On March 4, 2014, President Obama released his annual budget proposal. In 2015, 69% of the $3.9 trillion federal budget would be spent automatically without any Congressional control. Under the President’s proposed budget, mandatory spending and interest payments would grow unchecked and consume 80% of all federal spending in 2024.
As a recent CBS News poll found, age is one of the primary determinants of how a person feels about Social Security and Medicare.
Ignoring the key drivers of our debt won’t make it go away, especially not anytime soon. We still have a long way to go to secure our nation’s fiscal future.
A new study published by the Mercatus Center looks at the many policy decisions that have led to Washington’s growing budget deficits. The study analyzes federal deficits from three different perspectives in order to provide a comprehensive understanding of the policy decisions that have led to our historical fiscal imbalance; the policy decisions that have created our current year deficit; and the major contributors to the deficit. Here are some top findings from the study:
Last week’s deal to reopen the federal government included a provision that required the House and Senate convene a budget conference committee. The two chambers each passed their own fiscal year 2014 budget resolution earlier this year, but never met to negotiate the differences. This new committee isn’t the debt super committee, so what is it?
Congress’s return to Washington on September 9 will launch a renewed debate about the nation’s fiscal future. We don’t know what the outcome will be, but we do know what’s at stake…
Speaking at the State University of New York-Binghamton on Friday, President Obama assured the audience that there is no “urgent deficit crisis.” Meanwhile, spending remains at historic highs, economists continue to raise concern about long-term deficits, and the Congressional Budget Office is warning that if the president’s push to reverse the sequester goes through, it will increase the risk of a fiscal crisis down the road.
According to a recent poll, 74 percent of registered voters think Americans rely too much on government and not enough on themselves; 22 percent disagree with that statement. What do you think?
According to The New York Times, a group of people right here in Washington, D.C., are starting to grow anxious over possible ramifications from the healthcare law: members of Congress and their aides.
Just when you thought things couldn’t get worse at the IRS (selectively targeting which nonprofits to scrutinize, exorbitant spending on employee conferences), the agency’s Inspector General releases another damning report.