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  • A Step Forward, But Long Journey Remains
    Posted in Commentary on July 26, 2011 | Preview rr
    Tags: Economy / Financial

    The Budget Control Act takes an important step in the right direction by cutting $1.2 trillion in government spending over the next decade. Critically, it does this without resorting to Senator Reid’s gimmicks and without imposing the president’s preferred tax increases on American families and the struggling economy. This bill is far from perfect. We still have a long way to go toward getting the key drivers of our debt — especially federal health-care spending — under control. But considering ... Read more

  • Jobs and the Punting of Responsibility
    Posted in Commentary on July 8, 2011 | Preview rr
    Tags: Economy / Financial

    Today’s shocking jobs report represents a modern record of 29 straight months with unemployment above 8 percent, and falls on the 800th day since congressional Democrats have passed a budget. This report is more proof that job creation in America is nowhere near where it needs to be for a strong recovery to occur, and that immediate action is needed to change course. Reports recently issued by the House Budget Committee and the minority staff of the Senate Budget Committee demonstrate that the f... Read more

  • Avoiding the Credit Cliff
    Posted in Commentary on June 22, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    The shadow of an oncoming debt crisis is hindering job growth today and threatening our fiscal and economic future. The latest warning came today from “The Long-Term Budget Outlook,” an annual report from the Congressional Budget Office (CBO) which details the state of the nation’s finances. This year’s news is grim. We are on the verge of leaving the next generation with an unsustainable debt burden and a less prosperous nation. According to economists Kenneth Rogoff and Carmen Reinhart, who ha... Read more

  • Obama's Economic Experiment Has Failed -- Time to Get Back to What Works
    Posted in Commentary on June 13, 2011 | Preview rr
    Tags: Economy / Financial

    A flurry of recent economic news – especially the May jobs report – confirms what many have feared for some time: This president’s leadership deficit has caused a disastrous jobs deficit, and where he has led, his policies have made things worse. The president clearly inherited a difficult fiscal and economic situation when he took office. But his response to the crisis has been woefully inadequate. The president and his party’s leaders have made it their mission to test the hypothesis that more... Read more

  • How Giving Consumers Choice Can Save Health Care
    Posted in Commentary on May 25, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    The failure of politicians in Washington to address the crisis in Medicare is putting the health security of Americans at risk. The U.S. House of Representatives recently passed a budget that advances a plan to save Medicare for today’s senior citizens and strengthen it for future generations. But instead of seeing an opportunity for bipartisan action, President Barack Obama and his party have seized it as a chance to play politics with the health of our nation. The Democrats’ dishonest characte... Read more

  • Paul Ryan's reality check on budget hysteria: GOP plan bolsters the safety net
    Posted in Commentary on May 18, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    The ink wasn't even dry on the proposal when the wailing began. You might be excused for thinking the safety net was being dismantled. One Democratic senator wondered aloud whether the bill would prompt the widespread auctioning of abandoned children into slavery. A senior Democrat in the House of Representatives warned that within two years of enactment, the bill would "put 1.5 million to 2.5 million children into poverty." You remember those criticisms ... you heard them last month when the Ho... Read more

  • Four Pro-Growth Axioms To Avert Shared Scarcity
    Posted in Commentary on May 17, 2011 | Preview rr

    A phrase you hear in Washington a lot these days is “shared sacrifice.” To an alarming degree, the budget debate has degenerated into a game of green-eyeshade arithmetic, with many in Washington demanding that we trade ephemeral spending restraints for large, permanent tax increases. The only winners in that trade are special interests in Washington, with taxpayers and working families taking the hit today, and future generations taking an even harder hit tomorrow. I call it the “shared scarcity... Read more

  • The budget debate we all deserve
    Posted in Commentary on May 15, 2011 | Preview rr

    Despite Washington coming to grips with the fact that the debt threat is real, policymakers still are not having the debate Americans deserve. The talk is too often restricted to "shared sacrifice." This sets up a debate where we are really just arguing over whom to hurt and how best to manage the decline of our nation. It is a framework that accepts permanently higher taxes and bureaucratically determined access to health care as givens. A better name for this approach is "shared scarcity." It ... Read more

  • A budget for the 21st century
    Posted in Commentary on April 14, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    This week the House of Representatives will take the first real step in addressing our looming fiscal crisis by bringing “The Path to Prosperity,” a budget resolution for next year and beyond, to the House floor. This budget offers a clear contrast to the president’s speech on Wednesday. It offers a contrast in credibility. Unlike the president’s speech, which was rhetorically heated but substantively hollow, our budget contains specific solutions for confronting the debt and averting the most p... Read more

  • Charting a path to prosperity
    Posted in Commentary on March 10, 2011 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    When it comes to the generation-defining challenge of our time - the explosive growth of our national debt - the president has failed to lead. His budget proposal doubles the debt, raises taxes by $1.6 trillion and locks in spending at historically high levels. We can do better. The American story is a cherished story of opportunity, made possible because each generation, applying our timeless principles to the challenges of the day, has worked to ensure that the next generation would inherit an... Read more