Chart of the Week: Sequestration Cuts 2.4 Percent out of Total Spending
Federal spending will explode from $3.6 trillion to $6 trillion over the next 10 years, but the much-maligned sequester will cut only 2.4 percent of… Read More
Small Business Owners to Congress: Fix the Debt with Entitlement Reform
The National Small Business Association’s economic report finds, “The growing national debt is the number one thing small businesses thin[k] Congress and the administration should… Read More
EconomyNews
Morning Bell: Why Should I Care About the U.S. Debt?
You’re busy. So busy you barely have time to read these words. So why should you care about the us debt? Does it affect your… Read More
Senate Sequester Plan: They Can’t Be Serious
The Hill newspaper demonstrated a keen knack for understatement today with its account of Senate Democrats’ $110 billion sequester replacement proposal: “The bill would appear… Read More
Watch Out…The President’s Talking “Balance” Again
If you aren’t nervous, you should be. The President is, once again, talking about a “balanced approach” to fixing sequestration—the across-the-board budget cuts scheduled to… Read More
Memo to Congress: Capitulation on Sequestration Cuts Is a Path to Defeat
With current funding for government operations scheduled to run out March 27, the House is beginning work on another Continuing Resolution (CR) to fund the… Read More
White House Dismisses Budget Deadline
We knew President Obama would be late in submitting his fiscal year 2014 budget proposal. White House press secretary Jay Carney largely dismissed yesterday’s legal… Read More
Morning Bell: How to Balance the Budget in 10 Years
Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate… Read More
Obama’s Budget to Be Late Again
President Obama’s budget will be late again. When the President and Congress failed to close the fiscal cliff deal until January 2, it was predictable… Read More
Hurricane Sandy Relief: An Early Opportunity for Budgeting
A good test of whether the 113th Congress is likely to take budgeting seriously will come early this week, when the House considers the remainder… Read More
5 New Year’s Resolutions for Congress in 2013
While many Americans resolve to make 2013 the year they really do slim down, exercise more, and spend less, Congress could afford to commit to… Read More
Morning Bell: ’Twas the Night Before Cliff-mas
Christmas arrives this year at a time when our nation is on the brink of the fiscal cliff. With time running out for President Obama… Read More
Congress Limps Out of Town with a Fractured Budget Process
Happily, the world did not end on December 21, as some interpreters of the Mayan Long-Count Calendar predicted. Earth did not get sucked into the… Read More
Obama’s “Lucy Move the Football” Fiscal Cliff Plan Still Not Balanced
Volleys of negotiating counter-offers are coming in faster now that Christmas break and the looming fiscal cliff are just around the corner. While there is… Read More
QDR: An Opportunity for the Pentagon and Congress
The Department of Defense is currently preparing to conduct a Quadrennial Defense Review (QDR). The end goal of this process is the production of a… Read More
Chart of the Week: Obama’s Fiscal Cliff Plan Has $4 of Tax Hikes to $1 of Cuts
In one of heaven’s sweeter ironies, President Obama today launched the defense of his fiscal cliff proposal at a factory that makes…tinker toys. The setting… Read More
Morning Bell: The Fiscal Cliff and Beyond
In Washington, there is one issue on everyone’s minds: the “fiscal cliff.” With time running out before a massive tax hike strikes on January 1,… Read More
The Smiths Go to Washington – and Spend Too Much
Meet the fictitious Smith family, whose budget woes bear a striking resemblance to those of the federal government. As this new video released by the… Read More
Why Medicare Must Be Reformed
Medicare at Risk: Visualizing the Need for Reform from The Heritage Foundation Medicare is shaping up to be a deciding factor in the debate over… Read More
Morning Bell: Welfare Spending Shattering All-Time Highs
It’s been a pretty big year for welfare—and a new report shows welfare is bigger than ever. The Obama Administration turned a giant spotlight on… Read More
INFOGRAPHICS: Federal Spending by the Numbers 2012
Several key questions still remain to be asked of President Obama and Governor Mitt Romney during tonight’s debate. Among them: What would each of them… Read More
The $2 Trillion Question: How to Preserve National Security?
In the first presidential debate, President Obama criticized Mitt Romney’s proposed defense budget plan as “$2 trillion in additional military spending that the military hasn’t… Read More
Obama: Don’t Worry About $16 Trillion Debt
Last night on the CBS Late Show with David Letterman, President Obama suggested that “we don’t have to worry about [the debt] short term.” Excuse… Read More
Morning Bell: Government Dependency Rises As Number of Taxpayers Declines
The leak of a video featuring former Governor Mitt Romney (R-MA) has sparked debate about government dependency and the number of people in the United… Read More
U.S. Budget Deficit for Fiscal Year 2012 Already at $1 Trillion
The federal budget is reaching benchmarks of astronomical proportions. Hold your applause, though; the budget trends are increasingly headed in the wrong direction. Yesterday, the… Read More
Freeloaders on Safety Net Programs Double Dip to Get Thousands in Taxpayer Dollars
In July, the Government Accountability Office (GAO) issued a report showing that, as many Americans suspect, there are places where government safety net programs are… Read More
The Culture of Over-Regulation Must Stop
Retired General Arnold Punaro, Chairman of the Department of Defense’s (DoD) Defense Business Board task force was recently quoted saying that he would “put a… Read More
Morning Bell: Another Recession Is Imminent
Yesterday, the Congressional Budget Office (CBO) reported that without a doubt, America will have a fresh recession next year unless Congress and the President prevent… Read More
Obama Transforms State Department “Background Notes” Into Campaign Material
Production by U.S. embassies of the State Department’s long-running series of annual “Background Notes” covering every country in the world had long been considered a… Read More
Huntsville Defense Conference: Concerns over the Budget and Military Readiness
This year, The Heritage Foundation participates again in the 15th annual Space and Missile Defense Conference in Huntsville, Alabama. After the first official day, it… Read More
