Negative Space: budget
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- Debt Limit—A Guide To American Federal Debt Made Easy.
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“A satirical short film taking a look at the national debt and how it applies to just one family.”
- Repairing the Broken Budget Process
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“Washington stumbles from budget crisis to budget crisis, with little to no oversight of how government spends hardworking taxpayers’ money. The incentives currently favor those who want to spend more, and the result is a crushing burden of debt that is hurting economic growth today and threatening economic prosperity tomorrow. I’m pleased to join a team of reformers at the House Budget Committee committed to repair the broken budget process. My colleagues at the Committee have put forward 10 proposals designed to strengthen spending controls, enhance oversight, and increase transparency.”
- Why the Super Committee Failed
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“President Obama summed up our debt crisis best when he told Republican members of the House in January 2010 that ‘The major driver of our long-term liabilities… is Medicare and Medicaid and our health-care spending.’ A few months later, however, Mr. Obama and his party’s leaders in Congress added trillions of dollars in new health-care spending to the government’s balance sheet.
‘Democrats on the committee made it clear that the new spending called for in the president’s health law was off the table. Still, committee Republicans offered to negotiate a plan on the other two health-care entitlements—Medicare and Medicaid—based upon…”
Austerity, to politicians, doesn’t mean what you think it means.
A hundred million here, a hundred million there, but the billions don’t happen until Tuesday.
If we default on any debt payments, it is because the White House has made the choice to default. There is no need to default even if the debt ceiling isn’t raised for a long time.
The Obama White House tells congress, “we don’t have a plan, but we don’t like your plan” when confronted with the destruction of the United States economy by 2027. Why can’t we continue to live large and then fix the problem in 2027?