Obamacare’s Top Three Budget Busters
Obamacare increases unaffordable government spending, which ultimately comes out of taxpayers’ pockets. Here, we summarize three of the most costly provisions of Obamacare: 1. Medicaid… Read More
Reaction Roundup: Heritage Responds to Obama’s 2013 Budget Proposal
Today, President Barack Obama released his budget for Fiscal Year 2013. Experts from The Heritage Foundation are analyzing the President’s proposal and offer their reactions,… Read More
Morning Bell: White House Spin Machine Hits Brick Wall
Yesterday, the newest White House chief of staff, Jack Lew, took to the Sunday talk shows to get a head start on promoting President Barack… Read More
Morning Bell: Budget? Why Follow A Budget?
Families and businesses have budgets, yet Washington doesn’t — and it hasn’t for the last three years. Senate Majority Leader Harry Reid (D-NV) doesn’t think… Read More
Ryan House Budget Committee Leads on Process Reforms
With debt and spending out of control, the good news is that the House Budget Committee is taking important steps toward focusing Congress on its… Read More
EconomyNews
In the U.N. Budget, Personnel Costs Rule
Earlier this year, the Obama Administration trumpeted the recently passed United Nations regular budget as a triumph of fiscal discipline. To some degree, it is… Read More
Federal Spending on Health Care Doubles in the Next Decade
The Congressional Budget Office (CBO) released its Budget and Economic Outlook for years 2012 to 2022 yesterday, and as Heritage’s Patrick Knudsen shows, the numbers… Read More
Budget Outlook Getting Worse, CBO Report Shows
The figures released today by the Congressional Budget Office (CBO) once again reflect the magnitude of the federal government’s fiscal problem and the urgent need… Read More
Obama Administration Cannot Continue to “Hollow Out the Force”
In discussing the Department of Defense’s upcoming budget request, Defense Secretary Leon Panetta stated “our approach was to use this as an opportunity to maintain… Read More
Morning Bell: A Slashed and Burned Military
The future is not bright for the U.S. military. Yesterday, Defense Secretary Leon Panetta gave America a glimpse of the half-trillion dollars in defense spending… Read More
Stop the Madness: National Debt Threatens our Prosperity
I propose this simple New Year’s resolution for Congress, pass a budget before borrowing any more money. Today marks the 1,000th day without a budget… Read More
VIDEO: 1,000 Days Without a Senate Budget
The President’s State of the Union address tonight will no doubt grab most of the day’s headlines as the president lays out his goals for… Read More
Morning Bell: State of Dysfunction
Tonight, Americans who tune in to the State of the Union will watch the work of a rhetorical master with a flair for illusion. President… Read More
1,000 Days Without a Budget: Facts on the Senate’s Failure
Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By… Read More
Infographic: Our Military’s Dangerous Course
The U.S. military is on a dangerous course. Under the projected defense spending caps brought on by the Budget Control Act of 2011, funding for modernizing… Read More
Morning Bell: Senators, Do Your Job and Get to Work
On the front page of the White House’s website, a clock slowly ticks away, second by second, counting down to the day, hour, minute, and… Read More
Enough Political Theater – Time for Congress to Get the Job Done
As the clock counts down toward Christmas, Congress still has major unfinished business to attend to. Not that we should be surprised. Emblematic of a… Read More
Morning Bell: An 11th-Hour Spending Deal That Comes Up Short
With Christmas just a week away and the new year nearly upon us, Congress came within a whisper of yet another potential government shutdown and… Read More
Federal Accounting May Understate Costs of Solyndra-style Programs
The accounting methodology used to measure the cost to taxpayers of federal loan guarantee programs such as the one that financed defunct solar company Solyndra… Read More
Supercommittee Failed, and Spending Is Still the Problem
Tax hikes were the focal point of the contentious, failed supercommittee negotiations designed to reduce the national debt by at least $1.2 trillion. Democrats wanted… Read More
Super Failure: No Spending Cuts, and the Debt Keeps Rising
With the failure of the super committee to recommend at least $1.2 trillion in deficit reduction, Congress’s latest attempt at budget control has collapsed. There… Read More
Congress: You Must Still Do Your Job, Supercommittee or Not
The congressional Joint Select Committee on Deficit Reduction, called the Supercommittee, announced today that it has failed to meet its statutory duty to recommend deficit… Read More
Super Gimmick: How to Spend Non-Existent War ‘Savings’
In 1969, as President Nixon’s Domestic Policy Council sought ways to spend the forthcoming “peace dividend”—savings projected from the wind-down of the Vietnam War—council members… Read More
Where Can Congress Find Room to Cut? Look to Obamacare.
Where can Congress’ “super committee” find its $1.2-trillion target in savings? The answer is hidden in plain sight. The money could come from Obamacare, to… Read More
EconomyNews
Morning Bell: America’s $15 Trillion Nightmare
This week, the U.S. national debt clock hit a nightmarish milestone: a record $15 trillion. Words can’t even begin to describe the scope of borrowed… Read More
Supercommittee Dithers on Tax Hikes – But Where are the Spending Cuts?
What’s a supercommittee to do? Total national debt just hit a new record at $15 trillion, an increase of approximately $700 billion since the Supercommittee’s… Read More
72 Representatives Know What America Needs, and It Is Not a Tax Hike
Seventy-two Members of the U.S. House of Representatives, including Representatives Patrick McHenry (R-NC) and Jim Jordan (R-OH), have joined 33 U.S. Senators in standing tall… Read More
America Hits $15 Trillion of Debt
Yesterday, the United States hit an unsavory milestone–$15 trillion in total national debt. Unfortunately, the number shouldn’t have come as a surprise. America’s debt has… Read More
How Not to Advance a Balanced Budget Amendment
Congress this week finds itself in a predicament of its own making. To show how serious they are about solving America’s deepening fiscal crisis, Republicans… Read More
Devastating Defense Cuts Loom, Panetta Warns
What happens if the “super committee” fails to meet its target of $1.5 trillion in budget savings by Thanksgiving and sequestration is triggered? It would… Read More
