Economy & Small Business
The Department of Treasury and Office of Management and Budget recently reported that the annual federal deficit had declined to its lowest level in years. At first glance, this sounds like very good news, and predictably President Obama was quick to claim it as his victory. However, even though the report certainly signals that some responsible choices have been made to slow the rate of spending, the reality is that the government still consistently spends outside its means and in so doing adds to our country’s already heavy burden of debt.
The release of a series of videos that have exposed the despicable backroom practices at Planned Parenthood and which documented disturbing conversations with some of its employees have caused Americans to question the federal funding the organization receives. Without question, I share the same disgust of the utter disregard for unborn human life demonstrated by the organization’s sale of aborted body parts in the videos. Like many others across the nation, I certainly do not believe that taxpayers should foot the bill for any of Planned Parenthood’s expenses.
The Oklahoman - Chris Casteel
Congress averted a government shutdown Wednesday, approving a short-term spending bill just hours before the deadline with strong bipartisan support.
President Barack Obama signed the legislation, which will keep departments funded close to their current levels until Dec. 11, two weeks before Christmas.
The Hill - Sarah Ferris
A top House Republican is asserting that the short-term government spending bill includes no funding for Planned Parenthood, a last-ditch effort to quell the conservative rebellion threatening the bill's fate.
“Just to make the record crystal clear, there's just simply not a dime in here for Planned Parenthood,” Rep. Tom Cole (R-Okla.) said during a markup of the spending bill by the House Rules Committee.
Oklahoma Economic Report - Congressman Tom Cole
Perhaps the most daunting issue that we face as Americans is the massive amount of public debt that exists and the rate at which it is growing. Certainly, the staggering number of nearly $18.4 trillion calls for real solutions to change the debt trajectory. In an effort to return our nation to fiscally-firm footing, it’s important to consider how we reached this point while also recognizing the areas where we’ve been successful.
PolitiFact - Lauren Carroll
Congress needs to pass a spending bill by Sept. 30, 2015, or there’ll be a government shutdown. Some members of Congress want to leverage this deadline to defund Planned Parenthood.
But the bill Congress will likely pass -- a short-term spending bill that funds the government through Dec. 11 -- doesn’t include funding for Planned Parenthood to begin with, said Rep. Tom Cole, R-Okla., on Fox News Sunday Sept. 27. So Congress shouldn’t shut down the government over funding the women’s health organization.
The Oklahoman - Chris Casteel
The annual budget deficit will be the lowest since 2007, but the federal government's spending and accumulated debt are still heading to dangerous levels, the Congressional Budget Office reported Tuesday.
With about five weeks remaining in the federal fiscal year, the CBO is estimating a deficit of $426 billion. That would be $59 billion below the 2014 shortfall.
Washington Times - Andrew Nachemson
Alzheimer’s advocates are warning that Medicare and the national health system will be swamped by costs and patient loads in the coming years if no action is taken to prepare for a projected huge increase in the caseload as baby boomers enter their senior years.
Five years ago this month, President Barack Obama signed into law a bill that vastly restructured the American financial system. Brought about in response to the financial crisis and resulting recession in the last decade, the Dodd-Frank Wall Street Reform and Consumer Protection Act was presented as the means to protect consumers, encourage recovery and ensure financial stability in the future. Instead, the reality of Dodd-Frank has meant more rules and government regulators, fewer jobs created, slowed recovery and less American opportunity.