61% of Americans Want Spending Cuts Before Debt Limit Is Raised
A clear majority of Americans believes that imposing a firm limit on borrowing with spending cuts is the only chance for Congress to kick its… Read More
Plan to Suspend Debt Limit Means Debt Would Rise to $17.8 Trillion
Treasury Secretary Jack Lew announced a new debt ceiling deadline today, urging congressional lawmakers and the President to come to an agreement concerning the nation’s… Read More
Democrats Threaten Government Shutdown If They Don’t Get More Spending
While much of the debate over government funding has centered around funding for the President’s unworkable health care law, Democrats’ appetite for more unnecessary federal… Read More
What’s Next for Obamacare: Harry Reid’s Procedural Attacks
“If you let me write the procedure and I let you write the substance, I’ll [beat] you every time.” Representative John Dingell (D-MI), the longest… Read More
Morning Bell: 6 Reasons Why the National Debt Keeps Rising
Out-of-control spending by Congress and the Obama Administration has once again maxed out the latest debt limit—a nearly $17 trillion burden that harms job growth,… Read More
CBO Long-Term Budget Outlook Shows Tax Hikes Unnecessary—Again
The Congressional Budget Office (CBO) released its long-awaited long-term outlook on the budget today. As surely as the sun rises in the east, it shows… Read More
Economy News
CBO Report’s Facts Speak Louder Than Obama’s Spending and Debt Crisis Denial
The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt… Read More
How to Cut $42 Billion in Spending in the FY 2014 Continuing Resolution
Congress is in the midst of debating spending levels in a fiscal year (FY) 2014 continuing resolution. It’s no surprise that the two chambers disagree… Read More
While Debt Crisis Looms, Washington Still Focused on Undoing Sequestration
Lawmakers are on track to bargain away the one spending cut they got. The Washington Post reports that President Obama and a group of Republican… Read More
News
15 Pictures of Ridiculous Government Spending Guaranteed to Make You Mad
In 2013, federal spending approached $3.5 trillion. Now that’s hard to wrap your brain around. It’s about $27,700 for every American household. All across America,… Read More
Treasury Secretary Lew Ignores Real Debt Problem, Looming Crisis
U.S. Treasury Secretary Jack Lew suggested yesterday on NBC that “we have already done a lot of deficit reduction.” In reality, government spending and debt… Read More
Reid Throws Major Roadblock in Front of Tax Reform
Senate Majority Leader Harry Reid (D–NV) has just thrown a roadblock in front of tax reform that could stall the strong momentum that has been… Read More
ANALYSIS | Obama’s Economic Speech: Another Summer Rerun
President Obama traveled to Illinois today to give the same tired, worn-out economic speech he’s been giving for almost five years now. Rather than offering… Read More
Moody’s: Further Deficit Reduction Needed to Maintain Stable Outlook
Moody’s changed the outlook on the U.S. credit rating from negative to stable this week, citing improving deficits. While this is good news, policymakers should… Read More
Missile Defense: Independent Working Group Holds Valuable Seminar
In recent days, the House of Representatives and the Senate Armed Services Committee adopted different versions of the National Defense Authorization Act for fiscal year… Read More
News
‘Tis the Season: Sequester Furloughs Start
Yesterday marked the beginning of sequestration’s furlough period. Most of the Department of Defense’s roughly 800,000 civilian workers will go without pay for about one… Read More
Senate Passes Bill That Fails to Fix Immigration and Border Security
“The Americans will always do the right thing,” Winston Churchill (who was half-American) once declared, “after they’ve exhausted all the alternatives.” The Senate proved today—in… Read More
Greece: Austerity Doesn’t Involve Public-Sector Layoffs
Slate’s Matthew Yglesias might be attacked as an “austerity denier” now that he has joined Heritage’s Salim Furth in pointing out that there is a… Read More
Cut Government Spending to Help the Economy? Majority Say Yes
A recent Rasmussen poll (subscription required) found that 65 percent of likely voters want the government to cut spending to help alleviate the country’s economic… Read More
Speaker Boehner: What’s “Free Market” About the Farm Bill?
The latest House action on the $1 trillion farm bill comes straight from the playbook “Do as I Say, Not as I Do.” House Speaker… Read More
House Farm Bill Would Outspend Obama on Most Expensive Farm Program
The House farm bill would spend more than Obama on the most expensive farm program. Yes, you read that right. President Obama hasn’t all of… Read More
WATCH: Discussion on the Cost of Amnesty
Yesterday, the CBO released its score of the Gang of Eight’s immigration bill. Heritage’s Derrick Morgan began analyzing the numbers immediately and saw major problems…. Read More
Morning Bell: Congress Is Trying to Fool You on Immigration
Congress is trying to fool you. Here’s how they do business. A piece of legislation is going to cost trillions of dollars, but Members of… Read More
For the Record: Tax Increases Are Harmful, but Europe Has Pursued Them Anyway
Heritage economist Salim Furth gave testimony last week to the Senate Budget Committee, reminding the Senators that economic research shows that deficit reduction should be… Read More
A Hidden Cost: Failure to Reflect the True Cost of Operations Would Damage Readiness
Among the amendments cleared for action during House consideration the National Defense Authorization Act (NDAA) for fiscal year 2014 is an amendment sponsored by Representative… Read More
Health CareNews
Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt
On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But… Read More
Obama Budget: CBO Shows $1 Trillion Tax Hike, Fake Spending Cuts
The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a… Read More
Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013
At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO… Read More
Morning Bell: Ready for Another Debt Limit Fight?
Yes, it’s time to talk about the debt limit again. Every time the U.S. bumps up against its debt ceiling, we start the cycle all… Read More
New Red Tape Rising Report: Regulation in Obama’s First Term
Congress and the White House have been focused for much of this year on the federal budget—rightfully so, given perennial deficits and unsustainable levels of… Read More
