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  • Yearly Archives: 2012

    2012 Year in Review: A Wild Year for Conservatism

    Tea-Party-Capitol

    By now you’ve probably seen the TV specials and glossy magazines reviewing major highlights of the past year. There are still a few days left before we close the books on 2012 (and action appears likely on the fiscal cliff). But in the meantime, let’s recap some of the good … More

    Geithner to Congress: Happy New Year, We're Maxed Out on Debt

    timothy-geithner

    The government has maxed out its credit card again, mortgaging America’s future with yet more debt. Obama Administration Treasury Secretary Timothy F. Geithner, in a letter to Congress the day after Christmas, said, “I am writing to inform you that the statutory debt limit will be reached on December 31, … More

    Morning Bell: 10 Facts on the Fiscal Cliff, Debt, and Spending

    Photo credit: Newscom

    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 Congress to avert a major tax hike, sequestration, and other major policy changes, today we bring you … More

    Anti-Smoking Senators Invest in Tobacco Cessation Drug Manufacturers

    Singapore pharmicist stands near chewing gum for sale in Singapore

    At least a handful of powerful U.S. senators have taken a hard line on anti-tobacco policies while investing in companies that manufacture products designed to help people quit smoking, raising potential conflict of interest questions. According to a joint investigation by Scribe and the Washington Guardian, published Monday in the … More

    Top 10 Heritage Research Papers of 2012

    Heritage-Foundation

    As the year comes to a close, we reflect on 2012 by offering highlights of the top 10 most-read research papers by Heritage scholars. 1) The 2012 Index of Dependence on Government By William Beach and Patrick Tyrrell February 8, 2012 The great and calamitous fiscal trends of our time—dependence … More

    Egypt: Morsi Regime Rams Through New Egyptian Constitution

    Egypt's new president-elect, Muslim Brot

    Egyptian President Mohamed Morsi today signed into law Egypt’s new constitution, which his fractured opposition has denounced as a betrayal of the original democratic goals of the 2011 revolution against the Hosni Mubarak regime. The constitution was written by an Islamist-dominated assembly that pushed through a draft over the objections … More

    5 New Year’s Resolutions for Congress in 2013

    pennies-coins-money

    While many Americans resolve to make 2013 the year they really do slim down, exercise more, and spend less, Congress could afford to commit to a few such resolutions of its own. Call them budget resolutions—something Congress hasn’t had in a while. Here are five suggestions: Cut spending. The federal … More

    FISA Amendments Could Expire If Senate Doesn’t Act

    tap

    On Thursday, the Senate is expected to begin consideration of H.R. 5949, the Foreign Intelligence Amendments Act of 2012 (FAA). The bill would reauthorize amendments to the 1978 Foreign Intelligence Surveillance Act (FISA), which are set to expire December 31. FISA created a secret court to review wiretap applications for … More

    GAO Cites Waste in U.S. Food Aid Programs—But Does Not Call for Budget Cuts

    GAO

    Senator Tom Coburn (R–OK) and others in Congress have repeatedly expressed concerns about “fragmentation, overlap, and duplication” in non-emergency food aid programs administered by the United States Agency for International Development (USAID) and United States Department of Agriculture (USDA). But a study released this month by the United States Government … More

    Chart of the Year: Entitlements and Interest Drive the Fiscal Crisis

    The end of 2012 was marked by lawmakers engaging in a distracting fiscal cliff debate over tax rates when the solution to the real fiscal crisis lies in an entirely different area of the budget. Federal spending on entitlements and interest on the debt drives the federal budget crisis. Together … More