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
SecurityNews
America’s First-Rate Power Status on the Chopping Block
Last Thursday, Chief of Naval Operations Admiral Jonathan Greenert warned that some of the crown jewels of the Navy could be on the chopping block… 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
EconomyNews
Sequestration Helps Force Needed Spending Cuts and Enables Private-Sector Jobs
The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the… Read More
Energy Budget Cuts Are Attack on Subsidies, Not Science
House Members who are proposing cuts to the Department of Energy (DOE) budget are facing bogus criticism that the cuts are an attack on science…. 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
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
Austerity and Stimulus: A Response to The Washington Post
Journalists should check with both sides before committing pen to paper, especially those at respectable outlets like The Washington Post. It would have served Post… Read More
Meretricious? Senator Whitehouse Is Projecting
Senator Sheldon Whitehouse (D-RI) spent eight minutes berating me at a Senate Budget Committee hearing yesterday. He disliked the facts I presented on austerity, so… Read More
Morning Bell: Time to Shrink the Monster
Does the debt ceiling affect YOU? It does—in many ways. A new video by Bankrupting America uses humor to call attention to an issue that… Read More
House Appropriations Plan Delivers Sequestration Cuts and Protects Defense
In a refreshing break from tradition, the House Appropriations Committee approved a $967 billion discretionary spending plan that would stay within the fiscal year 2014… 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
House Republicans Are Right to Focus on Spending Cuts as Part of Debt Ceiling Increase
This week, the House Republican conference met to discuss what their priority will be in connection with any vote to increase the debt ceiling. This… Read More
Defense: Mismatch Between Strategy and Ability
In a recent article in National Review, Heritage distinguished fellow and former Senator Jim Talent (R–MO) explains that the U.S. military is facing a troubling… Read More
Morning Bell: Obama’s Fake Budget Marketing Exposed
President Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.” Is this… Read More
The RSC Budget: A First Look
The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It… Read More
The Senate Continuing Resolution and Its Demons
The massive spending bill released by the Senate this week suffers the same flaws as the measure the House passed last week: It spends too… Read More
Obama Budget to Be Submitted Even Later
The Obama Administration is on track to beat former President Bill Clinton for second-longest delay in submitting a presidential budget on time. First place for the… Read More
Sequestration: Much Larger Spending Cuts Needed to Balance the Budget
Sequestration, the set of automatic spending reductions set to hit on March 1, barely makes a dent in federal spending over the next decade. Much… Read More
Environmental Protection Agency: No Room for Sequestration Cuts?
The Environmental Protection Agency (EPA) announced plans to furlough all of its employees and shut down for three days this year to absorb sequestration’s spending… Read More
Education News
Organizing for Action Uses Discredited Information on Sequestration
President Obama’s campaign organization is using discredited information and misleading numbers in its latest effort to lobby Congress to stop sequestration. An email sent today… Read More
DeMint on CNBC: We Need a Balanced Budget in 10 Years (VIDEO)
All this talk of “spending cuts” in sequestration is forgetting one important point: These aren’t true spending cuts. They are reductions in the rate at… Read More
Sequestration Will Make the U.S. Less Safe, Despite CATO’s Claims to Contrary
A February 26 article by CATO Institute Analyst Christopher A. Preble wrongly asserts that the imposition of automatic spending cuts, called sequestration, will not make… Read More
CHART: Obama 2013 Tax Increase Twice as Large as Looming Sequestration
While President Obama is traveling across the nation campaigning against sequestration at the very last minute, the economy is working through a tax increase nearly… Read More
Morning Bell: Where Could We POSSIBLY Cut the Federal Budget?
If you had to cut your family’s budget, where would you cut? Would you immediately start starving your children and stop wearing shoes? Of course… Read More
Media Aid Obama on Sequestration; Huffington Post Seeks Sob Stories
We’ve gotten used to the Obama White House and the nation’s news media working hand in glove on most issues, but the sequester is quickly becoming… Read More
The “Buffett Rule” Returns
President Obama’s so-called Buffett Rule just won’t go away. It is back in its latest iteration because Senate Democrats proposed it to partially offset the… Read More
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
