Post Tagged with: "House Budget Committee"

March 21, 2013 16:19

Dems Call Higher Spending “Draconian Cuts!”

Under the Ryan budget, spending still rises in every category (except ObamaCare, which Ryan would keep flat at zero). Outlays are still going up, but in Washington, Democrats call these “draconian cuts.”

January 27, 2011 09:07

Chief Medicare Actuary on Obamacare claims “I would say false, more so than true”

At a House Budget Committee hearing earlier today, Medicare’s Chief Actuary Rick Foster provided a concise, damaging verdict on two key promises of the health care law’s proponents. McCLINTOCK: “True or false: The two principle promises that were made in support of Obamacare were one, that it would hold costs down. True or false?” FOSTER: “I would say false, more so than true.” McCLINTOCK: “The other promise… was the promise that if you like your plan, you can keep it. True or false?” FOSTER: “Not true in all cases.”

January 6, 2011 10:09

Rep. Paul Ryan ‘we really do have a fiscal disaster coming’

In an interview on Hugh Hewitt’s radio show new chairman of the House Budget Committee Paul Ryan spells out how he hopes to change the direction of the government and cut spending enough to keep the US economy from going ‘off a cliff’.

March 6, 2010 01:30

President Barack Obama’s budget will lead to deficits averaging nearly $1 trillion over the next decade, the CBO estimated Friday

The independent CBO and Obama expect a similar amount of government spending over the next 10 years — about $45 trillion. But the CBO expects Obama’s policies to bring in $35.5 trillion in tax receipts, less than the $37.3 trillion expected by the White House.

February 25, 2010 16:48

Bernanke delivers warning on U.S. debt -Stage is set in U.S. for a Greek tragedy

With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt.