Category Archives: Federal deficit

New Carolina Journal Online features

This week’s Carolina Journal Online Friday interview features a conversation with Nick Dranias of the Compact for America about state-based efforts to balance the federal budget. Katherine Restrepo’s Daily Journal assesses the potential impact of a pending U.S. Supreme Court ruling on Obamacare subsidies.

Impact of $4 billion federal ag program: Who knows?

Elizabeth Harrington documents for the Washington Free Beacon a disturbing assessment of a multibillion-dollar federal agriculture program. The federal government has no idea whether a $4 billion U.S. Department of Agriculture initiative for beginning farmers has worked at all, according to the Office of Inspector General (OIG). “USDA agencies provided significant financial and technical supportContinue Reading

Barron’s D.C. man pans Strategic Petroleum Reserve

Jim McTague explains in his latest “D.C. Current” column for Barron’s why the Strategic Petroleum Reserve amounts to an “oily boondoggle.” Ah, boondoggles! They cost us taxpayers dearly, but they’re worth their weight in political gold. A boondoggle can birth rare bipartisan consensus among warring Democratic and Republican congressmen. Case in point: the $40 billionContinue Reading

The Federal 2016 budget update

Last week the House approved a budget resolution and passed the first two spending bills. The Transportation-HUD spending measure was also approved by the subcommittee while the Legislative Branch spending measure passed the full House Appropriations Committee. By a vote of 226-197 the House adopted the FY2016 budget resolution (S. Con. Res. 11) on Thursday.Continue Reading

If only government had spent more on Baltimore … uh, never mind

Elizabeth Harrington of the Washington Free Beacon delivers a good response to those who blame Baltimore’s woes on a lack of government spending. The city of Baltimore received over $1.8 billion from President Barack Obama’s stimulus law, including $467.1 million to invest in education and $26.5 million for crime prevention. President Obama claimed last TuesdayContinue Reading

The Federal FY-2016 Budget

Action continues on the FY 2016 budget this week, as the House debates the first two appropriations bills: Energy-Water and Military Construction-Veterans Affairs. Each will be considered under an open rule, which means any member may offer an amendment that complies with the standing rules of the House and the Budget Act. House Democrats mayContinue Reading

The federal budget

The House continues work on the first two appropriations bills of the FY-2016 budget, while the Senate and House named budget conferees last week to negotiate a concurrent budget resolution, with a goal to finish conferencing work within the next two weeks. On Wednesday, subcommittees of the House Appropriations Committee approved the Energy-Water appropriations bill and theContinue Reading

Barron’s ‘Economic Beat’ writer labels federal debt numbers scary

Gene Epstein of Barron’s has been perusing the latest data surrounding the federal debt, and he doesn’t like what he sees. Over the past several years, the gap between tax revenue and spending has been unusually wide. In fiscal year 2009, coinciding with the Great Depression, federal receipts as a share of nominal gross domesticContinue Reading