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  • Yearly Archives: 2012

    INFOGRAPHICS: Federal Spending by the Numbers 2012

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    Several key questions still remain to be asked of President Obama and Governor Mitt Romney during tonight’s debate. Among them: What would each of them do to reduce the growing burden of federal spending on American households? In 2012, the federal government spent $29,700 per American household. Of that amount, … More

    Kaiser Study on Medicare Assumes Seniors Don't Like Lower Prices

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    The Kaiser Family Foundation just released a study that grossly misrepresents the premium-support model of Medicare reform and apparently misunderstands normal market dynamics and the differences between efficiency, choice, and higher premiums. The Kaiser study assumes that an entire class of Americans—senior citizens—is insensitive to price. In reality, seniors are … More

    Top 10 Examples of Wasteful Federal Spending in 2012

    RoboSquirrel

    Exotic dancers, robotic squirrels, and a reality TV show in India—your tax dollars supported all of these this year. Two reports just released—“Federal Spending by the Numbers 2012” by The Heritage Foundation and “Waste Book 2012,” a report by the office of Senator Tom Coburn (R–OK)—shed light on these and … More

    Presidential Debate Prep: Understanding Obamacare's $716 Billion in Cuts to Medicare

    Photo: UPI/Kevin Dietsch

    As the Medicare debate intensifies, there still seems to be popular confusion regarding the $716 billion in “savings” from Obamacare’s Medicare payment cuts. Let us end the confusion. Which Parts of Medicare Will Be Cut? In Obamacare, the payment cuts are across-the-board cuts (modifications of Medicare’s complex payment formulas) made … More

    Presidential Debate Prep: Schools Should Trim Education Jobs

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    Calls to spend more on teachers are likely to come up in tonight’s debate. More likely still, we’ll hear accusations that Governor Mitt Romney wants to slash education spending by 20 percent. This figure is a reference to the House of Representatives-approved budget, authored by House Budget Committee chairman Paul … More

    Sequestration: Spending Cuts Needed, but Get the Policies Right

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    Tonight’s presidential debate is a good opportunity for President Obama and Governor Mitt Romney to tell the nation what they would do about our spending crisis and the looming fiscal cliff—in particular, the problem of the automatic defense budget cuts. Leadership on this issue is crucial. Some conservative lawmakers are … More

    Private Financial Info at Risk If Ecuador's Government Takes Over Credit Rating Agencies

    Photo: EFE/Newscom

    Earlier this month, Ecuador’s National Assembly passed legislation that would nationalize the country’s private credit reporting industry. President Rafael Correa has to decide by November 4 whether or not to sign it. The legislation would permit only the government’s central public data agency to provide credit reports and scores. Private … More

    Questioners at Tonight's Debate Face $4,492 Tax Increase Next Year

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    President Obama and former Governor Mitt Romney won’t be the only people in the spotlight at tonight’s presidential debate in Hempstead, NY. About 100 undecided voters from Nassau County on Long Island will have an opportunity to ask Obama and Romney questions in the town-hall format. These voters were selected … More

    "Hating Breitbart" in Theaters Friday; Director Speaks at Bloggers Briefing

    Andrew Marcus, director of the new film “Hating Breitbart” will visit The Heritage Foundation on Tuesday to speak at The Bloggers Briefing. Watch it live at noon ET on Heritage’s Livestream channel. “Hating Breitbart” opens in select theaters this Friday. It tells the story of the late Andrew Breitbart — “one man … More

    Cyber Legislation's Groundhog Day

    Newscom

    Senate majority leader Harry Reid (D–NV) has announced that the Senate will again consider cybersecurity legislation when it returns from its election recess. The move comes in response to another in a series of apocalyptic pronouncements about our cyber vulnerabilities—this one from Secretary of Defense Leon Panetta, who is warning … More