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    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

    Morning Bell: Providing for the Common Defense Uncommon in White House

    Though the President made a big deal about Father’s Day, on national security issues the White House continues to look like an absent father. What can we expect from the White House on Independence Day? On issue after issue, Obama appears ambivalent or just flat wrong. Last week, President Obama … More

    CBO: Do Not Delay, Reform Entitlements Now

    Yesterday, the non-partisan Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook and the news is grim. The preface opens, Under current laws and policies, rapidly rising health care costs and an aging population will sharply increase federal spending for Medicare, Medicaid, and Social Security. Unless increases in revenues … More

    President’s PAYGO Proposal is Unworkable

    President Obama today is promoting a Pay-as-You-Go (PAYGO) statute requiring that tax cuts and entitlement expansions be collectively deficit-neutral. Congress is likely to take up the proposal later this month. Since 2007, Congress has had a PAYGO rule mandating that each new tax and entitlement bill be deficit-neutral. Because it … More

    Results of the Owe-bama Debt-O-Rama

    President Obama recently said, One hundred days ago, in the midst of the worst economic crisis in half a century, we passed the most sweeping economic recovery act in history…One hundred days later, we are already seeing results.” President Obama is right: In the last one hundred days, the U.S. … More

    Towering Debt and Deficits Highlight Urgent Need for Entitlement Reform

    Yesterday’s USA Today brought the not so surprising news that federal tax revenue has fallen drastically due to the struggling economy. The 34% decrease represents the largest plunge since the last major recession in 1981. Although revenue is down, the main driver of deficits is spending. Over the long term … More

    Out of Money? Value-Added Tax Next Up

    Massive increases of spending by the Obama Administration, from the stimulus to its proposed budget, have created historically unprecedented large deficits that will push the nation’s debt level to unsustainable levels. It was only a matter of time before the proponents of big government began their push to substantially increase … More

    Morning Bell: The Obama Spending Cut Farce Continues

    On October 7, long after Lehman Brothers collapsed and the extent of our economic downturn was known, Teresa Finch of Nashville, Tennessee, asked both presidential candidates: “How can we trust either of you with our money when both parties got — got us into this global economic crisis?” Then-candidate Barack … More

    Cap and Tax Will Force You to Make Budget Cuts: Part 2 in a 10-Part Series

    On April 20, President Obama called for $100 million in budget cuts after announcing spending increases of $4 trillion. Heritage Senior Policy Analyst Brian Riedl breaks it down nicely: • It is 1/40,000 of the federal budget; • It is 1/7,830 the size of the recent “stimulus” bill; • It … More

    The First 100 Days: Best and Worst Moments

    Early this morning we asked a question on the Heritage Foundation’s Twitter and Facebook pages: What were Obama’s best and worst moments in his 1st 100 days, in your opinion? The response was overwhelming. We had 130 comments on Facebook and over 100 replies/messages on Twitter. Although there were many responses, the theme … More