• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Economics

    Americans Want Solutions, Not Procrastination on Debt, Budget Crisis

    Nearly two-thirds of Americans polled by Bloomberg answered that “it is right to require spending cuts when the debt ceiling is raised…because Congress lacks discipline on spending.” Their voices were not heard by Congress as it signed its terms of surrender. In the final hours before October 17—the alleged day … More

    $17,000,000,000,000

    President Obama boasted last week that he had signed legislation to lift “the twin threats” to our economy of government shutdown and default. But what was done to fix the problem of growing debt that leads Washington to repeatedly raise the debt ceiling? Nothing. In fact, by Friday, the U.S. … More

    Updated JCT Methodology Will Improve Scoring of Tax Bills

    The Joint Committee on Taxation (JCT) finally updated the antiquated way it analyzes business taxes. The update is an important and long-overdue step that will modernize and vastly improve the way JCT scores bills and aid in the drive for tax reform. JCT plays an integral part in improving policy … More

    Water Resources Bill: Don’t Repeat the Olmsted Lock Mistake

    In typical Washington fashion, lawmakers shoved an authorization for the Olmsted Lock and Dam Project—which, in this context looks a lot like an earmark—into the fast-moving, eleventh-hour deal ending the government shutdown and averting a debt crisis. Olmsted is located where the Mississippi and Ohio Rivers meet near the Kentucky, … More

    Alcohol: Let’s Drink to Government Reform

    In most states, alcohol is regulated but available to adults. Picking up a six pack of beer at the grocery store to share with friends or a bottle of wine for dinner with your spouse is relatively straightforward. However, it’s much more difficult in Pennsylvania, where the state government controls … More

    Obama's Priorities vs. the Economy

    Now that the government is whirring again, President Obama has identified three priorities for the country. Here’s a quick look at how they stack up against your priorities. “There is a lot of work ahead of us, including our need to earn back the trust of the American people that … More

    Farm Bill: A Response to President Obama

    In his recent remarks, President Obama made a push to get a new farm bill enacted by the end of the year. Sound agriculture and food stamp policy should be the goal, not getting a farm bill done at all costs based on an artificial timeline. The House and Senate … More

    Senate Debt Ceiling Bill Includes 10 Pages of Nonsense

    Last night Congress passed a bill (the Default Prevention Act of 2013) to suspend the debt limit until February 7, 2014. The bill was then signed into law by the President. There are a variety of policy reasons why suspending the debt limit is fiscally irresponsible. The Default Prevention Act … More

    Senate Deal Fixes Nothing

    The Senate announced a deal today to protect the status quo in Washington. As pundits debate the political winners or losers of this deal, one thing is awfully clear: The American people are once again on the losing end. The Wall Street Journal reports: Senate leaders on Wednesday struck an … More

    Four Charts on How Economic Freedom Makes Your Life Better

    Political gridlock, the government shutdown, and Obamacare are making Americans gloomy. But, largely thanks to economic freedom and the free-market system, things aren’t so bad after all. Americans are currently healthier than at any time in history, live in cleaner environments than most of the world, and have access to … More