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  • Ryan: No More Empty Promises
    Posted in In Case You Missed It on March 16, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    In a particularly painful-to-watch moment from The Office, Michael Scott (the hopelessly inept boss played by Steve Carell) must tell an entire class of graduating high-school seniors that he will not be able pay their college tuition — having publicly pledged to do so years earlier in a quixotic fit of benevolence. “I’ve made some empty promises in my life,” Michael confides to the camera. “But hands down that was the most generous.” Needless to say, his classroom confession is poorly received.... Read more

  • Budget concerns from a business owner’s perspective
    Posted in In Case You Missed It on February 17, 2011 | Preview rr

    As a business owner for almost 30 years, I spent my day pinching pennies until they turned into nickels. I understand the responsibility that goes into signing the front of a check, balancing a budget and making tough decisions on where to cut, where to save and where to grow. Sadly, our congressional budget process isn’t as focused as running a business. Many competing interests, agencies and people push and pull to create our government’s priorities. Beyond those competing interests even, Pres... Read more

  • Robbing the future
    Posted in In Case You Missed It on February 16, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    The message the American people continue to receive from President Obama and the Democrats is that more spending, taxing and borrowing are the only ways to grow our economy and create jobs. Yet after two years, our country still suffers with historic unemployment and the highest debt in U.S. history. Not only is our federal debt a clear and present danger to our economy and our security, but many fear that we are heading for a diminished future. On Monday, President Obama unveiled a disappointin... Read more

  • A lesson in "math and economics" from Secretary Geithner
    Posted in In Case You Missed It on February 16, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    At the House Budget Committee, Treasury Secretary Tim Geithner was pressed on President Obama’s claim that a budget that adds $13 trillion to the debt “will not be adding more to the national debt.” House Budget Committee freshman Rep. Reid Ribble asked a simple question of the Treasury Secretary: Does the President's budget add to the debt or not? After struggling to explain the “sustainability” of a budget that continues to add hundreds of billions of dollars to the debt each year, Geithner ad... Read more

  • President Obama's budget kicks the hard choices further down the road
    Posted in In Case You Missed It on February 15, 2011 | Preview rr

    THE PRESIDENT PUNTED. Having been given the chance, the cover and the push by the fiscal commission he created to take bold steps to raise revenue and curb entitlement spending, President Obama, in his fiscal 2012 budget proposal, chose instead to duck. To duck, and to mask some of the ducking with the sort of budgetary gimmicks he once derided. "The fiscal realities we face require hard choices," the president said in his budget message. "A decade of deficits, compounded by the effects of the r... Read more

  • Obama's Budget ducks tough choices
    Posted in In Case You Missed It on February 14, 2011 | Preview rr
    Tags: Economy / Financial

    President Obama likes to talk about those "Sputnik moments" when the nation rises to difficult challenges like the one posed by the Soviet space program in the 1950s. On Monday, he had a chance to turn his federal budget proposal into his own such moment. He whiffed. Obama and his aides boasted that the administration's spending plan would shave $1.1 trillion off anticipated deficits over 10 years. For a Democratic president to propose cuts in programs with strong Democratic constituencies is a ... Read more

  • Republican freshman: Obama budget is a 'joke'
    Posted in In Case You Missed It on February 14, 2011 | Preview rr
    Tags: Taxes, Economy / Financial

    Some Republicans are playing President Barack Obama’s budget as an opportunity missed. The GOP freshmen — sent to Washington to shake things up — are putting it a little more bluntly. “Let me see if I can say this as politically correctly as I can,” Mick Mulvaney, a freshman from South Carolina who has been a public face for the new class on budget issues, said to POLITICO. “I thought it was a joke. It’s hard to explain how detached from reality this is, to think that the country can spend anoth... Read more

  • Congress must embrace budget challenges
    Posted in In Case You Missed It on February 14, 2011 | Preview rr
    Tags: Economy / Financial

    Today, President Obama submitted his budget proposal for FY2012. Now, the American people will be able to see just how serious Mr. Obama is about getting our federal spending under control. From what I can see, we have a long way to go. As a Member of the Budget Committee, my colleagues and I welcome the difficult task of reining in spending and putting this nation back down a path to prosperity. Budget Chairman Ryan has worked diligently to lower spending and craft a budget that is in fidelity ... Read more

  • Budget Committee Hearing Highlights
    Posted in In Case You Missed It on February 9, 2011 | Preview rr
    Tags: Economy / Financial

    WASHINGTON – The House Budget Committee held a hearing today on the state of the U.S. economy. Federal Reserve Chairman Ben Bernanke testified that spending controls and long-term reforms could provide an immediate boost to economic growth and job creation. Chairman Paul Ryan asked Bernanke to sum up his view on the nation’s unsustainable fiscal trajectory and its effect on the economy: RYAN: “To summarize, you do believe that one of the best things we can do for short-term economic growth is to... Read more

  • Budget Committee Hearing Highlights
    Posted in In Case You Missed It on January 26, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    House Budget Committee Witnesses Testify on the Law’s True Budgetary Impact WASHINGTON – The House Budget Committee held a hearing today on the fiscal impact of the Democrats’ new health care law. Key witnesses, including the Obama Administration’s own non-partisan actuary for Medicare, testified that the law’s much-touted savings were unlikely to materialize; that it would drive health care costs higher, not bend them down; and that the new spending entailed by the law would probably be much hi... Read more