Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By enacting continuing resolution upon continuing resolution (short-term measures to keep the government running, spending money at the current rate), the Senate has taken a pass …
On Thursday, President Obama formally notified Congress that the total federal debt (debt subject to statutory limit) is within $100 billion of the debt limit and requested an increase of $1.2 trillion. The announcement comes as no surprise, because such an increase is the anticipated third and final installment of …
Earlier this week in New Hampshire, Republican presidential candidates touted the benefits of a Medicare premium support system — the approach to entitlement reform embraced by House Budget Chairman Paul Ryan (R-WI) and The Heritage Foundation. Ryan’s recent partnership with Sen. Ron Wyden (D-OR) helped thrust the idea of premium …
In this week’s Heritage in Focus, economist Bill Beach discusses 2011′s economic misteps and how to readjust economic principles to guide policy in 2012. Click here to listen. What is the fundamental economic concept that led to so many policy mistakes? What’s the proper concept to guide policy moving forward? …