budget deficits

Conservative Leaders To McConnell: ‘a CR into December would be an error’

We urge CHQ readers and friends to call or email their Senators (the toll-free Capitol Switchboard is 1-866-220-0044 or email through this link). Tell your Senators that you will no longer countenance trillion-dollar deficits and that your vote in the 2020 election depends on their vote against more spending and for fiscal responsibility.

CAP Memo: Conservatives Do Not Support Another Short-Term, Budget-Busting Spending Bill

Over 100 leaders of conservative organizations have put their names to a Conservative Action Project Memo to the Movement stating that conservatives reject attempts by Congress to pass yet another bloated, pork-filled spending bill.

Governing By Spending Crisis

We urge CHQ readers and friends to call their Representative and Senators (the toll-free Capitol Switchboard is 1-866-220-0044), tell your Representative and Senators that you will no longer countenance trillion-dollar deficits and that your vote in the 2020 election depends on their vote against more spending and for fiscal responsibility.

'It's the spending, Stupid!'

Stephen Moore, Washington Times

The CBO numbers also tell us that while revenues are expected to rise gradually over time as a share of the national economy, the spending sprays of the Capitol Dome like Old Faithful. Spending rises from 21 percent of GDP to 23 percent of GDP over the next decade to about 26 percent of GDP over the two decades after that. Again, none of this even includes the added price tag for the tens of trillions of dollars in the Democratic presidential candidate playbook for Medicare for All, reparations, student loan forgiveness, free college, guaranteed income and the Green New Deal. We don’t have a revenue problem in Washington, we have a chronic overspending crisis.

The trillion dollar myth

Stephen Moore, Washington Times

With long-term growth of GDP of 3 percent all the entitlement deficits begin to disappear as well. This is because tax revenues overwhelm spending over time with 3 percent GDP growth. It’s called the power of compound interest. The point here is that CBO’s creaky computer models begin with the firm conviction that Trumponomics won’t work and then surprise, it cranks out a conclusion that Mr. Trump’s policies won’t work. This is what passes for rigorous analysis these days.