Deal Sets Off More Spending
The fiscal cliff deal failed to put the brakes on federal spending. It hiked taxes on most Americans and added $47 billion in spending. Having squandered this opportunity, lawmakers now need to focus on real spending reductions.
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 | Smaller Paycheck? Welcome to the Post-Fiscal-Cliff World
"Ordinary Americans," as President Obama calls us, were by no means spared the tax increases in his fiscal cliff deal. Americans’ disposable income is getting cut any way you look at it - including a higher Social Security payroll tax.
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Interest on the National Debt Exceeds Spending for Many Entire Departments In 2011, the United States spent more on net interest—interest paid on publicly held debt—than it spent on many federal departments, including Education and Labor. BILLIONS OF DOLLARS (2011)
| |  | Obama's Budget Late Again
First President to present three consecutive late budgets to Congress
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 | VIDEO: Sandy Relief Bill Another Spending Spree
Congress passes $33 bln in extra pork spending
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 | Debt Ceiling: Default Not at Issue, Federal Spending Is
The U.S. will not default on its public obligations
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