The Heritage Foundation has consistently urged, and continues to urge, that the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, “go big”… Read More
Cracks in the Budget Control Act’s (BCA) spending caps are growing more visible as negotiators near completion of the first three appropriations bills for fiscal… Read More
Among the more egregious failings of the Budget Control Act (BCA)—the proxy fiscal plan spawned by the summer’s debt ceiling debate—are a pair of gaping… Read More
It has been 12 months since the American people spoke resoundingly at the polls against overtaxing, overspending, and overborrowing, but memories can be short in… Read More
News
With its November 23 deadline fast approaching, the “super committee” created by the Budget Control Act is back in the news, and it is still grappling… Read More
SecurityNews
There are many ways to balance a budget. Most of us, for example, spend 30 percent or more of our income on housing. Skipping mortgage… Read More
No news is good news–except when it means that the story about America’s slow-moving economy remains the same. A new report this morning from the… Read More
As Washington ties itself up in knots over what the Joint Select Committee on Deficit Reduction, better known as the Supercommittee, will recommend to Congress,… Read More
News
For months now the so-called super committee has been meeting in secret, tasked with delivering a budget-cutting (er… make that deficit-cutting) plan. Many have doubted… Read More
What is the American idea? That all depends on whom you ask. According to President Barack Obama, it’s the notion that the federal government is… Read More
In a speech today at The Heritage Foundation, House Budget Committee Chairman Paul Ryan (R-WI) spoke about Saving the American Idea. The full text transcript… Read More
News
Next month, the “super committee” will release its plan to find savings in the federal budget over the next decade. A report from the Senate… Read More
The missile defense budget has been on the chopping block ever since the Obama Administration took office. In 2009, President Obama proposed $1.6 billion in… Read More
Give two U.S. Senators credit for trying to do something about the smoke-and-mirrors games in Washington. The “Honest Budget Act” by Sen. Jeff Sessions (R-AL)… Read More
When House Minority Leader Nancy Pelosi’s (D–CA) staff released a chart in May that attempted to illustrate how much past Presidents increased the national debt,… Read More
Politico reported what many have feared about the Joint Select Committee on Deficit Reduction in a story titled “Supercommittee operating in secret.” Members of this… Read More
News
The Joint Select Committee on Deficit Reduction (also known as the “super committee”) met for the first time today. This bipartisan, bicameral committee was created… Read More
Most of the doomsday budget-cutting talk has focused on the Pentagon—and rightly so, as cuts being bandied about will unquestioningly turn the United States into… Read More
Consider it a warning from the highest levels of the U.S. government. Yesterday, Secretary of State Hillary Clinton and Secretary of Defense Leon Panetta held a… Read More
News
Former Speaker of the House Newt Gingrich on Tuesday outlined what he believes are the major problems with the congressional “Super Committee” that will devise… Read More
EconomyNews
Congressional leaders led a national debate in July 2011 about the problems of federal overspending and overborrowing. Unfortunately, at the end of the debate, Congress… Read More
President Barack Obama made two fundamental mistakes today in his press conference which was intended to calm the markets. First, he did not lead off with… Read More
There is considerable misunderstanding about what the new debt ceiling law does to the area of defense. Many people are describing the required defense cuts… Read More
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. House passes Boehner’s Budget Control Act… Read More
Be sure to tune in to Heritage Libertad Radio this Sunday at Noon ET, here. The first 30 minutes is in Spanish, covering President Obama’s… Read More
Last night, the House of Representatives was set to vote on House Speaker John Boehner’s (R–OH) plan to raise the debt ceiling, as the projected… Read More
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Praying for the Right (or Left)… Read More
Through the fog of the debt limit negotiations, President Obama has attempted to shift the blame for America’s deficit crisis to politicians at large, claiming… Read More
Washington is boiling, and it’s not just the temperature. Dueling debt ceiling proposals, presidential veto threats, and heated rhetoric between and among parties have political… Read More
With the Obama administration’s debt deadline less than a week away, Speaker John Boehner (R-OH) is reworking his two-stage debt plan after the Congressional Budget Office revealed… Read More
