By Daniel J. Mitchell
Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of …
New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink is a post from Cato @ Liberty – Cato Institute Blog
By Daniel J. Mitchell
I’m not a big fan of Senator Schumer of New York. As I’ve noted before, he’s a doctrinaire statist who wants the government to have control over just about every aspect of our lives. But that describes a lot of people in Washington. I guess what also bothers me is his willingness to say anything, [...]
Senator Schumer’s Feeble Grasp of Fiscal History is a post from Cato @ Liberty – Cato Institute Blog
By Tad DeHaven
The House passed a bill last week eliminating the Presidential Election Campaign Fund, which the Tax Foundation calls a “voluntary tax that stirs little enthusiasm.” It would also save a whopping $14 million by eliminating the Election Action Committee and transferring certain functions to other federal agencies. The Republican-sponsored bill passed on a straight party-line [...]
Looking for Serious Program Terminations is a post from Cato @ Liberty – Cato Institute Blog
By Christopher Preble
Nuclear weapons have played a major role in U.S. force planning for many decades. But we have never had a thorough accounting of the total cost of these weapons, and we still don’t. (The best to date is probably this study by Stephen I. Schwartz and Deepti Choubey, but they don’t claim to capture every [...]
Debate Needed on Nuclear Weapons Spending is a post from Cato @ Liberty – Cato Institute Blog
By Roger Pilon
Today Politico Arena asks: Should Obama have led the supercommittee? My response: Whether or not Obama had led the supercommittee in its effort to trim a pittance from our federal deficits and debt, the effort was doomed from the start for the reasons committee co-chairman Jeb Hensarling stated in this morning’s Wall Street Journal: “Ultimately, the committee did [...]
It Goes Beyond the Supercommittee is a post from Cato @ Liberty – Cato Institute Blog
