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  • The President’s Plan Takes More to Spend More
    Posted in HBC Publications on April 10, 2013 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    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 $119 billion. Additional deficit increase in FY2013: $61 billion Total U.S. debt in 2023: $25.4 trillion Debt increase per household: $60,980 Interest payments on the debt in 2023: $763 billion Defici... Read more

  • A Contrast in Visions
    Posted in HBC Publications on March 15, 2013 | Preview rr
    Tags: Economy / Financial , FY 2014 House Budget

    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. Despite all the talk of taking a “balanced approach” to the budget, Senate Democrats concede that the federal budget would never balance, ever. This brief summarizes the key differences between the ... Read more

  • A Debt Crisis in America: What It Might Look Like
    Posted in HBC Publications on February 22, 2013 | Preview rr
    Tags: Economy / Financial

    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 government’s ability to pay its bills, a debt crisis will follow. As a result, the cost of borrowing—for government and families—will increase, making it harder to make ends meet. Instead of gradual, s... Read more