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  • balanced budget

    Paul Ryan’s Budget Won’t Pass. This Is Why It Still Matters

    Even symbolic gestures can sometimes be important. Consider “The Path to Prosperity,” drafted by Rep. Paul Ryan’s (R–Wis.) budget committee and passed by the House last week. It has no chance of becoming law, but—if it did—it would put the country on a path toward a balanced budget within a … More

    Hurrah Too Soon: White House Budget Revision Shows $759 Billion Deficit in 2013

    The President’s Midsession Review, released this week, projects the 2013 deficit to be lower by $214 billion compared with the earlier Obama budget estimate released in April. But any hurrah would be misplaced. Most of the short-term improvement comes because revenue from the tax increases passed in December 2012 is … More

    A Spend-More, Tax-More, and Borrow-More Budget Would Hurt, Not Help

    Congress needs to drive down federal spending toward a balanced budget, including through entitlement reforms, while maintaining a strong national defense and without raising taxes. Neither the House of Representatives nor the Senate achieved that objective when they adopted their respective versions of the government budget for fiscal year 2014 … More

    Morning Bell: Remember the Economy? It's Still Bad

    According to a poll earlier this year, voters have a higher opinion of cockroaches than Congressmen. President Obama’s personal popularity remains solid, but his job approval rating is going down. Why are our elected officials unpopular? It might just be because they are not listening. In poll after poll, the … More

    Jim DeMint's Speech at CPAC 2013

    You may have heard that I recently received a big promotion. That’s right. I was promoted from the U.S. Senate and ranking member on the powerful Commerce Committee to The Heritage Foundation. Some people have wondered why I would leave the most debilitated body in the world to help lead … More

    House vs. Senate Budget: What a Balanced Budget Looks Like (CHART)

    This week, the budget committees of both chambers of Congress released their budgets ahead of President Obama’s budget—marking the first time in 92 years that Congress kicked off the budget process instead of the President. The House budget, under the helm of Chairman Paul Ryan (R–WI), delivers a balanced budget … More

    The No-Surprise Senate Budget: Higher Spending, Higher Taxes, No Real “Balance”

    After going nearly four years without producing a budget resolution, Senate Democrats today released a plan confirming their mantra about “balanced” approaches has nothing to do with actually balancing the budget. In their view, “balance” is a mix of higher taxes and higher spending, chronic deficits and debt, and a … More

    DeMint: Obama Has Been "Irresponsible As a Leader"

    Yesterday on “Your World with Neil Cavuto,” Heritage President-elect Jim DeMint applauded the House’s efforts to put forth a budget that balances in 10 years and challenged President Obama to engage in budget discussions. “The only budgets we’ve seen from this President have been budgets that nearly double our debt … More

    Morning Bell: First Look at the 2014 Ryan Budget

    At first look, the budget unveiled today by House Budget Committee Chairman Paul D. Ryan (R-WI) advances much-needed reforms and importantly accomplishes the crucial goal of balancing the budget within the decade, though this is partially on the coattails of Obama’s tax increases. Not a silver bullet, it is more … More

    Morning Bell: Obama's Sequester Smokescreen

    Suppose you desperately needed to lose weight but had a Big Mac with fries and a Coke staring you in the face. You could take your need to diet seriously and say, “No thanks, I’ll have a salad.” Or you could decide to reduce the Big Mac meal by 2 … More