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Posts Tagged ‘entitlement spending’

Bankrupting America’s Spending Daily

Friday, May 10th, 2013

Spending Daily | May 10, 2013

“On Jobs Tour In Texas, Obama Offers Little New Hope For Jobs Progress In Washington”

TIME reports, “President Barack Obama’s campaign-style, jobs-focused swing through the Texas technology core on Thursday was notable mainly for what it left out—any plan for putting his proposals into law. … Ostensibly Obama flew to a Democratic enclave in the deep-red state to pitch his previously announced plan for 15 nationwide manufacturing innovation institutes an...

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No Smart Way? Debt Hoarders

Tuesday, April 30th, 2013

No Smart Way?
Debt Hoarders

More and more lawmakers in Washington are lining up to say we don’t have a spending problem and are ready to defend their massive deficits that add trillions to the debt.  But a new poll from Public Notice shows that the vast majority of Americans disagree; the best way to improve the economy is by cutting spending and exercising some fiscal restraint.  At the same time, the Congressional Budget Office (CBO) is warning that the debt is unsustainable without...

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Where Does Your Tax Dollar Go?

Monday, April 29th, 2013

ICYMI, on Tax Day, Heritage provided a useful chart showing federal spending, by percent, laid out on an image of a dollar bill. As it happens, we at Western Free Press did the same thing last year. Below are the two charts. Notice how entitlement spending is going up (this time, Social Security)? Note that eventually, entitlement spending will crowd out all other spending, consuming all revenue.

 

Bankrupting America’s Spending Daily

Tuesday, April 16th, 2013

Spending Daily | April 16, 2013

Pray For Boston

Our thoughts and prayers go out to the victims, families and friends of all those who were impacted by the bombings at the Boston Marathon.  The American spirit is evident in the acts of courage and heroism by first responders, emergency personnel, police and fire department officials and the thousands of selfless individuals who helped rescue the injured and bring them to safety. Public Notice will be using its social media networks today to dir...

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What Happens to All That Tax Money? (Hint: Most of it goes to Social Security and Medicare)

Tuesday, April 16th, 2013

Long ago, Americans grew immune to reports of federal spending in the billions and then the trillions. It is almost impossible to shock taxpayers.

Nevertheless, they do pause every year when they pay their income tax and ask where the money goes and why the government keeps asking for more.

The U.S. national debt now stands at $16.8 trillion. That is $148,170 for every American taxpayer; it is $53,230 for every person in America.

According to the Heritage Foundation, in 2012 Washington collected...

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Bankrupting America’s Spending Daily

Friday, April 12th, 2013

Spending Daily | April 12, 2013

“Obama’s Lazy Budget”

Robert Samuelson editorializes in The Washington Post, “There is something profoundly timid about President Obama’s proposed $3.8 trillion budget for 2014. Stripped of boasts about ‘investments’ for the future and a responsible ‘balance’ between deficit reduction and economic growth, the budget is a status-quo document. It lets existing trends and policies run their course, meaning that Obama would allow higher spending ...

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Budgetology: Move The Chains

Friday, April 12th, 2013

Budgetology: Move The Chains

Based on the reaction to President Obama’s proposal to change the way Social Security cost-of-living adjustments are estimated and transition to Chained CPI, you’d think it was putting it on a path towards insolvency! The truth is, the change is a long-overdue, common sense reform that is a step in the right direction, but falls well short of preserving the program and reducing our long-term debt.  It seems like Washington is dividing itself into two groups of ...

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Bankrupting America’s Spending Daily

Wednesday, April 10th, 2013

Spending Daily | April 10, 2013

“Obama budget likely to play same old song”

Former Congressional Budget Office director and American Action Forum President Douglas Holtz-Eakin editorializes in POLITICO, “Exciting as watching paint dry — that’s the usual assessment of a budget document. And Wednesday’s release of President Barack Obama’s budget promises to be as underwhelming as it is overdue. Will there be anything of interest at all? Not likely. However, if you believe in long s...

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Statement: 65 Days Late, Way More Than A Dollar Short

Wednesday, April 10th, 2013

65 Days Late, Way More Than A Dollar Short

Arlington, Va. – The White House today released its budget for fiscal year 2014. This budget proposal, arriving 65 days late, includes $3.77 trillion of total spending, increases taxes by $580 billion by ending tax deductions and closing loopholes and would leave the nation with a $744 billion budget deficit in 2014. Despite a $230 billion cut in entitlement spending, the administration’s budget still fails to balance.

Gretchen Hamel, executive di...

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NEW VIDEO: “Debt-tective” Finds Culprit Behind National Debt

Tuesday, April 9th, 2013

Media Contact: Public Notice Press Office | 571.970.6490 | Press@ThePublicNotice.org

NEW VIDEO: “Debt-tective” Finds Culprit Behind National Debt

Arlington, Va. – Bankrupting America, a project of Public Notice, today released an animated web video titled “What is Bankrupting America?” focused on educating and engaging Americans on the national debt, government spending and the drag they cause on our economy. The video follows a “Debt-tective” as he discovers clues and investi...

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Budgetology: Sur La Table

Monday, April 8th, 2013

Budgetology: Sur La Table

President Obama’s budget is expected to make some reforms to Medicare and Social Security, but he could face considerable challenges selling the plan to his own base.  Many of these proposals were on the table during the fiscal cliff negotiations, but faced major headwinds from Congressional Democrats and outside interest groups.  Will the White House finally lead on entitlement reform, or will these changes quietly be the first to slide off the table?

 

WILL...

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Bankrupting America’s Spending Daily

Monday, April 8th, 2013

Spending Daily | April 8, 2013

“Mr. Hagel’s Budget Challenge”

The Washington Post editorializes, “When he was asked in 2011 about the possible impact of the sequestration on defense, Chuck Hagel breezily replied that the Pentagon was ‘bloated’ and ‘needs to be pared down.’ In his first major speech as defense secretary on Wednesday, Mr. Hagel’s assessment was considerably more sober. The $41 billion cut the department is taking this year, he said, ‘is already having a disrup...

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New Video: Tough Decisions

Saturday, March 30th, 2013

New Video: Tough Decisions

For months the White House has maintained that any “balanced approach” to deficit reduction must include entitlement reform. President Obama has talked about the need to make meaningful changes to entitlements, and urged congress to follow his lead.  With the White House budget scheduled to be released on April 10 – more than two months late – Americans will be able to see for themselves whether this administration is ready to make the “tough decisions” i...

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