Budget Articles


Paul Ryan Will Support Boehner's Final Budget Deal

7:11 AM, Oct 28, 2015

Paul Ryan, the leading Republican candidate to be the next speaker of the House, will support John Boehner's final budget deal. 

"BREAKING - PAUL RYAN will SUPPORT the budget deal today," Jake Sherman reports on Twitter.

 

BREAKING - PAUL RYAN will SUPPORT the budget deal today.

— Jake Sherman (@JakeSherman) October 28, 2015

 

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‘It Could Have Been Worse’

3:21 PM, Oct 27, 2015

That’s what many defense experts are saying about the two-year budget deal that’s being cut by congressional leaders and the White House.  Byron Callan, longtime analyst for Capital Alpha Partners, which provides research to financial firms, rates the prospective deal as “defense positive.”

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For the Want of a Budget Gimmick, the Kingdom Was Lost

11:09 AM, Jul 09, 2015

In at last announcing in detail that it would reduce the size of its active-duty force, currently 490,000, by 40,000 soldiers over the next two years, the U.S. Army seems finally and for a day to have captured the attention of the political class.  In fact this is not news, but the long-anticipated result of the defense budget cuts agreed to under the 2011 Budget Control Act.

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'FPI Fact Sheet: Defense Budget Update'

1:40 PM, Mar 23, 2015

A fact sheet on the Defense budget from the Foreign Policy Initiative:

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Obama's Defense Budget Well Below Gates's Proposal

6:10 AM, Feb 03, 2015

President Obama's proposed defense budget is well below what former Secretary of Defense Bob Gates proposed. 

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Projected Debt in 2025 Due to Obama's Budget: $26.3 Trillion

9:09 PM, Feb 02, 2015

President Obama's budget is not likely to be passed by Congress. But if it did, the U.S. would be about $26.3 trillion in debt. 

The numbers come from Obama's budget, and were sent around by the Republican National Committee to highlight the heavy spending in the president's proposed budget:

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Sessions: Obama Budget 'Raises Taxes By $2.1 Trillion'

9:00 PM, Feb 02, 2015

Senator Jeff Sessions, the former ranking member of the Senate Budget Committee, says President Obama's proposed budget "raises taxes by $2.1 trillion."

"The President has sent another tax-and-spend budget to Congress," Sessions says in a statement responding to Obama's proposed budget.

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GOP Budget Chairs Blast Obama Proposal

12:01 PM, Feb 02, 2015

The White House has submitted its latest budget proposal to Congress, and the Republican chairs of the budget committees in both the Senate and the House are criticizing the plan for increasing spending and raising taxes. In a joint statement House budget chair Tom Price of Georgia and Senate budget chair Mike Enzi of Wyoming blasted President Obama's proposal:

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U.S. Government Celebrates Half Trillion Dollar Deficit

8:02 AM, Oct 16, 2014

Yesterday’s presentation by the U.S. Treasury was a comical spectacle—at least for those of us with sardonic senses of humor. The good news? The deficit for FY2014 (which ended September 30) was 29 percent lower than the deficit was in FY2013.

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CBO Projections Indicate Obamacare Will Raise Deficits by $131 Billion

7:01 AM, Oct 14, 2014

Analysis of Congressional Budget Office projections by the Senate Budget Committee finds that Obamacare will increase the deficit by more than $100 billion over the next decade.

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Obama: Destroying ISIS 'Remains a Difficult Mission'

Calls defense cuts 'draconian.'
4:34 PM, Oct 08, 2014

President Obama addressed the mission to degrade and destroy the Islamic State in remarks today at the Pentagon. "Our strikes continue alongside our partners. It remains a difficult mission," said the commander in chief.

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In Defense of War Funding

12:45 PM, Jul 16, 2014

This week senior officials from the Pentagon will testify before Congress on their request for emergency appropriations, known as the Overseas  Contingency Operations funding (OCO in military speak). A decision to maintain troop presence in Afghanistan, a resurgence of radical Sunni terrorism across the Middle east, and Russian expansionism in Europe all seem like good reasons for the administration to request the emergency funding. These events, however, haven’t prevented some proponents of defense cuts to question the validity of the request.

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PAYGO Begone

A budget rule that encourages dishonesty.
Jun 16, 2014

An arithmetic riddle: How much money would the U.S. government collect if it were to impose a 5 percent tax on the $2 trillion currently parked in offshore accounts to avoid the high U.S. corporate tax rate of 35 percent?

If you multiplied $2 trillion by .05 and arrived at $100 billion as an answer, you get full credit for your math acumen but zero points for political accuracy. The answer is a negative $600 billion, at least in the eyes of the Joint Committee on Taxation and the Congressional Budget Office (CBO).

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Pryor in 2011: Raise the Retirement Age

3:03 PM, Jun 04, 2014

Senator Mark Pryor is making entitlements an issue in the Arkansas Senate race. Both Pryor and his Democratic allies are hitting Republican nominee and House member Tom Cotton over his support for a budget proposal that would have, starting in 2022, gradually raised the retirement age for receiving Social Security and Medicare benefits.

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1 in 6 American Men Between Ages 25-54 Are Not Working

8:39 AM, May 30, 2014

Startling charts from the Republicans on the Senate Budget Committee about male participation in the labor force, particularly men between the ages of 25-54:

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GA Senate Candidates Vote Against Ryan Budget

12:15 PM, Apr 10, 2014

Three Republican House members from Georgia, who are also running for the Senate, voted against their conference's budget Thursday. Jack Kingston, Phil Gingrey, and Paul Broun joined nine other Republicans in voting against the budget, authored by chairman Paul Ryan of Wisconsin.

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Report: Economic Growth 'Half of What the President Said His Policies Would Deliver'

11:03 AM, Mar 27, 2014

A new report from the minority side of the Senate Budget Committee finds that "Economic Growth In 2013 Just Half Of What The President Said His Policies Would Deliver." Here's a chart, showing the committee's findings:

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Nibbled to Death by Duck Stamps

1:28 PM, Mar 05, 2014

When you spend in the trillions and run deficits in the (many) billions, then you look for the millions where you can find them.  

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Trust Us; We Know How to Make Projections

2:21 PM, Mar 04, 2014

The administration has produced a budget that includes various predictions not least of which concerns GDP growth. The White House, as Jeffry Bartash of Marketwatch reports, is looking for sunny days ahead and:

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Sessions: President's Budget Raises Taxes $1.76 Trillion

12:34 PM, Mar 04, 2014

Jeff Sessions, the ranking member on the Senate Budget Committee, says that President Obama's budget includes a $1.76 trillion tax hike. 

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President's Budget on Obama: 'Too Many Americans Are Working More Than Ever Just to Get By'

12:17 PM, Mar 04, 2014

Here's a rather harsh assessment of the last four years under the Obama administration's economic policies:

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Paul Ryan: 'Budget Isn’t a Serious Document; It’s a Campaign Brochure'

'This budget never balances—ever.'
11:55 AM, Mar 04, 2014

Paul Ryan, chairman of the House Budget Committee, slams President Obama's budget in a statement released by his office.

“The President’s budget is yet another disappointment—because it reinforces the status quo. It would demand that families pay more so Washington can spend more. It would hollow out our defense capabilities. And it would do nothing to preserve or strengthen our entitlements. The President has just three years left in his administration, and yet he seems determined to do nothing about our fiscal challenges," says Ryan.

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Obama's Budget Increases Spending 63 Percent, Increases Debt By $8.3 Trillion

11:30 AM, Mar 04, 2014

President Obama unveils his budget today. And the numbers aren't likely to satisfy fiscal conservatives and budget hawks, who might have been hoping for a budget that decreases spending and lowers the debt. 

According to analysis by the Senate Budget Committee Republican staff, working for Ranking Member Jeff Sessions of Alabama, over the next decade President Obama's proposed budget increases spending by 63 percent and increases debt by $8.3 trillion. 

Here are a couple charts from the minority side of the Senate Budget Committee showing the numbers:

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Senate Dems Won't Produce a Budget This Year

2:42 PM, Feb 28, 2014

A Capitol Hill source source says that Senate Democrats will not produce a budget this year. The news is expected to come from Senator Patty Murray's office at 3 p.m. today, as part of a Friday afternoon news dump. Murray is chairman of the Senate Budget Committee.

Senator Jeff Sessions from Alabama released this statement. "Senate Democrats are required by law to produce a budget," wrote Sessions.

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Obama's Budget Increases Spending by $56 Billion

9:26 AM, Feb 21, 2014

President Obama's budget marks the end of "austerity," reports the Washington Post

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Fox News Sunday Panel on the Budget Deal and Obamacare

7:18 AM, Dec 16, 2013

Bill Kristol, with Julie Pace, Bob Woodward, and Brit Hume, yesterday on Fox:

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Kristol Podcast: The Budget Battle and Obamacare Delays

Hosted by Michael Graham.
1:15 PM, Dec 13, 2013

The WEEKLY STANDARD podcast with editor William Kristol on the Ryan-Murray Budget deal, Obamacare Delays, and Obama's Nelson Mandela speech.

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House Passes Ryan-Murray Budget Deal

6:33 PM, Dec 12, 2013

On Thursday evening, House of Representatives overwhelmingly passed the budget deal crafted by Republican congressman Paul Ryan and Democratic senator Patty Murray, chairs of their respective budget committees.

The resolution passed with 332 votes for it and 94 votes against it. Sixty-two Republicans voted against the bill, which had the support of House leadership.

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Kristol Podcast: The Good Budget Deal

Hosted by Michael Graham.
4:15 PM, Dec 11, 2013

The WEEKLY STANDARD podcast with editor William Kristol on the Ryan-Murray budget deal and "selfies" as a sign of perception over reality.

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FPI Supports Budget Deal

4:01 PM, Dec 11, 2013

The Foreign Policy Initiative has released this statement from its board of directors in support of the Paul Ryan-Patty Murray budget deal:

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