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  • Entitlements, Taxes & Spending

    Replace the culture of entitlement with the culture of mutual responsibility.

    JPMorgan Loses $2 Billion; Still Beats Postal Service

    JPMorgan Chase’s $2 billion trading loss is top news nationwide. But over at the U.S. Postal Service (USPS), such losses are business as usual. USPS reported a typical (for it) $3.2 billion loss for the most recent quarter. Try that comparison on for size. JPMorgan Chase incurred a “whale” of … More

    Tax Cuts Stimulate Sweden

    Since the beginning of the recession, academics, authoritative international institutions, and most government officials pushed for massive stimulus spending. Sweden bucked the trend, focusing instead on slashing marginal tax rates and peeling government back. How did it fare? The Spectator reports: While most countries in Europeborrowed massively, Borg did not. … More

    Morning Bell: Stopping the Largest Tax Hike in History

    The largest tax hike in history is due to strike the United States on January 1, 2013. Known as “Taxmageddon,” it would impose $494 billion in higher taxes on the American people in the first year. So terrible would be its impact that yesterday Fed Chairman Ben Bernanke warned Senate … More

    Speaker Boehner Plans to Stop Taxmageddon Train Wreck

    House Speaker John Boehner (R–OH) announced yesterday that the House is gearing up to vote prior to the November election on extending all of the tax provisions scheduled to expire at the end of the year. This is welcome news, given the necessity of swiftly steering this tax policy train … More

    Obama Keeps Recycling Failed Tax Policies

    There he goes again. It seems that President Obama just can’t help himself. He keeps pushing Congress to pass policies it has rejected in the past or has foolishly passed to little beneficial effect. The latest recycling of policies comes from the President’s Post-It note to-do list for Congress. If … More

    Running & Responsibility: How Former Addicts Are Overcoming

    If you told recovering alcoholic and drug addict Hermon Blount a year ago that he’d soon be getting up 3 or 4 days a week at 5:30 a.m. to run, he may not have believed you. That was before he decided to quit drinking and using drugs in exchange for … More

    “I’m from the Government, and I’m Here to Make You Happy”

    Did you know that President Obama’s “Yes, We Can” Administration has been funding a research project to invent a composite index that measures happiness? Yes, you read right—an aggregate index that aims to compute your happiness, mine, and our nation’s. Everybody wants to be happy, and it might be nice … More

    Morning Bell: Will Congress Defend Our Military?

    It’s one thing to talk a good game about cutting spending, but it’s quite another thing to actually do something about it. This week, the House of Representatives has an opportunity to finally set some limits on Washington’s spending spree while also ensuring that the U.S. military has the resources … More

    Morning Bell: A Better Life for Julia

    Her name is “Julia,” and if you haven’t seen her, she’s a colorful cartoon character invented by the Obama campaign to help spread the message of how women will “benefit” under the president’s policies. What it shows instead, though, is the president’s vision of America — that individuals need the … More

    Congress Needs to Act Now on Taxmageddon

    A few weeks ago, around Tax Day, Heritage started warning of Taxmageddon—a one-year, $494 billion tax hike that slams the economy on January 1, 2013, unless Congress and President Obama act to stop it. At that time, Taxmageddon was merely a blip on Washington’s radar, because the conventional wisdom was … More