nothing is more critical to today’s economy than restoring real job and business growth. Yet for almost three years, the U.S. economy has remained mired in a slow-growth, high-unemployment trap. The so-called “recovery” feels more like a malaise than a rebound. The incoming data in recent weeks paint a disappointing picture: job growth slowed dramatically in May while the unemployment rate ticked back up to 9.1 percent, consumer and business confidence has slipped, and the overall economy is on ... Read more

  • Budget Boondoggle Award
    The Train to Nowhere

    Posted in HBC Publications on June 15, 2011 | Preview rr
    Tags: Transportation

    Prompted by an influx of Federal “stimulus” funds, the State of California has committed to match Washington’s cash and spend $5.5 billion for an initial high-speed rail segment joining two towns in the sparsely populated Central Valley region – despite major uncertainties about the line’s viability and long-term funding prospects. The project, which The Washington Post editorial board labeled the “train to nowhere,”[1] has earned the House Budget Committee’s latest Boondoggle Award. The line is... Read more

  • A Campaign Built on a Foundation of Falsehoods & Fear
    Posted in HBC Publications on June 1, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    In a web video last week, House Budget Committee Chairman Paul Ryan made clear: “Washington has not been honest with you about Medicare.” Nonpartisan, independent fact checkers agree. The President and his party’s leaders continue to use blatant falsehoods in attacking the House Republicans’ plan to protect and save Medicare. Rep. Debbie Wasserman Schultz, the new chairwoman of the Democratic National Committee, is the latest leading Democrat to distort and demagogue the only plan put forward th... Read more

  • Deficits and Baselines: The President’s Budget and The Republican Budget
    Posted in HBC Publications on May 24, 2011 | Preview rr
    Tags: Economy / Financial

    Since last December, when the President’s Fiscal Commission proposed roughly $4 trillion in deficit reduction, the figure has become a kind of de facto standard for measuring subsequent budgets; and in the past several months, House Republicans and the President have introduced fiscal plans that claim to meet or exceed that target. To assess whether the proposals are truly comparable, it is necessary to establish a common and impartial yardstick – a “baseline” – against which to measure them. Bu... Read more

  • The Path to Prosperity PRESERVES the Medicare Guarantee
    Posted in HBC Publications on May 24, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    The Path to Prosperity makes no changes to Medicare for those 55 and older, guaranteeing they will receive coverage when they become eligible. But I am younger than 55 – do your reforms mean I am no longer guaranteed Medicare? No. In fact, the opposite is true. The Path to Prosperity protects and preserves the Medicare guarantee not only for current beneficiaries, but for future generations as well. Beginning in 2022, beneficiaries are guaranteed a choice among Medicare-approved private health ... Read more

  • The Path to Prosperity Builds on the Success of the Fiscal Commission
    Posted in HBC Publications on April 12, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial , Education , Energy

    Fiscal Commission Co-Chair Erskine Bowles: President Obama’s Budget goes “nowhere near where they will have to go to resolve our fiscal nightmare” (February 14, 2011 - http://www.washingtonpost.com/wp-dyn/content/article/2011/02/13/AR2011021302969.html) Fiscal Commission Co-Chairs Erskine Bowles and Alan Simpson: “The budget released this morning by House Budget Committee Chairman Paul Ryan is a serious, honest, straightforward approach to addressing our nation’s enormous fiscal challenges. We a... Read more

  • More Spending, Taxes, and Debt
    Posted in HBC Publications on February 15, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Having repeatedly acknowledged the gravity of the Federal Government’s fiscal outlook, the President seems to have ignored his own rhetoric: he has submitted a budget that extends a pattern of record spending, chased by ever high taxes that still fail to catch up with his ambitions. His budget makes no serious attempt to address the rapid growth of spending that threatens to smother the U.S. economy. Facing the Nation’s greatest domestic challenge, the President opted to punt rather than lead. H... Read more

  • The President's Budget Spends, Taxes, and Borrows Too Much - Stifling Job Growth Today and Threatening our Economic Future
    Posted in HBC Publications on February 14, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    In challenging times, a chief executive must lead. But President Obama has failed to confront the fiscal and economic challenges before us. Instead, he continues down the same unsustainable path: growing the government, weakening the economy, and increasing the burden of debt on each and every American. Spends Too Much: $8.7 Trillion In New Spending Despite this year’s $1.6 trillion deficit, the President still refuses to change course and reduce spending. Under his budget, the size of governmen... Read more

  • Fact Sheet: Interim Spending and Revenue Committee Allocations and Budget Aggregates
    Posted in HBC Publications on February 11, 2011 | Preview rr
    Tags: Appropriations, Economy / Financial

    Pursuant to House Rules H.Res. 5 and H. Res. 38, the Budget Committee Chairman will file today interim committee allocations and budget aggregates to set levels for budget authority (BA), outlays and revenues for FY 2011 and for the 5-year period covering FY 2011 – FY 2015. As previously announced, the Chairman will file authorizing committee allocations and budget aggregates that are based on CBO’s January 2011 baseline. Under H.Res. 5, the Chairman of the Budget Committee is authorized to mak... Read more