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  • First Presidential Debate 2012: Top 10 True/False Quiz

    During last night’s presidential debate, claims were flying fast and furious. Some of these claims were true, others false. Here are the top 10—see which ones you can guess as either true or false. 1.      Governor Mitt Romney’s tax plan would burden the middle class. President Obama: “[I]ndependent studies looking … More

    Social Security: Runs Permanent Deficits, Benefit Cuts Loom

    Social Security paid out more to retirees and other beneficiaries than it collected in tax revenue in 2011. This is the second straight year the program is running deficits, as highlighted in a recent Congressional Budget Office (CBO) report. Social Security’s finances will only get worse without reform, as the … More

    Obama: Don’t Worry About $16 Trillion Debt

    Last night on the CBS Late Show with David Letterman, President Obama suggested that “we don’t have to worry about [the debt] short term.” Excuse me? On September 4, the U.S. national debt hit the $16 trillion mark. We now owe more on the national debt than the entire U.S. … More

    U.S. Debt Hits $16 Trillion

    Today, the U.S. debt clock hit $16 trillion. Compare that to the end of 2008, just days before President Obama officially took office, when the total federal debt was short of $10 trillion. That’s a 60 percent increase in the federal debt in less than 4 years! Now more than … More

    Cronyism: Crushing the Free Market and Promoting Rent-Seeking

    Imagine your son or daughter aspiring to be a government crony instead of an engineer or business owner. That nightmare scenario plays out in a new video by Crony Chronicles, a website that fights cronyism. In the video, kids who might otherwise have become doctors and architects aspire instead to … More

    Washington Needs Budget Sense

    Budget Sense, a bi-weekly newsletter from The Heritage Foundation, delivers the most recent developments in the struggle to bring America’s fiscal house in order and save the American Dream. Each issue of Budget Sense features the latest work from Heritage experts giving timely information, commentary, and analysis on the issues … More

    How Much Will Taxmageddon Cost Your Family?

    Check out and share our new infographic on the impact of Taxmageddon.  

    What Taxmageddon Really Means for Families

    Taxmageddon is approaching closer by the day. Much of the focus has been on the impact Taxmageddon will have on the economy. But just how will this massive tax hike impact America’s most fundamental unit of society? Families will see their taxes go up by more than $4,100—just in 2013—because … More

    Obama Misses Budget Deadline—Again

    President Obama seems to view budget deadlines as mere suggestions. During his term, Obama has missed all but one deadline to deliver his annual budget and midsession review. This week marks another year in which the President missed both deadlines. This consistent track record of missing statutory budget obligations is … More

    Student Loan Deal Risks Taxpayer Pension Bailout

    The discussion over whether to extend federal subsidies for student loans largely hinges on whether the House and Senate come to an agreement over how to pay for the resulting $6 billion tab for taxpayers. Federal student loan subsidies make for bad policy all by themselves. Yet in its scramble … More