While the President’s FY2013 budget ignores the looming crisis of entitlement spending, the House and Senate Budget Committees, to their credit, are keeping their eyes on the ball this week with hearings on the three largest threats to the country’s economic health: Medicare, Medicaid, and Social Security. These hearings usefully …
One reason economists sometimes compare themselves to astrologers is that their forecasts are often equally accurate. But when it comes to analyzing government policy, economists have trouble even figuring out what happened in the past. Case in point: The most recent Congressional Budget Office (CBO) report of President Obama’s $831 …
The Congressional Research Service (CRS) recently issued a report that attempts to explain the usage of the term “hollow forces.” The report argues that given the context of the term, it cannot be used to describe dramatic cuts befalling the U.S. military today. Proponents of shrinking America’s armed forces have …
Remember last year’s titanic struggle over increasing the debt ceiling? A mighty contest that threatened to leave the nation in default, lasted for much of the year, and resulted in a $2.1 trillion increase in the national debt—papered over in part by the cover of the not-so-super committee? Well, this …
President Obama’s cuts to defense put America’s national security at risk, argues Heritage’s James Carafano. As the U.S. draws out of two foreign wars, the President assumes that America will no longer require a capable global force. However, these cuts do not account for growing threats throughout the world. U.S …
The Defending Defense project—a joint initiative of AEI, the Foreign Policy Initiative, and the Heritage Foundation—brought together Senators Jon Kyl (R–AZ), Kelly Ayotte (R–NH), and Lindsey Graham (R–SC) and Representatives Howard P. “Buck” McKeon (R–CA), J. Randy Forbes (R–VA), and Marsha Blackburn (R–TN) on Thursday to discuss the implications of …
Obama’s new budget proposal that was unveiled on Monday includes increases budget of the Department of Education to $70 Billion, but it curiously cuts funding to the highly successful D.C. Opportunity Scholarship Program (D.C. OSP). Click here to join us on right now for our “Lunch with Heritage” online chat. …
