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  • Barak Obama FY2010 Budget

    Top Ten Heritage WebMemos of 2009

    As 2009 draws to a close, The Foundry will be posting a series of Top Ten lists highlighting some of The Heritage Foundation’s most influential work. The Top Ten list of WebMemos below is sorted by pageviews below with the most popular memo at the bottom. If we left out … More

    The Cost of Our National Debt in Pictures

    Late this December, the Unites States Treasury will reach the $12.1 trillion statutory ceiling on the national debt. It will mark the 91st time Congress has had to raise the debt limit since the original $43 billion ceiling was established in 1940. Many on the left argue that the United … More

    Obama's Budget Is More Expensive Than Initially Thought

    When the non-partisan Congressional Budget Office (CBO) released their original estimate of President Obama’s Budget , they said it was going to be expensive: in ten years the President would accumulate over $9 trillion in deficits. Turns out, that was low-balling it. In their original estimate, CBO assumed that interest … More

    Private Sector Sacrifice, Public Sector Gain

    CBS News reports: President Obama’s call last year for “shared sacrifice” doesn’t extend to federal employees, at least based on the details of his administration’s 2010 budget released this week. At a time when the official unemployment rate is nearing double digits, and 6.35 million people are receiving unemployment benefits, … More

    Bush's Spending Cuts vs Obama's Spending Cuts in Pictures

    On Wednesday we exposed the farcical nature of President Barack Obama’s proposed spending “cuts” and today we posted a graphic putting his spending transfers in perspective. Senior White House economic advisor to President George W. Bush Keith Hennessey adds another angle comparing President Bush’s last spending cut request with Obama’s … More

    Obama’s $17 Billion "Cut" in Pictures

    President Barack Obama recently released a list of 121 proposed program terminations and reductions, that he claims would save taxpayers $17 billion. Obama has described these program terminations as spending “cuts”. This is simply not true. Every dollar that Obama “cuts” he has immediately turned into new spending elsewhere in … More

    President’s Budget “Cuts” Should Go Towards Deficit Reduction Rather than New Spending

    President Obama today released a list of 121 proposed program terminations and reductions, at a savings of $17 billion. It is important for any president to get acclimated to the idea of streamlining government, and this exercise can be the first step. Many of the programs that President Obama has … More

    Risky Cuts

    In the past year, Russia’s defense spending has risen 34 percent. China’s defense spending has risen 15 percent. Within the past four months, Iran and North Korea have tested missiles that could someday carry warheads to Europe or the United States. With such conventional and asymmetric military capabilities rising around … More

    Two Decades of Investment on Display

    This week, China celebrated the 60th anniversary of the People’s Liberation Army Navy (PLAN) with a large military parade to display to the world how far the PLAN has come and where it intends to go. The scope of China’s military advancements in recent decades was summarized well in the … More

    Military Compensation Reform: Taking a Bite Out of Defense Spending

    At last week’s speech at the Air War College, Secretary Gates told the officers present that, “Health care is eating the [Defense] Department alive.” The massive expansion of military compensation spending in the past decade has placed the entire system in jeopardy. Healthcare spending alone for 2010 is set for … More