Budget and Deficit

President Obama spoke at the White House Conference on Aging, but what's really getting old is having to "truth-check" all of his claims.

President Obama cut $500 billion from Medicare spending over 10 years in order to claim that Obamacare was "paid for." A better option, writes IPI's Merrill Matthews, "would have been to aggressively target Medicare and Medicaid fraud, which could have provided the same amount of savings." 

This a tale of a country so immersed in fiscal responsibility and anti-growth economic policies that it has threatened the global financial system—and I am not talking only about Greece.

Greece is just one of a number of countries whose federal debt to GDP is very high. And if Washington were honest about the full extent of U.S. federal debt, the U.S. would likely be at the top of the list.

Congress is looking for ways to fund the Highway Fund once again, but members could do it without raising taxes—by sunsetting the Strategic Petroleum Reserve.

If Republicans backslide over spending restraint, they will betray their voters, devalue their political brand, and validate the accusations of their sternest Tea Party critics.

Some big-spending Republicans want to break the agreed-to spending limits and their campaign promises to be fiscally prudent by increasing government spending. If they do, voters could boot them out of office, just like they did in 2006.

The question isn’t which countries receive U.S. foreign aid, but which ones DON’T get it?

Looking at the long list of IRS abuses, something needs to be done.

American taxpayers should not be asked to subsidize international organizations working against U.S. interests.