With less than two weeks before the August 2 deadline to address the debt limit challenge or risk defaulting, President Obama still has yet to articulate a single spending cut he is willing to make in order to get our country back on a path to fiscal sustainability.  Since President Obama took office, he and Congressional Democrats have increased the debt $3.4 trillion with… Read more

90 Days Is Enough Time… To complete the entire P90X workout challenge. For Mercury to revolve around the Sun. For a cheetah to be conceived and born. For the U.S. government to add nearly $350 billion to the national debt.   90 Days Isn’t Enough Time…   For the President to submit details to Congress about his “plan” to reduce Medicare spending.… Read more

Today’s Unemployment Insurance Weekly Claims Report marks the 15th consecutive week that over 400,000 Americans filed for the first time for unemployment insurance benefits.  This report simply confirms what the American people already know and his own former economic advisers are privately conceding:  President Obama and Congressional Democrats’ stimulus plan did nothing to… Read more

A recent publication by Third Way highlights the stories of ten iconic American products and services and shows how passing the pending trade agreements with Colombia, Panama, and South Korea can help consumers abroad “buy American” by reducing foreign barriers to American exports on everything from medical devices to French fries.   Excerpts from the report include: … Read more

Today’s Washington Post includes an enlightening article titled “The Dangers of Being Wrong on Keynes,” who has long been liberals’ go-to economist on how government spending supposedly creates jobs.  Unfortunately for Keynes fans inside and outside of the Obama Administration, the practical lesson millions of Americans have learned the very hard way is that $1 trillion in Keynesian… Read more

Washington, DC – Today, Committee on Ways and Means Chairman Dave Camp (R-MI) made the following statement after the House of Representatives passed H.R. 2560, “Cut, Cap and Balance Act of 2011." “I was part of the team that balanced the federal budget for the first time in a generation and believe we can and must get back to balancing the books in Washington.  Cut, Cap and… Read more

As the Wall Street Journal noted today, the recent implementation of the South Korea-EU trade agreement is having an immediate and positive impact on both countries.  In the days following implementation of the agreement: 1.    EU exports to South Korea increased by 16 percent 2.    South Korea's exports to the EU increased 17.4 percent So,… Read more

President Obama famously played to grandma's Social Security fears this week, saying in an interview about the debt-ceiling talks that "I cannot guarantee that those checks go out on August 3 if we haven't resolved this issue because there may simply not be the money in the coffers to do it." To which a friend of ours replied, whatever happened to the trust fund? That's the fund… Read more

Today, President Obama is expected to lay out his plan to increase taxes as part of the debt ceiling discussions.  So continues the Democrats' practice of taxing the job creators we need to spark an economic recovery.  To quote the President himself, “[T]he last thing you want to do is to raise taxes in the middle of a recession because that would just...take more demand out of… Read more

Congressman Dave Camp (R-MI), Chairman of the House Committee on Ways and Means, and Senator Max Baucus (D-MT), Chairman of the Senate Committee on Finance, today announced that the Committees will hold a joint hearing to review the tax treatment of debt and equity and to consider distinctions in the treatment of each in the context of comprehensive tax reform.  In connection with… Read more