• CBO: Spending Is Still the Problem May 14, 2013 - Moments ago, the Congressional Budget Office (CBO) provided a fresh reminder of Washington’s out-of-control spending. CBO updated its budget outlook with the following deficit and debt estimates: This year’s budget deficit = $642 billion FY2023 budget deficit = $895 billion Total deficits over the n... More

• The President’s Budget: Bad for Economic Growth and Bad for Jobs April 12, 2013 - In 2010, economists Ken Rogoff and Carmen Reinhart completed a widely cited study that looked at the historical relationship between public debt and GDP growth and inflation in a variety of advanced and developing countries. The study used data from 44 countries and spanned roughly 200 years. It fou... More

• The Facts About the President’s Budget April 11, 2013 - While there is no dispute that the President’s budget request never achieves balance, the President is making a variety of claims about the amount of deficit reduction that would be achieved if Congress adopted his budget request. As the House Budget Committee has explained before, claims about defi... More

• The President’s Plan Takes More to Spend More April 10, 2013 - Their Budget Never Balances—Ever The House budget balances in ten years, but, like Senate Democrats, the White House says their budget never balances—ever. $8.2 Trillion in New Debt Accounting for the cost of eliminating the sequester and removing the budget gimmicks, net deficit reduction is only ... More

• A Contrast in Visions March 15, 2013 - For the first time since 2009, the Senate Budget Committee met in open session and reported a budget resolution. Their effort this past week reveals why they went so long without a budget. Because they refuse to control spending, their budget imposes massive new tax increases on hardworking families... More

• A Debt Crisis in America: What It Might Look Like February 22, 2013 - Key Facts The federal debt today is over $16.5 trillion. That’s larger than the entire U.S. economy. The government’s debt is set to skyrocket in the years ahead. This debt will cause pain for families today and greater hardship when a debt crisis hits. Once lenders lose confidence in the federal g... More

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