After weeks of decent progress in advancing the fiscal year (FY) 2013 appropriations bills—the annual spending bills that finance the operations of government agencies—the process, disappointingly, appears to be stalling. According to CQ Budget Tracker: Although both chambers will work on appropriations bills this month, Congress appears unlikely to clear …
Earlier this week, the Obama White House criticized Members of Congress for examining the effects of the $1.2 trillion in automatic spending cuts scheduled to kick in next year. Instead, the Administration said it would prefer that lawmakers turn their attention to longer-term deficit reduction proposals. But this is not …
Yesterday, former President Bill Clinton agreed with the strong message The Heritage Foundation has sent Congress and the President: Prevent Taxmageddon from taking place—and do it now. The 42nd President stated: What I think we need to do is find some way to avoid the fiscal cliff, to avoid doing …
The latest installment in a National Public Radio (NPR) series considers how entitlement programs impact Americans’ opportunities. This is a welcome discussion, because growing entitlement spending threatens the American dream for people of all generations. Spending on the three main entitlement programs—Medicare, Medicaid, and Social Security—is projected to double as …
The Obama Administration is piggybacking on claims made by MarketWatch’s Rex Nutting that Obama has not gone on the spending spree everyone thinks he has since taking office. As White House press secretary Jay Carney puts it, President Obama has exercised “significant fiscal restraint” and “acted with great fiscal responsibility.” …
The Medicare trustees report, released this week, reinforced the urgent need to reform the federal health insurance program for seniors. Medicare is on an unsustainable path, and sticking with the status quo guarantees a Medicare crisis in the not-so-distant future. As The Heritage Foundation’s Bob Moffit and Rea Hederman explain, …
