Testifying before the House Budget Committee today, Federal Reserve Chairman Ben Bernanke noted: Even after economic and financial conditions have returned to normal, however, in… Read More
In a front page article today, the New York Times has a story on the federal death tax and the impact its 2010 expiration has… Read More
Today, White House Chief of Staff Rahm Emanuel and budget director Peter Orszag released a joint memo asking government agencies to create lists of ineffective… Read More
Friday brought yet another grim jobs report. The economy created 431,000 jobs in May according to the report, but 411,000 of them were temporary government… Read More
The United States isn’t the only country in North America grappling with the fiscal problems caused by an aging population and mounting federal deficits—Canada faces… Read More
In an ode to irony, The Fiscal Times reports that President Obama’s Commission on Fiscal Responsibility and Reform (more popularly known as the “debt commission”)… Read More
Heritage analysts Rea Hederman and James Sherk write about the June Bureau of Labor Statistics (BLS) employment reportr: “(BLS) announced that net employment increased by… Read More
Recent developments in Congress now make clear that Congressional leadership is willing to go through all of 2010 without a death tax in order to… Read More
Last week, Congressman Jim Jordan (R-OH) and Tom Price (R-GA) introduced the Republican Study Committee (RSC) FY2011 budget. This is a welcome fiscal blueprint that… Read More
CATO’s Dan Mitchell has a new Center for Freedom and Prosperity video out titled “Bureaucrats vs. Taxpayers” on how “government workers have now become a… Read More
The Washington Post editorialized yesterday: Montgomery County has just completed a nightmarish budget year. Stressed, squabbling and besieged elected officials savaged services and programs and… Read More
There’s nothing funny about the state of America’s finances, or those in even more dire straights in Europe. Greece has lined up a bailout from… Read More
Government spending is increasing at an alarmingly quick rate. This is especially true when it comes to entitlement programs. In fact, entitlement spending will consume… Read More
Washington’s runaway gusher of spending makes the Deepwater Horizon disaster look small and simple to stop. Congress is debating another irresponsible round of extra spending… Read More
Congressional leaders have responded to the backlash against the original $174 billion cost of the “tax extenders” bill by reducing its cost by $47 billion…. Read More
On May 25, the Fiscal Analysis Initiative of Pew’s Economic Policy Group published an overview of what might happen to the federal government’s annual deficits… Read More
Bloomberg news has an article on Wall Street pay revealing that the CEOs of many large banks have taken big pay cuts in the past… Read More
Remember Hotel Rwanda? That movie depicts the true story of a man fighting impossible odds to save everyone he could during the Rwandan Genocide in… Read More
Today President Obama’s deficit commission met for the second time and the Senate Judiciary Committee held a hearing on the Congressional Accountability and Line-Item Veto… Read More
Congress is at it again, spending more taxpayer money and significantly adding to the deficit in the process. This latest bout of irresponsible spending is… Read More
A while back, we pointed readers towards Heritage’s official entry to the Environmental Protection Agency’s Rulemaking Matters! contest and encouraged others to submit their own videos…. Read More
David Ignatius’ latest column “How debt imperils national security” could not get the issue of spending and national security more wrong. He starts off fine… Read More
Yesterday, the House voted down a provision introduced by House Republican Whip Eric Cantor (R-VA) to cut a 2009 welfare expansion program. The introduction of… Read More
Germany has taken the clear lead as the European sovereign debt crisis unfolds. This is an obvious outcome because of Germany’s relatively tight rein on… Read More
Today, 154 Republicans joined me on a letter to the President’s debt commission asking them to stand against a new value-added tax, or VAT. I’m… Read More
Recently in the Wall Street Journal, David Ranson pointed out what tax economists have known for a long time: no matter what changes Congress makes… Read More
Senate Democrats secretly agree that Sen. Blanche Lincoln’s (D-AR) proposal to attempt to impose a complete separating on credit default swaps and credit providers (i.e. banks)… Read More
As debate on the Wall Street “Reform” bill winds down in the Senate, Sen. Byron Dorgan (D-ND) is still pushing his ban on “naked” credit… Read More
Thanks to a vigilant civilian and a cop on horseback, many unsuspecting Americans were protected from another terrorist attack this month in New York City. … Read More
When Britain’s new Chief Secretary to the Treasury, David Laws, walked into his office last week, he found a letter from his predecessor, Liam Byrne…. Read More
