In a recent “60 Minutes” interview, host Steve Kroft primed President Obama with this statement: “Most Americans think we’re spending too much money.” To which Obama uttered a contemplative “Mm-hm.” An understatement, indeed. The nonpartisan Congressional Budget Office estimates that federal spending will reach $3.56 trillion, or about 23 percent …
Federal spending concentrated on the 47 dependence-creating government programs that include housing, farm subsidies, and entitlements now comprises more than 70.5 percent of total federal expenditures as of 2010, according to Heritage’s Index of Dependence on Government. This represents the fourth year in a row that the Index of Dependence …
A non-profit group that represents members of Texas’s public employee retirement system outlined a host of individuals and organizations that it considers “hostile threats” in a recent presentation. The presentation, which the Texas Association of Public Employee Retirement Systems (TEXPERS) posted online, goes on to describe methods of marginalizing those “threats” to …
Francois Hollande won election to the French presidency by promising that more government spending would lead to quick economic growth. He sharply criticized the “austerity”—i.e., sudden spending cuts—proposed by his opponent. A few months later, Hollande has come full circle. In addition to a tax increase that has wealthy French …
The Congressional Research Service (CRS) set out to make a convincing case that lower income tax rates do not strengthen the economy. It failed, but in so doing, it called into question the quality of CRS analysis and the institution’s credibility as non-partisan. The CRS is supposed to provide expert, …
The White House is attempting to use the U.S. military as a bargaining chip to force Congress to raise taxes—the looming “sequestration” budget cuts were never supposed to happen, because Congress was supposed to come to a budget agreement. Now the military faces deep, across-the-board cuts. The President has attempted …
