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  • No Surprise this Christmas: Washington's Wasteful Spending Continues

    Oregon cheese, IHOP pancakes, and a Hawaiian chocolate festival. Your mouth may be watering right now, but watch out—there’s a bitter aftertaste. These foodstuffs are just three of 100 items in Senator Tom Coburn’s (R–OK) Wastebook 2011, a report detailing Washington’s egregious use of $6.9 billion in taxpayer dollars this … More

    Appropriations Tracker FY 2012 Shows Spending up, Not Down

    With fiscal year 2012 spending bills now at the brink of completion, The Heritage Foundation’s Appropriations Tracker: FY 2012 has been updated to reflect the final tally. Combined with three bills enacted in November, the massive “megabus” legislation under consideration today brings total base discretionary budget authority to $1.0429 trillion, … More

    Super Failure: No Spending Cuts, and the Debt Keeps Rising

    With the failure of the super committee to recommend at least $1.2 trillion in deficit reduction, Congress’s latest attempt at budget control has collapsed. There will be many analyses of why the process did not work, but it’s worth stepping back to recall what generated the need for this extraordinary … More

    Super Gimmick: How to Spend Non-Existent War 'Savings'

    In 1969, as President Nixon’s Domestic Policy Council sought ways to spend the forthcoming “peace dividend”—savings projected from the wind-down of the Vietnam War—council members ran into an inconvenient fact: The fiscal windfall did not exist; any post-war “savings” were already committed to a range of new spending, including some … More

    Appropriations Tracker: Monitoring FY 2012 Spending Bills

    The Heritage Foundation yesterday launched its fiscal year (FY) 2012 Appropriations Tracker, which monitors the progress of appropriations bills as they move through the House and Senate. The tracker will be updated regularly to reflect the most recent status of these discretionary spending bills as they progress through each chamber. … More

    The Video AARP Hasn't Made: Medicare's Need for Structural Reform

    Medicare—on its current path—cannot be sustained. At a recent hearing held by the Senate Special Committee on Aging, Ranking Member Senator Bob Corker (R–TN) stressed the importance of Medicare reform. According to Corker, in 2011, “The U.S. spent $572 billion on Medicare, and spending is projected to increase to $1 … More

    In Pictures: Debt by President? Obama Leads the Pack

    When House Minority Leader Nancy Pelosi’s (D–CA) staff released a chart in May that attempted to illustrate how much past Presidents increased the national debt, it collided with a meticulous critique from Politifact that in turn led to a revised chart. The Washington Post’s Glenn Kessler weighed in as the … More

    AARP: Don't Pinch-Hit Cutting Waste for Entitlement Reform

    In its latest video railing against reform of Medicare and Social Security, AARP pushes for a pinch hitter to solve Washington’s spending problem—and a poor one at that. The organization charges Congress to cut wasteful spending and close tax loopholes instead of reducing Medicare and Social Security benefits. Once again, … More

    The President's "Debt Reduction": $1.6 Trillion in Tax Hikes, Almost No Net Spending Reductions

    During his Rose Garden speech Monday, the President claimed that his new “debt reduction” plan would provide $2 of spending cuts for every $1 of tax increases. A closer look at the administration’s own numbers, however, suggests the President, well, exaggerated. A realistic assessment—based mainly on table S-6 of the … More

    The Truth about Obama's Budget Deficits, in Pictures

    Through the fog of the debt limit negotiations, President Obama has attempted to shift the blame for America’s deficit crisis to politicians at large, claiming that “neither party is blameless for the decisions that led to this problem.” Though the culture of overspending is endemic in Washington, don’t let the … More