According to POLITICO, the emerging budget agreement could implement new fees and increase federal spending to $1 trillion, an abandonment of the bipartisan spending limit agreed to two years ago in exchange for a debt limit increase.
The House of Representatives will vote today on the Digital Accountability and Transparency Act (DATA Act), which would institute government-wide standards that will make it easier to track and report spending. The DATA Act is one of the key pillars of Public Notice’s campaign to end “Spend It or Lose It,” a flawed budgeting system that incentivizes exhausting all budgetary funds before the close of the fiscal year.
President Obama today announced a political fix for his healthcare law that would allow Americans to keep their current insurance plans for one year through 2014. Gretchen Hamel, executive director of Public Notice, released the following statement in response to the president’s announcement.
At a time when most Americans are tightening their belt and federal agencies are implementing mass furloughs, the spend-it-or-lose-it mentality in Washington seems at odds with this administration’s pledge to be “responsible stewards” of the taxpayer dollar.
The Treasury Department today released their monthly statement for May 2013, which indicated that Washington is continuing to add to our massive national debt.