deficit - Page 2

The Congressional Budget Office (CBO) released updated budget projections on Wednesday incorporating interest costs on federal debt that are already out of date.

President Donald Trump is better placed than any of his potential opponents to broker compromises. He should propose deals, seize the moral high ground, and lead America back to success.

President Donald Trump announced Wednesday that he would ask each member of his cabinet to cut five percent from their annual agency budgets.

House Minority Leader Nancy Pelosi (D-CA) said Thursday that Democrats would raise taxes if they win the 2018 midterm elections.

Director of National Intelligence Dan Coats warned the Senate Intelligence Committee on Tuesday about the risk posed by the national debt.

On Friday’s “PBS NewsHour,” New York Times columnist David Brooks argued that “everyone’s a hypocrite” on deficits and the Republican Party is “an identity party, not an economic party, right now.” Brooks stated,  “What strikes me as special about this is that

How can the Tea Party movement, which campaigned on balancing the budget and paying down the debt, tolerate a massive tax cut that is only going to be followed by demands for more federal spending?

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, discussed the serious nature of current and future budget issues facing the nation with Breitbart News Daily SiriusXM host Alex Marlow on Tuesday.

President Obama has spent his final months in office giving juvenile speeches full of excuses for why nothing bad since 2009 was his fault, while everything good was his personal handiwork. In truth, everyone paying attention can see the signs of a diminished America. A new Gallup poll finds Americans believing their country slid backwards in 14 out of 19 policy domains, with the worst deterioration in the national debt, crime, income inequality, and race relations. Here is the state of America after eight years of Obama.

Speaker of the House Paul Ryan has promised conservatives for years that he would be able to deliver on his promises to fix the entitlement system, reform the tax code, pay off the national debt and repeal Obamacare once a Republican was president.

During the third presidential debate, Hillary Clinton praised President Obama’s economic performance, adding: “He has cut the deficit by two-thirds.”

Sen. Ted Cruz calls “economic growth” the number one tool in the fight to stop the rapidly increasing federal debt.

President Obama argued, “there are a bunch of folks who say that we’re wildly overspending, even though we aren’t” and that many things on the Internet and news broadcasts “are just factually inaccurate” on Friday’s broadcast of “The Ellen DeGeneres Show.”

Financial analyst and Fox News contributor Gary Kaltbaum was not impressed with Federal Reserve chairwoman Janet Yellen’s congressional testimony this week.

Financial manager Ed Butowsky appeared on Breitbart News Saturday to discuss the latest economic news, criticizing the “complicit media” for slanting its reporting on jobs to favor the Obama Administration.

The December $1.8 trillion tax and spending deals, negotiated by House Speaker Paul Ryan, increased the federal government’s deficit by $130 billion, according to a new report by the Congressional Budget Office.

It’s painful to see newly-minted House Speaker Paul Ryan’s imprint on the irresponsible trillion-dollar omnibus spending bill, because he used to be one of the GOP’s most effective spokesmen for fiscal responsibility.

Economic freedom is the practical expression of liberty – if we’re not free to sell our goods and labor, spending and investing the proceeds as we see fit, we’re not truly “free” to do anything but complain about how the government treats us. And if we don’t have access to valid information about the government, and how its activities distort our markets, we don’t have economic freedom, any more than the victim of a common swindle made a “free” choice to be robbed, themes discussed on Breitbart News Daily.

With the signing of the Congressional budget deal on November 2 and sale of at least another $1.5 trillion in Treasury debt before he leaves office, President Obama will have earned title: “Mr. $20 Trillion.”

Senator Rand Paul (R-KY) argued that “Congress has become a shell of itself” and gets along too much, in addition to wondering whether debt is more disruptive than uncertainty over the debt ceiling in a speech on the Senate floor

Texas Governor Greg Abbott was interviewed by Sean Hannity and the nationally syndicated radio talk show host told Abbott – “Good job in Texas, I’ll tell you that!” Hannity commended Abbott for his tough stance on sanctuary cities, his lawsuit against the Obama administration’s amnesty program, and putting a halt to Obama’s amnesty during his tenure as President. The talk show host also asked the Texas Governor who he was supporting as President.

Republican presidential candidate and former Florida Governor Jeb Bush stated his tax plan is “dramatically different” from fellow GOP candidate Donald Trump’s, in part because his plan doesn’t blow “a gigantic hole in the deficit” in an interview broadcast on

Donald Trump is currently involved in a vicious argument with the Club for Growth over tax policy. The Club for Growth is running ads against Trump in Iowa accusing him of several offenses against growth-oriented conservatism, including a proposal to raise taxes. They added a bare-knuckle punch proclaiming Trump to be more liberal than Hillary Clinton, or even Bernie Sanders, and called him “the worst kind of politician.”

Alabama State Senator Paul Sanford had a novel idea for illuminating the age-old truth that people will vote for additional taxes as long as they don’t have to pay them, creating a GoFundMe page to pay off the state’s deficit.

Just as the last Republican in Detroit or Baltimore will be blamed for every problem faced by those troubled cities, despite generations of unchallenged Democrat rule; just as the public education system will never have enough money, no matter how lavish its per-pupil expenditures, and disappointing its results; just as the War on Poverty needs fresh financial ammunition, despite spending trillions over the course of decades to negligible effect; so everything wrong with Amtrak will be blamed on whoever resists the next demand for subsidy money.

On Monday, President Barack Obama’s budget will include a proposal to impose new taxes on trillions of dollars in profits accumulated by U.S. companies who do business overseas.