The Obama Administration’s recent report on how it would slash nearly $500 billion more from national defense over the next decade leaves lawmakers, the military,… Read More
Wednesday’s warning by the Congressional Budget Office (CBO) that the fiscal cliff is likely to push the economy back into recession should bring things sharply… Read More
One of the interesting and disturbing aspects of the ongoing debate about how the sequestration cuts will gut the defense budget by nearly $500 billion… Read More
We’ve corrected Paul Krugman in the past, when he mistakenly invoked imaginary British spending cuts as proof that undercutting Keynesian hydraulics will demolish an already… Read More
Some prominent left-wing commentators have devoted weekly columns and blogs to the notion that Great Britain has misguidedly pursued harsh spending “austerity” and that doing… Read More
House Republicans return to Washington today to vote on a two-month payroll tax extension. If news reports are correct, the bill is likely to fail,… Read More
EconomyNews
In this week’s Heritage in Focus podcast, Heritage Action for America CEO Mike Needham discusses the latest on the debt negotiations. Listen to the full… Read More
The Congressional Budget Office (CBO) just released its long-term outlook for the federal budget. As expected, we are going broke slightly faster than we were… Read More
Treadmills for shrimp and poetry in zoos. The AARP recently decried these examples of government spending as part of a recent TV campaign against Medicare… Read More
Many of the freshmen serving in the 112th Congress were elected last November riding a wave of Tea Party activism, fueled in part by frustration… Read More
House Republicans are now pledging to reduce fiscal year 2011 discretionary spending to $100 billion below President Obama’s original request. As reported, this new budget… Read More
House Budget Committee chairman Paul Ryan (R–WI) has released a fiscal year (FY) 2011 budget target. This target—302 allocation in budgetary parlance—was necessary since the… Read More
New York Governor Andrew Cuomo (D) promised during his campaign that he would balance the Empire State’s budget without increasing taxes or borrowing. Left untouched,… Read More
The new Congress has made spending reduction a priority. This week, Members are getting to work on that promise. Yesterday, by a vote of 245–189,… Read More
On March 16, 2006, when our national debt stood at $8.27 trillion, a young Senator from Illinois announced his intention to vote against raising our… Read More
In advance of today’s vote on the National Commission on Fiscal Responsibility and Reform’s report, there has been increased attention on the nation’s fiscal health… Read More
Last week, the co-chairs of the President’s deficit commission released a report of possible proposals for the commission’s final report. Recommendations included cuts to discretionary,… Read More
Reducing budget deficits by cutting government spending has a stronger record of economic stimulus than either reducing the deficit with tax increases or increasing government… Read More
Last spring, President Obama proposed $11.3 billion worth of discretionary spending cuts. Today’s Washington Times notes that Congress accepted $6.9 billion worth of these cuts,… Read More
On July 20th, The Heritage Foundation launched the Four Percent For Freedom Petition calling on President Obama and Congress to halt defense spending cuts. If… Read More
The federal government is estimated to run a 2009 budget deficit of $1.845 trillion. While it is true that President George W. Bush handed President… Read More
