Providing for the defense of the United States is Congress’ constitutional obligation. Lawmakers should recognize defense is a necessity, if not the federal government’s most important responsibility. In recent years, however, defense spending has continued to decline as entitlement spending increased. Priorities are being misplaced as the gap between entitlement spending and defense spending continues to widen. This chart is part of Heritage’s 2011 Budget Chart Book, featuring infographics on federal spending, revenue, debt and deficits, and entitlement programs.
The U.S. is a worldwide business leader. However, high corporate taxes increase the difficulty for businesses to compete internationally in this age of globalization. Private investment in the U.S. can be increased if the federal statutory corporate income tax rate is reduced. According to Heritage analysts, the federal corporate rate matters for U.S. economic growth because all corporations’ investment decisions are influenced by the tax rate’s effect on a project’s rate of return. Additionally, it influences where multinational businesses decide to invest in new productive capital. In order to spur economic …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. It’s Now Obama’s Economy – Henry Miller Leave ‘No Child’ behind – The Detroit News Faster yuan rise on cards – Zhong Nan “We’re inches away from no longer having a free economy.” – St. Petersburg Times Health and defense lobby groups ready for super fight – Anna Yukhananov & Jim Wolf Obama Admin Decision Makes Obamacare Fund Abortions – Steven Ertelt White House photo sparks protest – Lolita Baldor Three-quarters …
After a night of fun in New York, President Obama will welcome the Super Bowl XLV Champion Green Bay Packers to the White House today, despite the bitter rivalry between the President’s beloved Bears and the Cheeseheads. The Packers will be honored for their victory and team efforts. They will also be recognized for their philanthropic efforts. Last night’s presidential debate in Ames, Iowa was anything but calm. Minnesotans Michelle Bachmann and Tim Pawlenty had perhaps the most significant heated exchanges, with the presidential hopefuls trading a set of fiery one-liners. The …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. South China Sea: It’s not Beijing’s lake – Kim Holmes Are federal social programs working? No one knows. – David Muhlhausen Every Single One: The Politicized Hiring of Eric Holder’s Voting Section – Hans A. von Spakovsky Government is wrong starting point for caring for the poor – Jennifer Marshall ‘Waiver’ warning – Pittsburgh Tribune Review Washington to nation: What economic crisis? – Steven Thomma & Lesley Clark OUR VIEW: …
Republican presidential candidates are gearing up for the first Iowa presidential debate tonight. FOX News and The Washington Examiner are presenting the debate, which will take place at Iowa State University in Ames, Iowa. The event leads into Saturday’s Iowa Republican Party Ames Straw Poll, which can be a pivotal moment for campaigns. The Hill reports many Republicans who plan to attend Saturday’s straw poll are still undecided on their candidate, which is highly unusual this close to the event. That makes this evening’s debate even more important. After backing out of …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Russian ‘reset’ malfunction – Ariel Cohen How Obama can get re-elected: Act like Reagan – Neil Reynolds After $65 billion, Fannie and Freddie want more of your money – Abby W. Schachter Federal Reserve to Markets: You’re On Your Own Now – Elizabeth MacDonald Obamacare Hides $50 Billion in Annual Costs – Tom O’Connell Sweden: Wealth Management In A “Social Democracy” – Max Skjönsberg Wisconsin GOP ‘Darling’ Deals Democrats a Blow …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Fueling higher gas prices – Ed Feulner Yemen looks like al Qaeda’s new heartland – James Carafano Left’s Tea Party Invective on Boil – Brian Darling Pity the debt-paying generation – Bill Beach & Dustin Siggins TWO VIEWS: Voter ID is a sensible precaution – Hans von Spakovsky Population and climate change: Bend baby curve like Beckhams – Chuck Donovan Contraception edict tramples conscience – Rebbeca Hagelin Ryan: Deficit committee unlikely …
Wisconsinites are headed to the polls to cast their votes in the Wisconsin recall elections. The recall campaigns — against six Republicans today and against two Democratic state senators next week — have gained national attention. They stem from the fierce standoff between the Legislature earlier in the year. The unprecedented circumstances in Wisconsin ensure low voter turnout and noncompetitive results won’t be a problem. Numerous politicians are calling for Treasury Secretary Timothy Geithner’s resignation following the downgrade of the U.S. credit rating from AAA to AA+. Congresswoman and presidential …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. House forces pro-forma sessions to avoid recess appointments – Pete Kasperowicz The dead remain on Wisconsin voter list – M.D. Kittle Twitter’s ‘Who to Follow’ List Overwhelmingly Promotes Liberal Pundits, Media Outlets – Aubrey Vaughan Another View: Drastic solutions needed for permanent debt fix – William Beach U.N. subsidies: Get the ax – Tribune-Review An unintended consequence of the debt deal? Obamacare cuts could come – Tina Korbe What’s Ailing Wall …
