As Congress pushes forward with the One Big Beautiful Bill Act (OBBBA), the numbers tell a troubling tale: the legislation keeps getting more expensive, even as the national debt spirals into uncharted territory. Comparison of House and Senate Versions of…
In the latest twist of fiscal illusionism, Senate Republicans have deployed a controversial accounting maneuver to make their reconciliation bill appear far less costly than it truly is. At the heart of the deception is the use of a “current…
As the Senate moves closer to finalizing the One Big Beautiful Bill Act (OBBBA), the headlines are focused on tax cuts, spending priorities, and political infighting. But at the same time, something more troubling is happening: policymakers are promoting budget…
The White House distributed a memo last week claiming that upon enactment of the One Big Beautiful Bill (OBBB), “the Trump Administration will have embarked on actions that reduce deficits by at least $6.6 trillion over 10 years.” The memo…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, the guest was Bill Hoagland, Senior Vice President at the Bipartisan Policy Center. Hoagland spent 33 years grinding through the…
In partnership with WSB Radio’s Shelley Wynter from The Shelley Wynter Show, we took the Principles & Priorities budget exercise to Atlanta, Georgia, for an insightful event that brought together people from all sides of the aisle. “The conversations were tough,…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, the guest was former Congressman Richard Swett (D-NH), who also served as U.S. Ambassador to Denmark. He discussed President…
On May 22nd, the House of Representatives passed a budget reconciliation bill, known as the One Big Beautiful Bill Act (OBBBA). While much of the public focus has centered on tax cuts and reductions to entitlement programs like Medicaid and…
Budget Gimmicks Mask True Cost and Erode Faith in Institutions Now that the House has passed its reconciliation bill - the One Big Beautiful Bill Act (OBBBA) - that increases the Federal debt by around $3 trillion over ten years,…
In a decision that could signal trouble ahead for the Trump Administration's efforts to exert more authority over Congressional spending priorities, the Government Accountability Office (GAO) concluded last week that the Department of Transportation (DOT) violated the Impoundment and Control…
Moody’s Downgrades United States Credit On Friday, Moody's, one of the three major credit rating agencies, downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest payments "that are significantly…
The Bumpy Road to Reconciliation This week, a number of House Committees completed their reconciliation “markups” - a series of proposed legislative changes that included permanently extending many of the 2017 Tax Cuts and Jobs Act (TCJA) tax cuts, adding…
