"Where is all of the money going?" While filling out tax returns and writing checks to the federal government, people often ask this question. Finding answers became easier last week when the White House released an online federal tax receipt.By…
Here is a trivia question: Under which scenario would Social Security, Medicare and Medicaid make up the larger share of non-interest (i.e. “primary”) federal government spending?A. President Obama’s budgetB. Rep. Paul Ryan’s budget (House Budget Committee)The answer is B.Under Ryan’s…
The Treasury Department now estimates that the federal government will reach its legal debt limit no later than May 16, although it could use “extraordinary measures” to avoid default through July 8.Some members of Congress have suggested that refusing to…
House Budget Committee Chairman Paul Ryan today released a budget plan that promises to cut projected deficits by more than $1.6 trillion over the coming decade. While this is a serious and commendable effort, the plan’s policy mix is unlikely…
