One of the most crucial issues confronting the nation is the debt and spending crisis. Standard & Poor’s downgraded the nation’s credit rating in August, while Moody’s put the U.S. on watch for a possible future downgrade. America is hemorrhaging debt, and bold steps are needed now to get spending …
According to a new poll issued by Generation Opportunity and The Polling Company, Inc./WomanTrend, America’s young adults are looking at a bleak future as the unemployment rate remains at 9.1 percent. The poll indicates that almost three-quarters of young Americans ages 18 to 29 will postpone important life events associated …
Which comes first: supply or demand? This question has serious policy implications, especially as President Barack Obama proposes $447 billion in additional stimulus spending in order to try to spur job growth in America. “Demand-siders,” also known as Keynesians (after influential economist John Maynard Keynes), insist that short-run economic fluctuations …
Heritage’s experts watched President Barack Obama’s debt reduction and tax increase proposal. Here are their immediate reactions: Obama’s Plan Is More Bad News for Defense President Obama’s approach to deficit reduction, which he outlined in a Rose Garden statement today, means additional bad news for the defense budget and the …
Today, President Barack Obama is expected to announce his latest plan for reducing the deficit, and central to it are $1.5 trillion in new taxes, aimed predominantly at wealthy Americans. Unfortunately for the 14 million unemployed Americans, the President is continuing down his steady path of ushering in big spending …
President Obama unveiled the details of his jobs plan last week, including a proposal to offset the new government spending with tax hikes. It’s a bizarre strategy for a president who says he wants to create jobs. As the above chart from Heritage’s 2011 Budget Chart Book illustrates, Americans are …
Yesterday, I wrote about the House-passed bill H.R. 2887, which would reauthorize expiring aviation and surface transportation programs for a few months. Senator Tom Coburn (R–OK) is expected to offer an amendment to remove a mandate that forces states to waste 10 percent of all Federal Highway Administration money on …
During the Republican debate Monday night in Tampa, Florida, Governor Rick Perry (R–TX) said that President Obama’s $800 billion stimulus created zero jobs. CNN “fact-checked” this statement and determined it was false. To review, in 2009 just before the stimulus was enacted, the unemployment rate stood at 7.5 percent. Today—two years …
