Category Archives: Federal deficit

Federal Highway Trust Fund Shortfall Projected in 2015, which means States may have to wait for their transportation funding

The Congressional Budget Office (CBO) released its latest projections for the Highway Trust Fund (HTF) accounts. CBO continues to project that revenues credited to the highway and transit accounts of the HTF will be insufficient to meet all of the fund’s obligations in fiscal 2015. At the start of the fiscal year, the highway accountContinue Reading

Good news and bad news on federal deficits

James Antle of the Daily Caller probes the latest projections for the federal budget deficit. Barack Obama is ready to turn the page on the $1 trillion deficits that once defined his presidency. That’s easy for him to say — he’ll no longer be in office when everything blows up. Yes, Monday’s Congressional Budget OfficeContinue Reading

Guess how much the government is spending training doctors to talk to fat kids?

Almost a half-million dollars, according to Elizabeth Harrington‘s report for the Washington Free Beacon. A new project from the National Institutes of Health (NIH) is using computer simulated training sessions to teach doctors in Minnesota how to talk to fat kids. The nearly $500,000 study using “virtual role play” to coach doctors is the latestContinue Reading

Social Security reform back in the spotlight

Jim McTague‘s latest “D.C. Current” column in Barron’s focuses on the return of Social Security reform to the political agenda. The 2011 sequestration law, which requires $1.2 trillion in automatic spending cuts on the discretionary side of the federal budget over nine years to reduce the federal deficit, kicks in again on Oct. 1, followingContinue Reading

Government: Too big not to fail

Veronique de Rugy explores for Reason readers the federal government’s apparent disinterest in tracking down waste, fraud, and abuse within its programs. [F]or all the incessant promises from policymakers to “eliminate waste, fraud and abuse” in government, the reality is that politicians—and the bureaucrats who administer Uncle Sam’s vast array of programs—are primarily concerned withContinue Reading

Cato’s Tanner worries about GOP big spenders

Michael Tanner of the Cato Institute explains for National Review Online readers why he’s not thrilled about the prospects for fiscal restraint in a new Congress run by Republicans. The new Republican-led Congress has barely been sworn in, yet there are already troubling signs that Republicans are slipping back into their big-spending ways. The electionContinue Reading

Wasting $1.3 billion of other people’s money

Want another example of government overspending? How about the $1.3 billion devoted to a children’s health study that never advanced past “go.” Bloomberg Businessweek has the details. [L]eading pediatric researchers in the U.S. envisioned an ambitious study. They wanted to track 100,000 American children from before birth until the age of 21 by collecting detailedContinue Reading

New Carolina Journal Online features

Dan Way reports for Carolina Journal Online on the group Compact for America’s plan to fast-track a federal balanced-budget constitutional amendment. John Hood’s Daily Journal picks apart liberal commentators’ contradictory arguments about the N.C. economy.