Key Takeaways: The federal contribution of money going to states is growing. States are more reliant than ever on borrowed money that taxpayers will have to pay for. Federal funds contributing to health care is growing exponentially. Federal Spending Going to State and Local Governments Have Increased According to the White House Office of Management and Budget (OMB), spending going to state and local governments has risen significantly. Over the last decade, the federal … Continue Reading

August 02, 2023

U.S. Debt Credit Rating Downgraded, Only Second Time In Nation’s History

Topline: On August 1, 2023, Fitch Ratings, one of only three private credit rating firms, downgraded its U.S. credit rating from AAA to AA+. They say what Republicans have been repeatedly warning our colleagues: Spending and debt is unsustainable; interest costs are out of control; inflation and interest rate hikes have weakened our economy; we will be in recession by the end of the year; the fiscal outlook only gets worse; our debt-to-GDP has hurt U.S.’s ability to … Continue Reading

May 31, 2023

H.R. 3746, THE FISCAL RESPONSIBILITY ACT OF 2023: Frequently Asked Questions

I. DEFICIT REDUCTION QUESTION: Is this the largest deficit reducing bill in history? ANSWER: Yes. The previous record is the Budget Control Act of 2011 which, including lower interest costs, was scored by CBO as reducing the deficit by $2.117 trillion over ten years. This legislation reduces deficits by a total of $2.13 trillion, resulting from: $1.3 trillion savings over ten years from the fiscal years 2024 and 2025 discretionary spending caps. $553 … Continue Reading

May 31, 2023

Largest Rescissions Package in History

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May 11, 2023

Improper Payments

The federal bureaucracy repeatedly treats taxpayer dollars with disdain, wasting hundreds of billions each year on improper payments with no accountability. Too often, success in government programs is measured by how many people are served and how quickly money is spent. This incentive structure leads to widespread failures in verifying people’s identities and eligibility for government programs. While these failures cost taxpayers hundreds of billions of dollars per year, there … Continue Reading

May 03, 2023

Historic, Skyrocketing Inflation and the Interest Rate Hikes That Followed

Decidedly inspired by the ethos espoused by President Obama’s former Chief of Staff, Rahm Emanuel, Democrats did not let our nation’s deadly public health emergency “go to waste.” Thanks to coordinated effort spearheaded by President Biden, Congressional Democrats preyed on a country still reeling from COVID lockdowns and widespread uncertainty to insert costly, one-size-fits-all policies into the homes and businesses practices of Americans across the country. … Continue Reading

April 04, 2023

A Growing Culture of Government Dependency

Growing Government Spending on Transfer Payments (Welfare, Medicaid, Medicare, Social Security, Disability Insurance, Unemployment Insurance, and other programs) The federal government spent a total of $4.1 trillion on transfer payments to individuals in FY 2022. This was 65 percent of the entire budget, absorbed 83 percent of all tax receipts, and equivalent to 16.3 percent of GDP. By comparison, the government spent $2.8 trillion on these programs in 2019, 62 … Continue Reading

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Staff Working Papers

The Strengthening Administrative PayGo Act of 2024

SAP Act Bill Text

Counting the Cost of: Biden's Executive Actions

H.R. 7032, The Congressional Budget Office Data Sharing Act

Biden's Student Loan Scheme

FY23 Improper Payments

Understanding Administrative PAYGO

Looking at the Numbers: Biden’s Big Government