Affordable Care Act — Paying More to Work Less | John Hawkins Right Wing News rightwingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rightwingnews.com Daily Mail and Mail on Sunday newspapers.
Nevada experienced the greatest growth among the states in food stamp caseloads between 2007 and 2010 with an increase of 128 percent, according to a recent report from the Urban Institute.
Why Conservatives Should Fund and Support a Strong National Defense heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
The Budget Control Act (BCA) is one of the few fiscal controls on spending. Passed in 2011, the BCA was part of a deal to raise the nation’s debt limit while simultaneously cutting and controlling spending to rein in growing budget deficits and stabilize the federal budget. The BCA has been successful at controlling discretionary spending growth and cutting some mandatory spending but has far too often been undermined by the actions of Congress. In fiscal year (FY) 2018, the future of the BCA remains unclear.
Cutting spending is the most important way to reduce the debt, but we won’t be fully able to fix the problem without renewed economic growth. Growth will mean more jobs and higher wages. This will translate into more revenue for the federal government and get us back to the traditional level of revenue more quickly. It will also mean fewer families depending on government, which will reduce spending. Our total national debt is approaching 100% of our economy. Research has shown that countries with debt-to-GDP ratios greater than 90% see their economic growth slowed by at least 1%age point a year. If the current ratio of GDP-to-jobs holds steady, that could mean more than 1 million lost jobs every year. Congress needs to cut spending soon; otherwise, international credit markets will require an abrupt and unpleasant correction like they have recently with other debt-laden nations. If that happens, and Congress still refuses to cut spending, it will have to raise taxes to the point tha