President Barack Obama has proposed 442 tax hikes since taking office in 2009, according to an Americans for Tax Reform analysis.
WASHINGTON (Reuters) – U.S. Sen. Marco Rubio, a prominent Republican critic of President Barack Obama’s healthcare law, unveiled legislation on Tuesday to make sure Obamacare would not add to the deficit by compensating insurance companies for possible losses.
President Barack Obama’s proposal to raise the minimum wage to $10.10 per hour will cost the private sector $15 billion and increase the deficit by $5 billion over the next 10 years, according to a Congressional Budget Office report released Wednesday.
Georgia’s senate on Wednesday called for a constitutional convention of the states in order to pass a balanced budget amendment.
The Senate Budget Committee Republican staff found in a new analysis of President Obama’s proposed budget that interest payments on debt will be larger than the defense budget in five years, according to the Weekly Standard.
My must read of the day is “Mr. Ryan’s Small Ideas on Poverty,” by the editorial board of the New York Times.
The risk of war in Asia will increase over the next 10 years as U.S. military forces struggle to maintain their edge amid declining budgets and increasing threats, according to the chairman of the Joint Chiefs of Staff.
President Barack Obama’s budget for fiscal year 2015 will add $8.3 trillion to the debt and hike taxes by $1.8 trillion, according to a joint analysis by Republicans on the Senate and House Budget Committees.
Austerity. The media keeps using that word. We do not think it means what they think it means. Or rather, the word appears to have lost all meaning; it means whatever they want it to mean.
Last week, the Washington Post reported that President Obama’s budget request for 2015 “will call for an end to the era of austerity that has dogged much of his presidency.” Instead, he will focus on “pumping new cash into [programs supported by liberals],” while abandoning his symbolic nod toward reforming the entitlement programs that threaten to bankrupt the country.
In other news, Defense Secretary Chuck Hagel on Monday announced the Obama administration’s plans to slash the Army to its smallest size since 1940, a famously good year for the economic and geopolitical affairs. The move is perfectly in keeping with the administration’s sophisticated foreign policy strategy of thinking about what George W. Bush would do, and then doing the opposite of that. According to the New York Times, the proposal “takes into account the fiscal reality of government austerity.”