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Keyword: brianriedl

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  • EXCLUSIVE: Economist SHREDS Media’s Dem Admins Better than GOP for US Economy Narrative

    03/11/2021 8:59:16 AM PST · by JV3MRC · 4 replies
    NewsBusters ^ | 3/11/2021 | Joseph Vazquez
    An economist ripped the media for pushing the false idea that Democratic administrations are better for the U.S. economy than GOP administrations. New York Times senior writer David Leonhardt had written that Democratic administrations have been more “pragmatic” by being “willing to heed economic and historical lessons about what policies actually strengthen the economy, while Republicans have often clung to theories that they want to believe — like the supposedly magical power of tax cuts and deregulation.” Economist and Manhattan Institute Senior Fellow Brian Riedl rebuked Leonhardt and the media for living in an “ideological cocoon” and pushing talking points...
  • A $2 trillion mistake? Here’s what Washington must do to get infrastructure right

    05/19/2019 5:50:33 PM PDT · by Tolerance Sucks Rocks · 19 replies
    The New York Post ^ | May 15, 2019 | Brian Riedl
    President Trump and Democratic leaders have discovered the one policy that unites Washington: spending money we don’t have. Yet their bipartisan pledge to spend an added $2 trillion on infrastructure over the next decade faces serious obstacles if these leaders are to responsibly improve our infrastructure. First, Washington should spend only as much as it is willing to offset with other savings. Putting $2 trillion on the national credit card would boost deficits that are already on course to surpass $2 trillion a year within a decade, due mostly to entitlements. These deficits are projected to push ­annual interest costs...
  • Joseph Farah Examines "Bush's Budget Boondoggle"

    02/10/2005 6:14:47 AM PST · by Theodore R. · 11 replies · 541+ views
    WND.com ^ | 02-10-04 | Farah, Joseph
    Bush's budget boondoggle Posted: February 10, 2005 1:00 a.m. Eastern © 2005 WorldNetDaily.com You've heard all the debate about President Bush's budget over the last few days. Some say the $2.6 trillion spending plan is too big. Some say it is too small. Some quibble with certain programs getting cut. Others say they are not getting cut enough. The American people sit by and their eyes glaze over. What they never hear in the course of this debate is something I'm going to tell you: Almost every spending program you've heard about in this plan and others like it is...
  • Another Omnibus Spending Bill Loaded with Pork

    12/08/2003 7:48:30 PM PST · by Calpernia · 25 replies · 1,032+ views
    The Heritage Foundation ^ | December 2, 2003 | Brian M. Riedl
    www.heritage.org [back to web version] Another Omnibus Spending Bill Loaded with Porkby Brian M. Riedl WebMemo #377 December 2, 2003 |  printer-friendly format |   The congressional spending spree of the past few years is well-documented, and this year promises to be no different. Over the last four years, federal spending has increased from $16,000 per household to $20,000 per household, the highest level since World War II.[1]   The Medicare and energy bills, although experiencing different fates, share one common denominator: little reform at huge cost, while loaded with special-interest spending.   Congress’s continued fiscal irresponsibility is clearly...
  • Spending Escalates Under GOP Watch

    11/28/2003 10:12:11 AM PST · by Theodore R. · 56 replies · 265+ views
    Washington Times ^ | 11-28-03 | Lakely, James G.
    <p>Nondefense spending has skyrocketed under Republican control of Congress and the White House, and critics say the outlays will hit the stratosphere with the passage this week of a drug entitlement for seniors. The Congressional Budget Office reported that nondefense spending rose 7 percent in the fiscal year that ended Sept. 30, nearly double the 4 percent discretionary spending caps that President Bush insisted Congress honor. Since Mr. Bush took office in 2001, nondefense spending has leapt 13 percent — 21 percent if spending on the war on terrorism is included. And he is poised to become the first Republican president to sign into law a new federal entitlement: the $400 billion Medicare expansion to cover prescription drugs. Sean Spicer, spokesman for Rep. Jim Nussle, Iowa Republican and the conservative chairman of the House Budget Committee, said the spending increases appear worse when lumping in the annual late-year "emergency" congressional expenditures that he said are little more than thinly veiled pork projects. "Even without the emergencies, we're looking at [spending] numbers well above inflation, and that's definitely a concern," Mr. Spicer said. Chris Edwards, director of fiscal policy at the libertarian Cato Institute, said the Bush record on spending has been a major disappointment. "My impression of Bush is that I've never seen him give a speech in which he says government is too big and we need to cut costs," Mr. Edwards said, pointing out that President Reagan vetoed 23 bills in his first three years in office, while Mr. Bush has yet to unsheathe his veto pen. Accepting additional spending is the price Mr. Bush pays for getting his agenda through Congress, Mr. Edwards said. "When you have a president who has a bunch of his own spending initiatives like education and the Medicare drug bill, it makes it difficult for him to go out and say that Congress is being wasteful," he said. Prominent conservatives are beginning to chafe about the kind of spending occurring on their watch. Nine Republican senators and 25 House Republicans voted against the Medicare drug bill, citing cost as the major reason. The $31 billion energy bill also has stalled, largely because many in Congress object to the price tag. The president is itching to get the bill to his desk even though it is four times more expensive than what he had proposed. Even radio host Rush Limbaugh, an unwavering booster of the president and his policies, told listeners Tuesday that after passing the Medicare bill Republicans no longer can contend they are the party of smaller government. The White House did not return a call for comment. Brian M. Riedl, a budget analyst for the conservative Heritage Foundation, said mandatory government spending on entitlements such as Medicare will reach 11.1 percent of the nation's gross domestic product, a record high. That number will climb exponentially, he said, once seniors begin getting government-paid drugs in 2006. "Congress often underestimates entitlements by a lot," Mr. Riedl said. "By our calculations, it will cost $2 trillion between now and 2030." That's assuming that the program never is expanded, he said, an unlikely scenario. When Congress created the Medicare program in 1965, the projected cost in 1990 was $9 billion. The true cost, after several expansions that came with low-balled price tags, was $67 billion, 7.4 times higher. "The lawmakers who pushed for the Medicare drug bill never answered the question of how they would pay for it," Mr. Riedl said. "Apparently, they are leaving the $2 trillion tax hike to future congresses to figure out." Tom Schatz, executive director of Citizens Against Government Waste, said he hopes that conservatives can bring the president and Congress "back to earth in terms of spending" if Mr. Bush wins a second term. "We hope that this is not the legacy of the Bush administration," Mr. Schatz said. "We hope these will be aberrations that will be corrected in coming years." A senior Republican congressional aide said many conservatives on Capitol Hill are hoping that is the case. If it isn't, Mr. Bush and the party will have some explaining to do to their political base. "There's only so long we can be told [by the White House], 'Just keep waiting for spending restraint,' " the aide said. "Eventually you develop a credibility problem. There's a point where people say, 'We've heard that for five years and nothing's happened.' "</p>