In the 1993 comedy Dave, a small-town presidential impersonator is called on to pretend to be the actual President of the United States when the commander in chief takes ill. Dave steps into the White House, takes his new role too far, and with wide-eyed innocence promises America, “I’m initiating …
Congressional leaders led a national debate in July 2011 about the problems of federal overspending and overborrowing. Unfortunately, at the end of the debate, Congress enacted a so-called Budget Control Act that did little to control overspending and vastly increased borrowing. Congress then scooted out of town for the month of …
President Barack Obama made two fundamental mistakes today in his press conference which was intended to calm the markets. First, he did not lead off with a moment of reflection on the loss of American military lives in Afghanistan over the weekend. Second, he completely missed the boat on why Standard …
On Friday evening, Standard & Poor’s (S&P) downgraded the U.S. credit rating from AAA to AA+. As we and other conservatives warned, the spending reductions in the deal negotiated by President Obama to raise the debt ceiling were inadequate, and S&P reacted as we predicted but sooner. Neither Moody’s nor …
In the midst of a world embroiled in economic turmoil, a few nations have managed to do surprisingly well—among them, Estonia. After near economic collapse during the 2008–2009 financial crisis, the country has managed to successfully bounce back with substantial GDP growth, a vibrant trade environment, and a notable budget …
Tune in here at noon ET on Sunday to listen to Heritage Radio. Topics will include the new job numbers, the economy, and a discussion with Heritage expert James Gattuso on the increasing number of government regulations. We will also be answering a number of member questions on air including: When …
The U.S. Treasury Department came out today with its Debt Position and Activity Report for July. The news is bleak. With the additional $238 billion the Treasury immediately borrowed when the debt ceiling was raised on August 2, total current debt now exceeds 2010 gross domestic product (GDP) for the …
In case you missed this week’s Heritage Libertad Radio Show, make sure to listen to it here: Heritage Libertad Radio Show: La Raza, Member Questions, Education The hour-long program kicks off its first 30 minutes in Spanish, covering the debt ceiling: What’s the debate really about? And why are the …
