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President Obama’s State of the Union address raised questions about his willingness to take the lead in focusing public attention on the heavy sacrifices that will be required to rein in future deficits.While he talked about the importance of fiscal…

The Congressional Budget Office has released its annual Budget and Economic Outlook, filled with statistics that underscore the need for both Democrats and Republicans to offer more realistic proposals to put the country on a responsible fiscal path.The official projections…

Members of the Republican Study Committee and the Senate Steering Committee have proposed legislation to cut $2.5 trillion in spending over 10 years -- cuts that go beyond those proposed by House Republican leaders or President Obama.Non-security discretionary spending (which…

Republicans say they are working on new proposals after the House on Thursday approved repeal of last year’s health care legislation.The 245-189 vote was considered largely symbolic because the President and Democrats, who control the Senate, support the original legislation.…

With health care reform back on the policy agenda this week, it is important for Congress to keep cost controls and the country’s enormous fiscal challenges at the forefront of the discussion.The law that was passed last year had the…

Senate Budget Committee Chairman Kent Conrad (D-ND) today announced that he will retire from the Senate when his term expires in early 2013. Conrad said one of his top priorities for the remainder of his term would be "to get…

An OMB report concludes that exemptions in the PAYGO law have been used for legislation adding hundreds of billions of dollars to the deficit. PAYGO generally requires legislation affecting direct spending or revenues to be offset, though last year's law…

Although older Americans often talk about wanting a bright future for their children and grandchildren, irresponsible fiscal policies continue to dim that future year after year. High government debt and unsustainable benefit programs threaten to burden tomorrow’s citizens with extremely…