Bankrupting America : A project of Public Notice

Reuters says the president wants the Senate to make cuts to its farm bill. The Associated Press and Politico look at the Senate’s overall deliberations on the bill.

On May 14, the Government Accountability Office (GAO) released its 2013 annual report on reducing overlap and duplication in government agencies. The yearly report identified 31 new areas where agencies could achieve higher cost savings and effectiveness.

After months of advocating for a “balanced approach” to our debt and deficits, it seems like the administration is pulling a 180 on the debt ceiling.

Bankrupting America, a project of Public Notice, today launched a Debt Ceiling Resource Center to provide facts and the latest news and developments as Congress debates increasing the nation’s debt ceiling this summer.

On Friday, the Congressional Budget Office released its score of President Obama’s budget. According to the CBO, the budget raises $6 in tax for every $1 in spending cuts.

A drink limit at a party prevents dangerous driving, and a debt limit prevents an unhealthy economy. So why then in the last 10 years have we raised the debt ceiling 13 times and added on more than $10 trillion in debt?

What is the debt ceiling and why does it matter?

Lawmakers in Washington are gearing up for another debt ceiling debate this month when the suspension on the statutory debt limit expires on May 19.

It’s time for our weekly link roundup where we dish on our favorite posts from around the Web. This week we’re looking at some serious scandals, government overreach and entitlements.