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The Heritage Foundation
The Spending, Deficit, and Debt Control Act Would Help Congress Rein in Spending and Deficits
As federal spending and budget deficits soar to percentages of the economy unseen since World War II, lawmakers must make spending restraint a top priority. Full Article at The Heritage Foundation
Related Articles
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The Congressional Budget Office is out with its analysis of the House Democrats' health care bill. The headline number -- likely to be widely cited in media accounts -- is that the bill costs $894 billion over 10 years. Full Article at American Spectator
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Within the next few weeks, probably as soon as the votes on health-care reform have been taken, the Senate faces the painful duty of once again raising the statutory limit on the national debt, as the House already has done. Full Article at The Star-Press | Muncie, IN
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Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Full Article at The Washington Post
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The federal government's budget gap is huge – but by some measures, it's been bigger in the past. The annual budget deficit reached $1.4 trillion in fiscal year 2009, the Obama administration said Friday, a record sum by far in dollar terms. Full Article at San Diego Union-Tribune
Related Quotes
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People understand that we're stealing from future generations
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understands the present (fiscal) path is unsustainable. I think he will make that point in next year's budget and maybe the State of the Union address.
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It was critical that we acted to bring the economy back from the brink earlier this year ... The President recognises that we need to put the nation back on a fiscally sustainable path.
SOURCE: New Zealand Herald -
Future deficits are too high, and the president is committed to working with Congress to bring them down to a sustainable level as the economy recovers
