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
Supercommittee: Maximize Nonsecurity Spending Cuts, Do Not Raise Taxes
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
Spending Bills Setting Up Reckless Defense Cuts
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
Austerity Successes in Previous Downturns
The left continues to resist any suggestion of spending cuts right now. In their view, a depressed economy is no time to slash spending; that… Read More
Courting Disaster: Two Gaping Loopholes in the Debt Deal That Will Drive Up Spending
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
Morning Bell: Straight Talk for the Super Committee
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
Infographic: Why Spending Is the Problem
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
Morning Bell: Obama Spins His Wheels; Economy Stuck in First Gear
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
33 Senators Who Know What America Needs
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
Lunch with Heritage: Online Chat on Spending
Click here to join us on right now for our “Lunch with Heritage” online chat. We are joined by Heritage’s Budget expert Pat Knudsen. He… Read More
Appropriations Tracker: Monitoring FY 2012 Spending Bills
The Heritage Foundation yesterday launched its fiscal year (FY) 2012 Appropriations Tracker, which monitors the progress of appropriations bills as they move through the House… Read More
Job Creators Call for Bold Solutions on Tax Reform, Deficit Reduction
Washington politicians talk a good game when it comes to job creation. But when it comes to actually doing something, they’ve been unable to provide… Read More
Myths of Austerity Failures
Evidence shows that “austerity” during a sharp downturn in 1920 coincided with quick economic recovery and robust growth throughout the rest of the decade. Nevertheless,… Read More
News
Super Committee Proposal: Tax Hikes Should Be a Nonstarter
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
Does ‘Austerity’ Work?
Remember the Great Depression of the 1920s? If not, that’s because it didn’t happen. The recession of the early ‘20s quickly ended after spending and… Read More
Morning Bell: What is the American Idea?
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
News
Super Committee Gets Recommendations from Senate Finance Republicans
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 Video AARP Hasn’t Made: Medicare’s Need for Structural Reform
Medicare—on its current path—cannot be sustained. At a recent hearing held by the Senate Special Committee on Aging, Ranking Member Senator Bob Corker (R–TN) stressed… Read More
Illinois Shows that Taxing and Spending Has Consequences
In January 2011, newly elected Illinois governor Pat Quinn imposed a 67% income tax increase on citizens and a sharp increase in the corporate tax rate… Read More
News
Super Committee Health Goals Need Sound Policy
If the goal is producing $1.2 trillion to $1.5 trillion in 10-year savings, the Joint Select Committee on Deficit Reduction must think big and produce recommendations… Read More
A Plan to Limit Dishonesty in Congress
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
In Pictures: Debt by President? Obama Leads the Pack
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
Super Secret Committee Snubs Transparency
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
Congress Should Scrap the Energy Loan and Loan Guarantee Programs
Senator Harry Reid (D–NV) and his Senate colleagues rejected the idea of cutting $1.5 billion unspent from a $7.5 billion advanced vehicle manufacturing technology loan… Read More
Morning Bell: How Harry Reid Manufactured a Crisis Over Disaster Aid
Listening to Senate Majority Leader Harry Reid (D-NV) or reading The New York Times yesterday gave the impression that disaster relief victims were suffering from… Read More
The President’s “Debt Reduction”: $1.6 Trillion in Tax Hikes, Almost No Net Spending Reductions
During his Rose Garden speech Monday, the President claimed that his new “debt reduction” plan would provide $2 of spending cuts for every $1 of… Read More
Obama’s Attack on Big Oil: Fair Share or Targeted Tax Hike?
President Obama says he wants big corporations, including oil companies, to pay their “fair share” in taxes. His deficit reduction plan includes eliminating what he… Read More
How America’s Youth Can Fight Unemployment and U.S. Debt
According to a new poll issued by Generation Opportunity and The Polling Company, Inc./WomanTrend, America’s young adults are looking at a bleak future as the… Read More
Morning Bell: $1.5 Trillion in New Taxes
Two years ago, as the United States was coming out of the last recession, President Obama was asked how raising taxes on anyone would help… Read More
