The Government Accountability Office (GAO)’s annual audit of the government, released Thursday, raises serious concerns about the federal government’s long-term financial stability and the effectiveness of Obamacare’s cost-curbing measures.
The president has not always been so dismissive about efforts to save the country’s unsustainable entitlement programs. Both as a candidate for president in 2008 and at various points throughout his first term, Obama has highlighted the urgent need to reform federal entitlements.
Former Virginia Gov. Tim Kaine left the state with a $22 billion deficit when he departed office in 2010, according to a Washington Free Beacon analysis.
Republicans on the Hill attempted to protect increased funding for the Defense Department by cutting funds for other programs, but were attacked by Democrats who threatened to refuse to negotiate
President Obama’s budget proposal fails to rein in one of the largest sources of federal spending: the ballooning costs of Medicare, Medicaid, and Social Security.