The government has maxed out its credit card again, mortgaging America’s future with yet more debt. Obama Administration Treasury Secretary Timothy F. Geithner, in a letter to Congress the day after Christmas, said, “I am writing to inform you that the statutory debt limit will be reached on December 31, …
Rumors are swirling that included in their negotiations to avert the “fiscal cliff,” President Obama and House Speaker John Boehner (R–OH) may add an additional $100 billion in cuts as an alternative to the roughly $500 billion in defense budget cuts over nine years required by sequestration under the Budget …
In just a little over a decade, the U.S. federal debtwill exceed 100 percent of gross domestic product (GDP), an “economically damaging” level, according to analysis from The Heritage Foundation based on numbers provided by the U.S. Office of Management and Budget and the Congressional Budget Office. To the numbers: …
Last night’s debate between President Obama and Governor Romney was supposed to focus on foreign policy. It turned into a wide-ranging conversation on everything from the Middle East to American teachers. Heritage Foundation experts were live blogging analysis throughout the night. Below are some highlights from their reactions. Join us …
Today, the threats to our national security are complex, fluid, and hard to fully comprehend. This requires a serious look at what the U.S. can do to affect events worldwide that would produce outcomes favorable to our interests, rather than allowing other nations to drive events, some of which are …
Tonight’s presidential debate is a good opportunity for President Obama and Governor Mitt Romney to tell the nation what they would do about our spending crisis and the looming fiscal cliff—in particular, the problem of the automatic defense budget cuts. Leadership on this issue is crucial. Some conservative lawmakers are …
Philip Ewing, in an article on Politico Pro about the vice presidential debate, asserts that comments about defense spending by Representative Paul Ryan (R–WI) signal that Governor Mitt Romney could abandon his pledge to maintain the defense budget at 4 percent of gross domestic product (GDP). Ewing is jumping to …
