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 they could actually reach their minimum target of $1.2 trillion in cuts. Few, if any, details had leaked—until today, when we learned that the Democrats …
In his straightforward and scathing piece for today’s New York Post, Heritage senior fellow Peter Brookes discussed the devastating impact a sequestration of the defense budget would have on America’s military. If the congressional “super committee” cannot find $1.5 trillion in budget savings over the next 10 years by November …
At The Heritage Foundation’s October 25 conference dedicated to the Obama Administration’s failing “Reset” policy toward Russia, House Speaker John Boehner (R–OH) and Members of Congress hailed freedom and democracy as the guiding principles of American foreign policy. They also asserted that Russia’s occupation of Georgian territory is going to …
President Obama’s “blame conservatives” rhetoric was on full display yesterday as he described his plan to provide relief to students overburdened by loan debt that they voluntarily assumed. “We can’t wait for Congress to do its job, so where they won’t act, I will,” Obama told a crowd of Denver college …
In recent months, the U.S. government has dispatched heavily armed federal law enforcement officers to raid Gibson Guitar factories—American guitar factories!—in Tennessee for violations of the Lacey Act, a federal statute that makes it a crime to import some tropical hardwoods in violation of foreign laws. Condemning this “overreach” by …
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 taxes were cut dramatically. It provides a clear lesson in “austerity” that President Obama should heed. In 1920, newly elected President Warren Harding inherited a …
