Last week’s presidential debate at the Reagan Library elevated Social Security as a national issue that could reshape the 2012 campaign. Candidates spent the week trading blows about the role of the 76-year-old social insurance program. Leaving aside the political rhetoric, one thing is certain: Social Security needs to be …
Providing for the defense of the United States is Congress’ constitutional obligation. Lawmakers should recognize defense is a necessity, if not the federal government’s most important responsibility. In recent years, however, defense spending has continued to decline as entitlement spending increased. Priorities are being misplaced as the gap between entitlement …
The U.S. is a worldwide business leader. However, high corporate taxes increase the difficulty for businesses to compete internationally in this age of globalization. Private investment in the U.S. can be increased if the federal statutory corporate income tax rate is reduced. According to Heritage analysts, the federal corporate rate matters …
With the United States engaged in a debate over debt, the common consensus among Americans is that spending needs to be reduced. A recent poll commissioned by Generation Opportunity and the polling company, inc./WomanTrend found this was especially true among young Americans who are self-identified independents. They believe less federal …
President Obama and congressional leaders can’t seem to agree on any plan to avert a debt crisis. As the White House’s Aug. 2 deadline approaches, the House has adopted the Cut, Cap and Balance Act, while the Senate has floated a number of bad ideas. Earlier this year, The Heritage Foundation formulated …
Throughout the debate over the debt limit these past few weeks, Americans have become increasingly alarmed with our nation’s staggering $14.3 trillion debt. Many might wonder how the government is ever going to repay its mounting debt. Unfortunately, that responsibility will fall to the Debt-Paying Generation (ages 5-30). Currently, every …
President Obama will meet with congressional leaders tomorrow to resume talks on the debt limit. The rare Sunday meeting between top Republicans and Democrats could signal the start of “hard bargaining” after Thursday’s debt talks left the parties far apart. While Democrats want tax increases on the table in debt negotiations, Republicans …
