This is another in our series of regular quarterly updates of key statistical indicators of the Obama presidency. Our intent is to provide accurate measures of what’s changed — for better or worse — since Obama first took office in January 2009.
In Sen. Ted Cruz’s twisted vision of economic history, Ronald Reagan cured double-digit unemployment by cutting spending and reducing the federal debt, and Jimmy Carter was guilty of “out-of-control regulation.” [...]
At the Conservative Political Action Conference, former Alaska Gov. Sarah Palin said that the Senate was “in violation of Article I, Section 9, Clause 7 of our U.S. Constitution” by [...]
Rep. Paul Ryan exaggerates future growth of the federal debt in a chart contained in his newly released budget plan. The chart relies on Congressional Budget Office projections from last [...]
Sen. Harry Reid was doubly wrong when he claimed that Congress already has cut $2.6 trillion from projected future deficits by reducing “non-defense programs” alone. In fact, legislation he refers [...]
The presidential election ended last month, but the partisan air wars continue with competing fiscal cliff ads from the conservative Crossroads GPS and the Democratic Congressional Campaign Committee. Most of [...]
Using a more accurate cost-of-living adjustment for federal benefit payments and tax brackets would cut the federal deficit by perhaps $300 billion over the next 10 years. But it faces opposition from both right and left. Economists generally agree …
Republican presidential candidate Mitt Romney claims that his plan would balance the federal budget in eight to 10 years. But so far, he has not made public the details on [...]
Q: Would a “list of Republican budget cuts” by the “new Republican House” slash $2.5 trillion from federal spending over 10 years?
A: The list is real. But so far, there has been no action on the bill, which was sponsored by 33 conservative GOP House members.