Last week, Congressman Jim Jordan (R-OH) and Tom Price (R-GA) introduced the Republican Study Committee (RSC) FY2011 budget. This is a welcome fiscal blueprint that would restore fiscal discipline to the nation and avert a Grecian formula meltdown. It also does an excellent job of drawing a sharp distinction between …
Government spending is increasing at an alarmingly quick rate. This is especially true when it comes to entitlement programs. In fact, entitlement spending will consume all tax revenue by 2052. But Congress is already spending at a breakneck pace accumulating unprecedented debt. Sen. George LeMieux noticed this and had a …
Washington’s runaway gusher of spending makes the Deepwater Horizon disaster look small and simple to stop. Congress is debating another irresponsible round of extra spending (although they refuse to call it “son of stimulus”) before they take a Memorial Day break. The measure would add an estimated $84-billion (or perhaps …
Today President Obama’s deficit commission met for the second time and the Senate Judiciary Committee held a hearing on the Congressional Accountability and Line-Item Veto Act of 2009, which would give the President greater authority to control federal spending. Heritage expert Alison Fraser testified before the Committee on the likely …
Congress is at it again, spending more taxpayer money and significantly adding to the deficit in the process. This latest bout of irresponsible spending is $174 billion tacked on to an otherwise necessary bill to extend long-established, mostly sensible tax-reducing provisions known as the “tax extenders.” The legislation, dubbed Stimulus …
David Ignatius’ latest column “How debt imperils national security” could not get the issue of spending and national security more wrong. He starts off fine asserting that there is “consensus among national security experts inside and outside the Obama administration: To play an effective role in the world, the United …
Germany has taken the clear lead as the European sovereign debt crisis unfolds. This is an obvious outcome because of Germany’s relatively tight rein on government deficits and its policies that have made it Europe’s toughest competitor. Germany’s clear ascension is both good news and bad for Europe, and a …
