New CBO Report: $514 Billion Deficit in 2014, Surging to Trillions by 2022
The nation’s fiscal situation is much worse today than when President Obama first took office. Public debt borrowed in credit markets stands at 73.6 percent… Read More
Bob Dylan and Chrysler Illustrate Benefits of Globalization During Super Bowl
In Chrysler’s Super Bowl ad for the Chrysler 200, Bob Dylan says: “Let Germany brew your beer. Let Switzerland make your watch. Let Asia assemble… Read More
GSE Reform: Eliminate Fannie and Freddie, but Don’t Replace Them
The President’s State of the Union address overshadowed some very important news relating to housing finance reform. Last Wednesday, Senators Bob Corker (R–TN) and Mark… Read More
Two Mistakes This Video Makes About the Minimum Wage
President Obama urged Congress to raise the minimum wage in his State of the Union address. His campaign group, Organizing for Action, has a video… Read More
Heritage’s Moore Urges Lawmakers to Embrace Winning Economic Messages
Economic issues consistently rank as the most important problem facing Americans — and one of the biggest challenges in Washington. Today, House Republicans turned to… Read More
Immigration Plan: Trust Obama?
House Republicans say they are ready to move forward with an immigration reform plan—and it sounds remarkably like amnesty for illegal immigrants. While avoiding key… Read More
What Tea Party Supporters Should Know About Free Trade
According to a recent report from Politico Pro’s Eric Bradner: “Tea party groups launched an effort today to thwart President Barack Obama’s free trade efforts,… Read More
What Congress Did While You Were Talking About the State of the Union
Congress is very fond of two things: throwing a bunch of stuff into one bill and rushing bills through while Americans are focused on other… Read More
Q&A: What Is This “myRA” Retirement Account Obama Announced?
In his State of the Union address, President Obama announced a new type of retirement savings account he wanted the Treasury to create. He signed… Read More
Economic Growth to Remain Subpar Because of Policy Uncertainty
The Bureau of Economic Analysis (BEA) will soon release its first estimate for how fast the economy grew in the fourth quarter of 2013 and… Read More
U.S. Debt Poses a Greater Barrier to Economic Opportunity Than Income Inequality
President Obama has made income inequality the forefront issue on his 2014 agenda. However, more government is not the solution to increasing economic opportunity in… Read More
Economy News
How Obamanomics Promotes Inequality
The great Obama contradiction on the economy is this: he takes credit for the improved economy, but openly admits that in this recovery almost all… Read More
The President Won’t Be Needing You
President Obama says this is a “year of action”—and last night he made it very clear whose action he was talking about. After noting recently… Read More
Heritage Live: All Star Post-SOTU Panel Wednesday at 2pmET
Did you watch President Obama’s “State of the Union” address last night? We covered it for you at the Foundry — and now we are… Read More
EconomyNews
The 2014 State of the Union and Policies for Economic Growth
Tonight President Obama will stand before Congress to take stock of where we’ve been as a nation and where he envisions America going. After five… Read More
Minimum Wage Has Followed the Productivity And Prices of Minimum Wage Jobs
Proponents of increasing the minimum wage have argued that the current minimum wage of $7.25 per hour is drastically lower than it should be and… Read More
Obama to Impose Higher Minimum Wage for Federal Contractors
President Obama’s unilateral move to give bigger paychecks to employees of federal contractors will drain more money from taxpayers without pressuring the government to cut… Read More
You Won’t Believe What’s in the $1 Trillion Farm Bill Disaster
The farm bill isn’t getting the attention it deserves. Congress is likely very aware of this fact and is pouncing on a chance to get… Read More
GSE Reform: Fannie and Freddie Revenue Distracting from Housing Finance Reform
Despite what a growing number of voices are postulating, Fannie Mae and Freddie Mac have not returned to profitability. The two former government-sponsored enterprises (GSEs)… Read More
Economic Freedom Improves Quality of Life, Well-being of Society, Environment
Nations with greater levels of economic freedom also have higher literacy rates and test scores, lower infant mortality rates, longer life expectancy, greater access to… Read More
Generation X and Millennials Face Retirement Crisis
While social commentators bemoan the impending retirement crisis facing baby boomers, younger Americans should really be the ones worrying, argues Heritage’s Romina Boccia on Next… Read More
Economy News
You Can’t Have Income Equality Without Economic Freedom
For all of the ideas President Barack Obama will likely mention in the course of this election year on ways to reduce income inequality, don’t… Read More
Should We Raise the Minimum Wage?
In last year’s State of the Union address, President Obama called for an increase in the minimum wage. Since then, Democrats in Congress have argued… Read More
Puerto Rico: America’s Greece
Pop quiz: Which economy has high unemployment, soaring debt, and beautiful beaches? If you answered Greece, you wouldn’t be wrong. But the answer is America’s… Read More
Groundbreaking New Study: Rates of Upward Mobility Have Not Declined
A carefully woven narrative has emerged in Washington, one that seemed to resonate quite well in its New York City mayoral debut. This narrative directly… Read More
Does Inequality Hurt Innovation or Entrepreneurship?
When you’re fixated on a particular problem, it’s easy to see the problem everywhere. Much of the political left is currently obsessed with income inequality,… Read More
Economy News
No, Lilly, Obama Shouldn’t Sign An Executive Order for Equal Pay
No sooner had my column posted last week stating that Democrats were plotting to play the gender card this election year by bringing up the… Read More
How Obama’s “Recess” Appointments Helped Unions
In Monday’s Noel Canning case, the Supreme Court considered whether the president can make recess appointments during Senate sessions. Few observers expect the Supreme Court to… Read More
Temporary Worker Programs Should Not Be Disguise for Amnesty
Various new outlets are reporting increasing interest from leaders in the House of Representatives in advancing some form of amnesty, whether through some form of… Read More
Uncovering America’s Economic Weaknesses
For generations, people worldwide who yearn for freedom have looked to the United States. Here, every citizen can speak his mind, pursue his passion and… Read More
