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  • Spending is the Problem
    Posted in HBC Publications on December 13, 2012 | Preview rr
    Tags: Economy / Financial

    VIEW AS: PDF JPEG PowerPoint Excel Data President Obama’s most recent budget called for $2 trillion of tax increases on families and job creators. He continues to call for tax increases that are bad for economic growth and bad for jobs. His tax increases won’t expand opportunity for the tens of millions of Americans living in poverty. And as this chart clearly shows, they won’t solve our debt crisis. Spending is the problem. More from Speaker Boehner’s office: http://www.speaker.gov/general/spe... Read more

  • A Renewed Commitment to Opportunity for All
    Posted in Speeches and Statements on December 4, 2012 | Preview rr
    Tags: Economy / Financial

    Thank you, Bob, for that kind introduction. And congratulations to Senator Rubio on receiving this well deserved honor. You’re joining an elite group of past recipients – so far, it’s just me and you. I’ll see you at the reunion dinner – table for two. Know any good diners in Iowa or New Hampshire? I’m sure the press won’t read too much into that. Anyway, thank you all for your kind hospitality – and thank you, Jimmy, for hosting this event. It’s a special honor to address the Kemp Foundation. A... Read more

  • President Obama’s Record on Youth Employment
    Posted in HBC Publications on October 18, 2012 | Preview rr
    Tags: Economy / Financial

    In the 2008 presidential election, President Obama received overwhelming support from young voters. The past four years has produced the following results and prospects for young Americans: Among 16 to 24-year-olds, the unemployment rate is 15.5%. After adjusting for the decline in the labor force participation rate (LFPR), i.e. individuals leaving the labor force, the unemployment rate rises to 20 percent. Student debt now totals nearly $1 trillion dollars, more than all of American credit card... Read more

  • The False Charge of a $5 trillion “tax cut” in the House Republican Budget
    Posted in HBC Publications on October 3, 2012 | Preview rr
    Tags: Economy / Financial

    “You can go on their website, look at Congressman Ryan’s budget. The centerpiece of Governor Romney’s entire economic plan is a new $5 trillion tax cut, a lot of it going to folks like me, a lot of it going to the wealthiest Americans.” – President Barack Obama, August 18, 2012, Rochester, NH. Key Points The House Republican budget proposed revenue neutral tax reform. It did not propose a net tax cut and characterizing the House Republican budget as including a large tax cut is a clear distortio... Read more

  • Summary of OMB Sequester Transparency Act Report
    Posted in HBC Publications on September 14, 2012 | Preview rr
    Tags: Economy / Financial

    On September 14, 2012, over a week after the statutory deadline, the Office of Management and Budget released a report detailing the impacts of the automatic sequester scheduled to take effect on January 2, 2013. The report provides details for the 897 accounts subject to sequester, a description of accounts that are exempt or partially exempt, and the estimated reduction for each account both in nominal terms and as a percentage of budgetary resources subject to sequester. Read full report HERE... Read more

  • The Arithmetic of the President’s $4 Trillion Deficit Reduction Claim
    Posted in HBC Publications on September 7, 2012 | Preview rr
    Tags: Economy / Financial

    Despite claims that the President has a $4 trillion deficit reduction plan, the President’s own budget shows only a $2 trillion reduction in the deficit over 10 years, while the debt increases by $11 trillion. After removing gimmicks and using CBO data, the President’s budget shows only $577 billion in deficit reduction over 10 years. In contrast of the claim of $2.50 in spending reductions for every $1 in tax increases, the President’s own budget actually shows $20 in tax increases for every $... Read more

  • Analyzing the Clinton-Obama 'Arithmetic'
    Posted in In Case You Missed It on September 6, 2012 | Preview rr

    By: Douglas Holtz-Eakin President Clinton’s speech at the Democratic National Convention got rave reviews in some circles. As usual, however, the budget world looks at things differently than the media and political echo chambers. At a time when the fiscal outlook of the federal government is a looming economic threat and, according to the Joint Chiefs of Staff, the No. 1 national-security threat, he disappointingly repeated (with his finger wagging) the claim that “arithmetic” showed that Presi... Read more

  • Wall Street Journal: The $6,400 Myth
    Posted in In Case You Missed It on August 20, 2012 | Preview rr

    One of President Obama's regular attacks on Paul Ryan's Medicare reform is that it would force seniors to pay $6,400 a year more for health care. But merely because he keeps repeating this doesn't mean it's in the same area code of accurate. The claim is based on a now out-of-date Congressional Budget Office estimate of the gap between the cost of health care a decade from now, in 2022, and the size of the House budget's premium-support subsidy for a typical 65-year-old in 2022. In other words, ... Read more

  • National Review: President Obama’s $700 Billion Medicare Problem
    Posted in In Case You Missed It on August 15, 2012 | Preview rr

    By James C. Capretta Governor Mitt Romney’s selection of Representative Paul Ryan as his vice-presidential running mate is revealing on a couple of levels. First, it shows that Governor Romney has a keen eye for talent (which probably explains his success as a CEO). Representative Ryan has become an intellectual leader, perhaps the intellectual leader, of the House GOP, and that didn’t just happen by accident. He worked at it for years, taking countless political risks along the way. To get wher... Read more

  • Ryan And Sessions: 'Unprecedented 1,200 Days' Since Senate Democrats Passed A Budget
    Posted in Press Releases on August 10, 2012 | Preview rr

    WASHINGTON – House Budget Committee Chairman Paul Ryan of Wisconsin and Senate Budget Committee Ranking Member Jeff Sessions of Alabama issued the following joint statement marking the 1,200th day since Senate Democrats have last adopted a budget: “Tomorrow marks another disappointing record for the United States Senate: Senate Majority Leader Reid and his Democrat conference will have gone an unprecedented 1,200 days without adopting a budget plan as required by law. Not only have they failed t... Read more