“Government spending” on The Daily Caller

Our time is now. This is the moment where we as a country must make the difficult decisions and fight the good fight. (more)

In June 2002, the non-partisan Congressional Budget Office (CBO) released a report on the federal government’s long-term budget outlook. The report predicted that federal spending, which had hovered around 20% of GDP since World War II, would reach 23.8% of GDP in 2040, 30% of GDP in the late 2050s and 40% of GDP — double the postwar average — around 2075. (more)

Carl Van Doren, an early twentieth century literary critic, said that America rediscovers herself about every 30 years. Grant Wood (the painter of “American Gothic”) believed the Great Depression was one of those periods of rediscovery. The drama of the debt crisis leads me to think we are rediscovering ourselves yet again. (more)

The pin-striped men of morning
Are coming for to dance
Forty million dollars
The kids don’t stand a chance
— Vampire Weekend (more)

At his press conference on the debt ceiling negotiations, President Obama lamented that he’d rather “be talking about stuff that everybody welcomes, like new [government] programs.” The president’s statement reveals a lot about his attitude toward government spending — one which many other politicians share — and demonstrates just how we got into the current debt crisis. (more)

In his many recent media appearances, President Obama has argued that revenues (taxes) must go up on the “wealthy.” He talked about this just this week when he toed around supporting the non-plan coming from the Gang of Six. We disagree with the president that higher taxation would solve our spending problem, but instead of arguing with him, we would like to make him a deal, related to one particular statement from his Twitter town hall: (more)

With the White House and the House of Representatives still at loggerheads over how to resolve the debt crisis, administration officials are turning up the heat, claiming that Washington has only two choices: increase the government’s borrowing capacity beyond the current $14.3 trillion limit or face a catastrophic U.S. Treasury default. If the latter happens, they warn, the government won’t be able to pay its debts and will have to stop cutting checks. (more)

All appeared normal on July 4th with fireworks, backyard cookouts and main street parades on full display — proof that the can-do spirit of America is still holding up even as the sterile data points and trend lines of our nation’s sagging economic growth have been dropping off like a bad electrocardiogram. (more)

House Republicans have proposed cutting federal spending on highways and transit by 30 percent. The plan, presented on Thursday, July 7, would severely reduce federal spending in accordance with House rules that spending cannot exceed receipts. (more)

Here’s some friendly fiscal advice: Any time some Washington big shot like Ben Bernanke or Tim Geithner claims that immediate spending cuts in the debt deal will harm the economy — ignore them. Completely. You know why? Because in this great country of ours, spending never goes down. Never. (more)

Recently, a historic press conference detailing the Cut, Cap and Balance Pledge brought together more than 60 center-right organizations and 120 Tea Party organizations to support Congressional conservatives’ plans to cut the deficit and enact serious budgetary constraints. However, leaders of the House and Senate are poised to ignore our demands and keep America on a road to a European-style debt crisis and financial ruin. (more)

Last week, Democrats in the California Legislature sealed a budget deal with Democrat Governor Jerry Brown. The unusual thing about the new budget is that, even though it was crafted entirely by Democrats, it’s fiscally conservative. (more)

Sally is a teenage girl who loves to shop. Clothes, purses, things to decorate her room with — it doesn’t matter. If she wants it and can go shopping for it, she’s going to get it. Even though Sally’s father isn’t made of money, he is all too willing to oblige her spending habits. He happily gives her cash everyday to keep her content. (more)

Despite ongoing federal deficits of more than $1 trillion a year, many liberals are calling for more government spending to “create jobs.” At the same time, liberals are opposing budget cuts because that would supposedly hurt the economic recovery. And then there is the perennial problem of Democrats and Republicans defending spending on their particular favored programs. (more)

As The Daily Caller reported on June 23, House Majority Leader Eric Cantor intends to let the House vote on a balanced budget amendment to the U.S. Constitution. The vote is scheduled for the week of July 25. (more)

In 2008, the American people elected Barack Obama to be our 44th president and we were told it was an historic moment. And so it was, but Obama will go down in history for different reasons than most people thought. He has directed the largest, most reckless spending binge in the country’s existence, bringing America to the edge of bankruptcy. (more)

After years of indifference to constitutional fiscal discipline, Congress is once again stirring. Excessive, outrageous spending, deficits and debt, the Tea Party movement and the last election have provided a motivated majority in the House of Representatives. (more)

Behind closed doors, congressional leaders and the White House are discussing budget savings to tie to the upcoming vote on the federal debt limit. Republicans have promised that spending cuts must be at least as large as the debt-increase amount. Thus, if the debt limit is increased by $2 trillion to get the government through the end of 2012, policymakers need to agree on $2 trillion in cuts, probably measured over 10 years. (more)

Many swing-voters are increasingly concerned about the nation’s fast-growing debt, so President Barack Obama has launched a new bureaucratic project to identify wasteful spending and to redirect spending towards other government spending programs. (more)

One of the great things about the United States is that everyone here has the ability to develop their own unique political ideals. Given that each individual is essentially allowed to craft his or her own identity, it shouldn’t be surprising that some people’s worldviews are factually challenged. (more)