President Obama’s so-called Buffett Rule just won’t go away. It is back in its latest iteration because Senate Democrats proposed it to partially offset the soon-to-begin sequestration spending cuts. In the Senate Democrats’ version, the Buffett Rule, named after famed investor and vocal advocate for (and benefactor of) liberal policy …
Economic scholars have recently shown how high government debt has a negative effect on long-term economic growth. Government debt crowds out private investment, slowing the growth of gross domestic product (GDP) and wages. The consensus is that “debt drag” gets worse as debt rises. Like piling bricks on a sled, …
Heritage Foundation President Dr. Edwin Feulner is in South Korea on Monday attending the inauguration of Park Geun-hye as that nation’s new president and successor to Lee Myung-bak. Feulner has remained a stalwart advocate for Korea-U.S. relations for more than 40 years, and in that time has met with every …
Federal spending will explode from $3.6 trillion to $6 trillion over the next 10 years, but the much-maligned sequester will cut only 2.4 percent of this spending. Sequestration represents a relatively small cut in projected spending. So why are so many in Washington wringing their hands over a two-and-a-half percent …
President Obama’s Chief of Staff Denis McDonough recently said of former-Senator Chuck Hagel (R–NE), “I think he’ll be a great Defense Secretary. This is a guy who volunteered to go to Vietnam…heavily decorated when he was there, well performing when he was there, and everything since.” Members of the U.S. …
The union whose strike led to the bankruptcy of Hostess last year has just been awarded government benefits from a program few qualify for. Last year, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union refused to accept concessions that would have kept Hostess in business. The company had …
Israel was a conspicuous omission when the itinerary of Secretary of State John Kerry’s first trip overseas to Europe and the Middle East was announced this week. Although Kerry will visit Egypt, Qatar, Saudi Arabia, Turkey, and United Arab Emirates, he will not be visiting America’s most important ally in …
Today, U.S. Senator John Cornyn (R–TX) and 14 other U.S. Senators sent a letter to President Obama calling on him to withdraw former Senator Chuck Hagel’s (R–NE) nomination for Secretary of Defense. The President should listen. The powerful letter is a sign of the mounting opposition to Hagel’s confirmation, which …
