All you are likely to hear about low tax rates from liberals and their echo chamber in the media is that they don’t work—that they fail to gin up economic or job growth. Exhibit A for this preposterous proposition is the
While the national debt continues its climb above $14.3 trillion, the day is fast approaching when Congress will, once again, vote to increase the debt limit. This brings new urgency to the need to rein in Washington’s out-of-control spending binge. Since entitlement programs (Medicare, Medicaid, and Social Security) are the …
There’s urgency in Washington to fix a problem that’s been a long time coming: America’s fast track to fiscal implosion. In The Heritage Foundation’s just-released, expanded 2011 Budget Chart Book, you can see just how bad the country’s spending problem is and how America racked up so much debt. Congress …
Treadmills for shrimp and poetry in zoos. The AARP recently decried these examples of government spending as part of a recent TV campaign against Medicare and Social Security reform proposals. AARP says that in order to balance the budget, Congress should consider cutting funding for these types of programs, instead …
Congressional Quarterly reported yesterday that Democrats, led by Representative Chris Van Hollen (D–MD), are pushing to use “tax overhaul” as a means to cut a deal to increase the debt ceiling by $2.4 trillion: Van Hollen also revealed that Democrats on the panel have “put a whole menu of options …
Sen. Orrin Hatch (R-UT), ranking member on the Senate Finance Committee, outlined a comprehensive plan for reforming Medicaid yesterday at Heritage. Medicaid is a program for low-income Americans, one of the big three entitlements. Hatch’s vision corresponds with the wishes of more than two dozen Republican governors, who wrote him …
Billion used to be a big number in the United States, but today trillion is tossed around with increasing regularity. We could use your help communicating its significance. Whether it’s the $14.3 trillion public debt or the $62 trillion owed for the government’s unfunded liabilities, the number is so large …
The White House yesterday launched yet another signature initiative to cut wasteful spending, once again setting the Administration’s key utility infielder, Vice President Joe Biden, to the task. This latest campaign follows a previous effort launched in 2009 directing the cabinet secretaries to track down a whole $100 million—yes, million—in …
