Federal Largesse Does Not Benefit States

By Jennifer Moreale
Chris Edwards of the Cato Institute highlights the level of government intervention by examining the various forms of federal aid to the states. As he writes in Downsizing the Federal Government: “There are more than 800 state and local aid programs, based on my count of programs in the Catalog of Federal Domestic Assistance. They...

TAGS: Barack Obama, Cato Institute, Chris Edwards, Downsizing The Federal Government, Federal Budget Deficit, Federalism, FY2011 Budget

A New Record: $1.6 Trillion Deficit for the United States

By Jennifer Moreale
President Obama has announced his 2011 budget proposal. When FY 2010 ends on September 30 the deficit will total to $1.6 trillion, much higher than the Congressional Budget Office’s forecast. The Bush tax cuts will expire at the end of this year and if Obama extends their term, the federal deficit estimates will be even...

TAGS: Barack Obama, Brian Reidl, Chris Edwards, Congressional Budget Office, Federal Budget Deficit

An Uncertain Future for America’s Economic Growth

By Jennifer Moreale
As of January 22, the current public debt totals more than $12.3 trillion. The Congressional Budget Office reports that if current laws and government spending remain the same, the budget for FY 2010 is estimated at more than $1.3 trillion. During the Middle Class Task Force meeting, Vice President Biden and President Obama announced new...

TAGS: Barack Obama, Congressional Budget Office, Federal Budget Deficit, Government Spending, Joe Biden, Middle Class Task Force, Tax Cuts