It seems that no aspect of American life can escape government regulation. In the past year, regulators drafted rules that addressed everything from caloric intake to dishwasher efficiency. Most of these rules increase the cost of living, others hinder job creation, and many erode freedom. Not all regulations are unwarranted, …
Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in Congress to avert a major tax hike, sequestration, and other major policy changes, today we bring you …
Last week North Korea successfully launched an Unha-3 rocket, thereby demonstrating an alarming capability to target U.S. territory with ballistic missiles. China is rapidly expanding its fleets and arsenals in an unprecedented military build-up, while intimidating other countries in East Asia—including U.S. allies. The Middle East is a conflagration of …
The threat of sequestration—the half-trillion dollar cut to defense set to occur January 2, 2013—has been debated and prevention plans have been discussed since before it was even written into law. The budgetary measure was written to be so unpalatable that Congress and the Administration would have to find a …
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: …
There are many ways to surrender—and some congressional Republicans seem bent on exploring them all. In the debate over the fiscal cliff, the President’s position is simple: The Republicans must capitulate on income tax rate hikes, and all other serious issues are not up for discussion. Never mind that Obama …
