GDP: I Do Not Think It Means What You Think It Means
Many decision makers and commentators treat gross domestic product (GDP) as if it measures the whole of the economy. They even use “the economy” and… Read More
Backdoor Bailouts Begin
The Treasury Department’s release of $100 million from the Hardest Hit Fund last week amounts to a federal bailout of five Michigan cities without congressional… 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
The IRS, Obamacare, and You: The Spending
Getting the Obamacare “train wreck” up and running will cost the Internal Revenue Service (IRS) an estimated $881 million between 2010 and 2013, according to… 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
Congressional Budget Office Looks at a Carbon Tax
The Congressional Budget Office (CBO) recently released its report on the impact of a carbon tax. (Disclaimer: I provided comments to the CBO on a… Read More
Cost of Illegal Immigration and Amnesty Could Be Higher
American taxpayers cannot afford the cost of amnesty. The cost of illegal immigration and amnesty could amount to $6.3 trillion, which would fall on American… Read More
Information Missing from Studies on the “Benefits” of State Medicaid Expansion
Advocates of the Obamacare Medicaid expansion have produced a number of studies in various states that project significant economic benefits if states adopt the expansion…. Read More
Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013
At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO… Read More
Morning Bell: Amnesty Would Cost Taxpayers $6.3 Trillion
What is the goal of immigration reform? As Heritage President Jim DeMint put it yesterday, “Any immigration reform should improve the lives, the incomes, and… Read More
Health CareNews
Critics Looking at Old Data Instead of New Heritage Research on Amnesty
Some proponents of comprehensive immigration reform (including amnesty) are trying to find support for their position in Heritage Foundation papers from long ago. In the… Read More
The Gang of Eight Immigration Bill, Explained in One Infographic
Senators return to Washington next week to debate the Gang of Eight’s comprehensive immigration bill. Heritage President Jim DeMint has said the bill is “unfair,… Read More
Time to Rethink Federal Highway Trust Fund Spending
The Highway Trust Fund (HTF), which funds most surface interstate transportation programs, from roads to bridges, faces insolvency in a few short years. In a… Read More
10 Myths About the Obamacare Medicaid Expansion
As Obamacare’s Medicaid expansion is being debated in the states, many myths are being perpetuated by its advocates. Here, Heritage provides the research to debunk… Read More
Morning Bell: Where Did Your Tax Dollar Go?
Americans are waking up today to the worst “case of the Mondays” they’ll have all year: It’s Tax Day. Most Americans dread Tax Day, and… 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
Morning Bell: 5 Things to Know About the Obama Budget
President Obama finally released his budget yesterday—more than two months late. Heritage experts immediately went to work analyzing the mounds of new spending on education,… Read More
EconomyNews
The Obama Budget: Heritage Experts’ Analysis
Minimum Wage President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help…. Read More
Federal Taxpayers Get Billed for $1 Million Bus Stop
Is a luxurious bus stop worth $1 million? Commuters boarding buses at the newly constructed stop in Arlington County, Virginia, don’t seem to think so,… Read More
Federal Disaster Relief Spending Out of Control
The world’s second-largest reinsurer, Swiss Re, reports “that natural catastrophes and man-made disasters cost the insurance industry $77 billion in 2012.” The report noted this… Read More
Morning Bell: Jim DeMint’s First Day As Heritage President
Dear patriots, Today is my first full day as president of The Heritage Foundation, and the first thing I want to do is thank my… Read More
$1.2 Billion in Cash Goes to Energy Projects, Despite Sequestration
Despite a fiscal cliff and sequestration worries, more than $1.2 billion in cash payments for energy projects (in lieu of tax credits) have been issued… Read More
Good News! Obama’s Sequester Cuts USDOC Programs!
As if we didn’t have enough to worry about, earlier this month an official from the U.S. Department of Commerce (USDOC) warned that many activities… Read More
Wisconsin Welfare Reform Promotes Self-Sufficiency
Wisconsin Governor Scott Walker (R) says welfare dependence is no measure of success when it comes to helping the poor. “Sadly, there are some in… Read More
Senate Budget Tax Plan: Slowing Opportunity for Americans to Grow Income
Senator Patty Murray’s (D–WA) budget tax plan directly calls for $975 billion in new tax increases over the next decade. Indeed, the Senate budget is… Read More
EconomyNews
Stop Sending Foreign Aid to the U.S.
If the Obama Administration is looking for places to make sequestration cuts, it can start with the Economic Development Administration (EDA). In late August 1965,… Read More
Chart of the Week: The Impact of an Aging America
Sequestration has taken effect, and yet government spending continues growing. Sequestration’s 2.4 percent reductions are not enough to fix Washington’s spending and debt problem because… Read More
Obama Fulfills DeMint’s Prediction, Blaming Sequester for Future Economic Problems
Senator Jim DeMint, the president-elect of The Heritage Foundation, apparently has a crystal ball. This morning he predicted that Obama would use the sequester as… Read More
India Stays on Path to Economic Failure
Thursday was a really bad day for the Indian economy. Gross domestic product (GDP) growth for the October–December quarter came in at 4.5 percent, continuing… 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
