Wow. $22 trillion. Let that huge number sink in. It’s the gross national debt reported Monday by the Treasury Department.The question is, now that we have crossed this inauspicious threshold, will Congress finally get serious about changing the nation’s budget course?
Source: Our National Debt Just Hit $22 Trillion. Will Congress Finally Take It Seriously? | The Heritage Foundation
Two major issues will dominate the congressional budget debate over the coming months—the debt limit and the future of the Budget Control Act discretionary spending caps. If past is prologue, Congress may be tempted to deal with the two issues simultaneously as part of one broader debt and spending agreement.
Source: Congress Should Separate Debt Limit From Spending Battle | The Heritage Foundation
Even if Congress abides by the budget caps, that won’t suffice to avert the long-term budget crisis. It should consider more effective fiscal restraints.
Source: CBO Budget Projections Show Hill Must Stop Deferring Spending Reforms
On February 5, Governor Wolf will lay out his proposal for the 2019-20 state budget. Here are some key facts on spending trends, last year’s enacted budget, and challenges going forward.
Source: Commonwealth Foundation – Pennsylvania State Budget Trends
Pension commission members produced an exhaustive, deeply-researched report that lays out a clear prescription for fixing the funds. Very significantly, they released their report to the public.
Source: Pennsylvania Gov. Tom Wolf and legislators should work together to enact pension commission recommendations | Editorial
Three women in Congress — two in the House and one in the Senate — introduced bills to eliminate taxpayer funding for Planned Parenthood.
Source: Three Women in Congress Introduce Bills to Defund Planned Parenthood
“I think we should do [a border wall] legislatively. I think we should actually appropriate the dollars for a border security wall,” Rep. Jim Jordan says.
Source: What 3 Conservative Lawmakers Want Trump to Do on Wall, National Emergency
In one proposed change, the House would turn a blind eye to the damage its own policies inflict on the economy.
Source: House Democratic Rules Package Could Mean More Spending, Higher Taxes