It’s one thing to talk a good game about cutting spending, but it’s quite another thing to actually do something about it. This week, the House of Representatives has an opportunity to finally set some limits on Washington’s spending spree while also ensuring that the U.S. military has the resources it needs to defend America. Here’s the lay of the land this week in the nation’s capital. On Thursday, the House is set to take up a spending reduction plan known inside the beltway as “reconciliation.” Under the measure, Congress … More
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Buried deep in the President’s hyperbolic assault on the House-passed budget last week—with all that “radical vision” and “social Darwinism” rhetoric—was one kernel of truth: “This isn’t a budget supported by some small rump group in the Republican Party,” the President said. “This is now the party’s governing platform. This is what they’re running on.” Exactly right. The fiscal plan authored by Budget Committee Chairman Paul D. Ryan (R–WI) is not just a blueprint for spending. It’s a vision for governing that deliberately and self-consciously seeks to advance “the timeless … More
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With debt and spending out of control, the good news is that the House Budget Committee is taking important steps toward focusing Congress on its most basic duty: budgeting. By speedily passing several budget process reform bills, Chairman Paul Ryan (R–WI) and others on his committee are moving Congress in the right direction—toward controlling spending and increasing accountability and transparency in the federal budget process. The fundamental problem with the Senate’s refusal to pass a budget for more than 1,000 days is a lack of fiscal discipline, which results in … More
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On the front page of the White House’s website, a clock slowly ticks away, second by second, counting down to the day, hour, minute, and second that the nation’s payroll tax “holiday” expires and the American people get socked right where it counts — in the pocket book. And just next to that clock is a message laying the blame squarely on the House of Representatives. But today the real culprit in this debacle is the U.S. Senate which, right now, is home for the holidays already, celebrating with family … More
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In case you’re not keeping track, it has been nearly 1,000 days since the United States Senate passed a budget. Meanwhile, America’s fiscal nightmare keeps growing, and those on the left—including Members of the Senate—keep advocating for even more spending despite America’s $15 trillion national debt. That’s an important record to keep in mind as the Senate votes today on two versions of the Balanced Budget Amendment (BBA). A BBA is constructive, but it’s not the final answer to America’s fiscal woes despite the tools it offers—in large part because … More
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