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 …
Last week’s presidential debate at the Reagan Library elevated Social Security as a national issue that could reshape the 2012 campaign. Candidates spent the week trading blows about the role of the 76-year-old social insurance program. Leaving aside the political rhetoric, one thing is certain: Social Security needs to be …
The Joint Select Committee on Deficit Reduction (also known as the “super committee”) met for the first time today. This bipartisan, bicameral committee was created in the law increasing the debt limit and is tasked to find between $1.2 and $1.5 trillion in savings over the next 10 years. Membership …
Social Security took center stage at last night’s Republican presidential debate, emerging as a key issue among candidates at the Ronald Reagan Presidential Library in California. Not since President Bush’s ill-fated attempt to reform the social insurance program in 2005 have Republicans talked this much about Social Security. Of course, …
Sometime next week—we don’t quite know when—President Barack Obama is due to announce his latest jobs plan designed to lift America out of its unemployment doldrums. And though we also don’t know the exact details of the plan, there’s a pretty good chance it will include several key components we’ve heard …
