Seventy-two Members of the U.S. House of Representatives, including Representatives Patrick McHenry (R-NC) and Jim Jordan (R-OH), have joined 33 U.S. Senators in standing tall… Read More
Yesterday, the United States hit an unsavory milestone–$15 trillion in total national debt. Unfortunately, the number shouldn’t have come as a surprise. America’s debt has… Read More
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
