Remember last year’s titanic struggle over increasing the debt ceiling? A mighty contest that threatened to leave the nation in default, lasted for much of the year, and resulted in a $2.1 trillion increase in the national debt—papered over in part by the cover of the not-so-super committee? Well, this …
This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food, income, student aid or other assistance. (See last week’s chart.) Another eye-popping number was the percentage of Americans who don’t pay income taxes, which now …
As Congress hammers out the details of the payroll tax extension package, Members on the left and the right are making last-minute attempts to include a number of other provisions, including production tax credits for alternative energy sources. Some republicans are using the “conservatives are the party of lower taxes” …
Today, President Barack Obama released his budget for Fiscal Year 2013. Experts from The Heritage Foundation are analyzing the President’s proposal and offer their reactions, below: President Obama’s Budget Proposal: Running on Empty – Patrick Louis Knudsen Coming from a President whose economic philosophy is a borrowed car company slogan, …
The number of Americans dependent on the federal government has exploded over the past five years, reaching a record 67.3 million people, according to Heritage’s annual Index of Dependence on Government. That means 1 in 5 Americans (21.8 percent) today receive some level of assistance from the federal government. This …
