federal deficit

Get ready for the Biden spending binge

Editors, Washington Examiner

Biden outlined a $700 billion economic plan. Last week, to please radical Rep. Alexandria Ocasio-Cortez, Biden announced an initiative to spend $2 trillion over just four years to address the issue. The plan, which revives the failed “green jobs” mantra from the Obama administration, was even more profligate than the plan he outlined during the campaign, which was $1.7 trillion over a full decade. Biden released yet another $775 billion plan — this one for more federal subsidies for child and elder care. In case you’re keeping score, that’s nearly $3.5 trillion in new spending proposals in just a few weeks. And he’s not finished.

America is drowning in debt due to Congress' spending folly

Cal Thomas, Washington Times

Citizens Against Government Waste has just published its annual “Pig Book,” about some of government’s wasteful spending and earmarks Republicans promised to eliminate. Earmarks are spending added to bills that have not been authorized, approved by any committee or voted on by members. “The Pig Book documents” what it says are slightly fewer earmarks this year but notes the amount of spending on them has increased. While earmarks are a fraction of spending, if Congress continues to spend money as if there is no tomorrow, there may not be a tomorrow. America will drown in debt with no one to rescue us from our folly.

Stop the Madness of Congressional Spending

Stephen Moore, CNS News

The White House thinks that more debt spending by Uncle Sam will be a "stimulus" to the economy and will help Trump win reelection. Another $2 trillion phase-four package with aid to states, payments to individuals, and infrastructure spending — a "compromise" — is in the works. It is a prosperity-killing redistribution scheme, not an economic revival plan. If Trump and the Republicans in Congress were to agree to another multitrillion-dollar spending plan, the government would grow to its most substantial level and percentage of our economy in history. Do Republicans want that to be their legacy?

Conservatives Applaud President Trump’s Proposed Spending Cuts

In their latest Memo the conservative leaders of the Conservative Action Project applaud President Trump's budget and urge him to prioritize cutting the trillion-dollar deficit in 2020. Conservatives vehemently opposed the reckless spending bill in 2019 that blew past budget caps. When Congress writes the spending bills later this year, it should follow President Trump’s lead and make significant spending cuts so that a fiscal crisis is averted.

$3.22 Trillion: Federal Programs That 'Transfer Income' Projected to Hit Record in FY20

Terence P. Jeffrey, CNS News

All of this spending will be conducted by a government that is going bankrupt. At the same time the federal government will be spending a record amount on "programs designed to transfer income," according to the OMB's estimates, it will also be setting a record in overall spending while running up a record debt — despite bringing in record tax revenues. This fiscal year, according to the OMB's Table 1.1, the federal government will haul in $3,644,772,000,000 in total tax revenue, push out $4,745,573,000,000 in total spending and run a deficit of $1,100,801,000,000. The people who run our government are truly record setters.

Trillion-Dollar Deficits – Again: America Is Right Back Where It Started 10 Years Ago

David Ditch, CNS News

America’s fiscal health should be just as strong as that of our counterparts. Revenues are up 3.4 percent from 2018, the vibrant economy means less safety net spending compared to recession years, and the military is not fully engaged in war. Regrettably, our Congress has chafed at even modest spending restraints. Not one penny of waste should get a pass. Germany, Canada, the United Kingdom, and France are all on pace to tame their debt. Americans should expect the same responsible governance from their elected officials, and hold them accountable if they continue down the fiscal primrose path.

GOP List Of Shame On Budget Vote

From our perspective the spending deal was no victory, but another “fear The Turtle” moment in which the not-so-subtle big spending hand of Senate Majority Leader Mitch McConnell manipulated the White House and the House Republican Leadership into once again abandoning any pretense of fiscal restraint.

Border Wall Big Win, But Not Fundamental

President Trump and conservatives won a big victory in the Supreme Court’s Wall ruling and in the otherwise disastrous spending bill, but we must be prepared to renew the immigration fight when Congress returns in September and takes-up the next round of spending bills.

What Do You Call A One-Legged Stool?

Principles matter in elections, and with all four legs of the 2016 big table coalition working full throttle on his behalf Donald Trump is a shoo-in for reelection, but a stool or table supported only by the one leg of Donald Trump’s outsized personality is likely to crash on Election Day.

Conservatives Oppose Trillion Dollar Spending Boondoggle

The Trump administration projected in March that this year’s deficit will hit $1.1 trillion, up from last year’s deficit of $779 billion – a figure comparable to the Obama-era deficit. After months of urging congressional and administration negotiators to prioritize reductions in spending, the Conservative Action Project has come out in opposition to this irresponsible bipartisan budget deal.

Trump Sucked Into McConnell Spending Betrayal

The voters who want fiscal responsibility who powered the Tea Party Wave and the Trump Movement haven’t gone away. While they may grudgingly support President Trump in 2020 against a Far-Left progressive Democrat, congressional Republicans who think they can spend their way to reelection will face the wrath of those voters.

Conservatives to Congress: No Two-Year Spending Caps Deal

With federal spending reaching record levels, the conservative leaders of the Conservative Action Project released the following memo to Congress regarding a rumored deal to break the existing spending caps and drive the deficit even higher.

Our Interview With True Conservative Garland Tucker

As North Carolina’s incumbent Senator – and Mitch McConnell clone – Thom Tillis skipped important votes in the Senate to attend fundraisers, we caught his principled limited government constitutional conservative Republican primary opponent Garland Tucker for a short telephone interview.

ICYMI: April’s Great Economic News

Not that we believe in or promote “conspiracy theories,” you know, like the one that the Trump campaign was spied upon by a corrupt Obama-era FBI and intelligence apparatus. But there is one conspiracy we are convinced exits, and that is that the establishment media refuses to report good economic news.

Trump Is Right To Play Hardball With Dems

“Bipartisanship” can’t be a one-off arrangement; Democrats must recognize President Trump’s legitimacy and debate the details of legislation in good faith, or President Trump is perfectly justified in refusing cooperation with them on infrastructure or any other issue.

Trump Tackles The Deficit That McCarthy, Ryan And Boehner Ignored

President Trump’s budget is an excellent blueprint for reorganizing government, gaining many efficiencies and it funds the wall and the continued rebuilding of our military. However, it is only as good as the President’s willingness to fight for it by vetoing Democrat deficit spending bills and holding the Capitol Hill GOP’s feet to the fire to sustain those vetoes.

Republican Spenders: Where’s the Backbone?

Garland S. Tucker III, The American Spectator

As liberals boast about “being morally right,” Republicans have failed to make the moral argument against more deficit spending. Is it moral to spend the nation into bankruptcy? Government has spent trillions of taxpayers’ hard-earned dollars on welfare programs to end poverty since the 1960s — but the poverty rate hasn’t declined. Was that spending moral? Was it moral to create a huge class of Americans who are permanently dependent on the government? The answer is no. It is immoral, and it is dangerous.

Rush Makes Half Of A Great Point

Rush made the point that, to many voters, government's ability to keep spending is like water in the faucet - it's assumed it will always be there. But the part he left out is that one of the main reasons that is so is because under Speakers Boehner and Ryan Republicans stopped talking about fiscal restraint and started spending like Democrats.

Fiscal Responsibility or Lower Taxes?

Ben Shapiro, CNS News

In the end, both Democrats and Republicans will have to face a simple truth: It's either government cuts or bust. There's no reason for Republicans to give away their only leverage — the taste of the public for a dynamic economy based on individuals retaining their earnings — in order to shore up programs Democrats will only work to expand.

Job Creation First, Tax Reform Second In House Tax Bill

There is still a lot of work to be done to get a tax reform bill through the Senate, but the House bill is a start, and, with its extensive economic growth and job creation features, it is a better start than we initially thought it would be.