WASHINGTON — President Obama’s budget came in for sharp criticism on Tuesday from both Republican and Democratic lawmakers who said the White House was not doing enough to reduce the deficit in the medium and long term. (more)
When Ron Paul reintroduced his bill in February 2009 to audit the Federal Reserve, conventional wisdom predicted that the legislation would once again fail to gain any traction. (more)
Abstract: The federal budget of the United States is on a disastrous course. Entitlement spending threatens to drive up federal spending in the next decades to an unprecedented proportion of gross domestic product. A budget commission, in conjunction with other steps, may be needed to jolt the legislative process into addressing the looming fiscal crisis, but the Conrad-Gregg commission as proposed is fatally flawed. Instead, a bipartisan budget commission must include the American people fully in the discussions and must not override appropriate protections for the minority in Congress. (more)
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