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    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

    FY 2014 Budget Should Keep Defense Fully Funded

    Heritage’s newly released Issue Brief “What the FY 2014 Budget Should Do” provides a blueprint for turning back Washington’s unsustainable spending and keeping national defense fully funded. Modernizing the U.S. military is critical. After all, “to provide for the common defense” is one of the primary constitutional responsibilities of the … More

    Obama Budget to Be Submitted Even Later

    The Obama Administration is on track to beat former President Bill Clinton for second-longest delay in submitting a presidential budget on time. First place for the latest budget in history? That also goes to President Obama. In 2009, he did not submit a budget until 98 days after the statutory deadline. … More

    Unionized Federal Workers: We’ll Get Our Pay Despite Sequester

    Up to 875,000 federal workers may experience mandatory unpaid leave for one day per week thanks to sequestration, resulting in a 20 percent pay cut for 22 weeks beginning April 1. But the union that represents federal workers is vowing to get that pay. National Federation of Federal Employees spokesperson … More

    Sequestration: Much Larger Spending Cuts Needed to Balance the Budget

    Sequestration, the set of automatic spending reductions set to hit on March 1, barely makes a dent in federal spending over the next decade. Much larger spending cuts are needed to rein in growing spending and debt and avoid a debt crisis. Federal spending is projected to grow from $3.6 … More

    Morning Bell: Where Could We POSSIBLY Cut the Federal Budget?

    If you had to cut your family’s budget, where would you cut? Would you immediately start starving your children and stop wearing shoes? Of course not. You would look at the extras in your life—whether they were coffee shop lattes, movie tickets, or restaurant meals. It’s a good thing the … More

    Chart of the Week: Sequestration Cuts 2.4 Percent out of Total Spending

    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 … More

    Small Business Owners to Congress: Fix the Debt with Entitlement Reform

    The National Small Business Association’s economic report finds, “The growing national debt is the number one thing small businesses thin[k] Congress and the administration should address.” Small businesses employ the majority of American workers and are vital to the innovation that grows the American economy. After a severe recession, the … More

    Morning Bell: Why Should I Care About the U.S. Debt?

    You’re busy. So busy you barely have time to read these words. So why should you care about the us debt? Does it affect your life? Unfortunately, high government debt is having more of an impact on each of us than we realize. Heritage’s Romina Boccia explains that high levels … More

    Senate Sequester Plan: They Can’t Be Serious

    The Hill newspaper demonstrated a keen knack for understatement today with its account of Senate Democrats’ $110 billion sequester replacement proposal: “The bill would appear to have little chance of reaching President Obama’s desk, however, given opposition from House and Senate Republicans to increasing any taxes to replace the sequester.” … More