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Rethinking Big Government
As Congress returns to Washington, the crucial decisions that await lawmakers will have enormous financial ramifications for the country for years to come. House and Senate leaders continue their...
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Big Spending, Not Tax Cuts, Drive U.S. Budget Deficits
The left wants you to believe that we must pass the Obama tax hike because low taxes on wealthy Americans are the cause of our nation’s budget deficits. For example, Speaker Nancy Pelosi (D-CA) told...
View ArticleDissecting the House Budget Committee’s 2011 Budget Cuts
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 previous congressional...
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Preview of President’s Budget Leaves a Lot to Be Desired
Next week, President Obama will release his budget proposal for fiscal year 2012. Though the President’s budget carries no real legislative weight, it will showcase his financial priorities and the...
View ArticleGuest Blog: Sen. Rob Portman on Job Creation and Economic Growth
In my maiden Senate floor speech, I focused on the budget and economic issues we face and how our burgeoning debt and deficit is directly linked to the sluggish pace of job creation and economic...
View ArticleMorning Bell: Blame the Washington Bureaucracy for High Gas Prices
Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic Petroleum Reserve. In the Gulf of Mexico, meanwhile,...
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Chart of the Week: U.S. Presidents Ranked by Budget Deficits
Over the past 50 years, 10 U.S. presidents have made annual budget requests to Congress, projecting deficits both big and small. But no other president compares to Barack Obama when it comes to the...
View ArticleOne Year Later: Myth vs. Fact Video on Wisconsin’s Budget Reforms
One year ago all eyes were on Wisconsin as labor unions stormed the Capitol building in Madison to protest Republican Gov. Scott Walker’s budget reforms. Heritage sent a team to cover the...
View ArticleMorning Bell: 10 Facts on the Fiscal Cliff, Debt, and Spending
Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in...
View ArticleKrugman Still Wrong on Federal Spending and the Economy
A not-so-small cottage industry has grown up refuting liberal economist Paul Krugman’s public pronouncements. It’s not a hard industry to join, and there’s plenty of work, but it can be repetitive....
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Ryan House Budget Would End Spending on High-Speed Rail
High Speed Rail Authority/ZUMApress/Newscom Federal funding for high-speed rail would end under the House fiscal year 2014 budget introduced by Budget Committee chairman Paul Ryan (R–WI). Costly...
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This Week’s Reasons to Repeal Obamacare
Newscom It has been over three years since Obamacare became law. This week, the House voted again to completely repeal it. There are plenty of reasons to repeal Obamacare, especially before its most...
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Obamacare 2023: 31 Million Uninsured, $1.8 Trillion in Taxpayer Dollars Spent
Andrew Shurtleff/ZUMA Press/Newscom A poll released last week by InsuranceQuotes reveals that 64 percent of the uninsured are uncertain whether they will purchase insurance coverage once Obamacare...
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Cut Government Spending to Help the Economy? Majority Say Yes
Newscom 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 woes. Four years after the...
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Greece: Austerity Doesn’t Involve Public-Sector Layoffs
imago stock&people/Newscom 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 lot of policy diversity...
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Americans Don’t Need More of Obama’s Stimulus Spending
Newscom In a series of campaign-style speeches, President Obama has laid out recycled economic proposals, which include yet another tax increase to pay for $50 billion in new infrastructure stimulus...
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CBO Report’s Facts Speak Louder Than Obama’s Spending and Debt Crisis Denial
The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt crisis is only getting worse. U.S. public...
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Obama Agriculture Cuts Nearly Three Times More Than House and Senate Bills
The “farm bill” affects all Americans, not just farmers. After all, everyone eats and wants affordable food to feed their families. Yet as is typical, the House and Senate generally ignore the needs of...
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U.S. Trade Deficit: Made in Washington, D.C.?
Kenichiro Seki/ZUMA Press/Newscom The Treasury Department recently reported that China and Japan are the largest foreign holders of U.S. government debt. China now owns $1.317 trillion in U.S....
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Paul Krugman: Selective Data Usage
Paul Krugman, in the words of a former New York Times public editor, “has the disturbing habit of shaping, slicing and selectively citing numbers.” Most recently, he selectively cited numbers about...
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