President Obama finally released his budget yesterday—more than two months late. Heritage experts immediately went to work analyzing the mounds of new spending on education, manufacturing, “clean energy,” infrastructure, and small business. But the President didn’t stop at more of the same failed stimulus and Solyndra-type policies. He also piled …
When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly passed a budget according to law. Never mind that the President’s budget is supposed to lead Washington budget discussions, rather than follow. The key question …
Tomorrow, President Obama will finally release his overdue budget request, and the next day, the House Armed Services Committee will hold a hearing on that request. The hearing witnesses will be Secretary of Defense Chuck Hagel and Chairman of the Joint Chiefs of Staff, General Martin Dempsey. It appears likely …
Yesterday, Secretary of Defense Chuck Hagel gave his first major speech since he was confirmed for the job in February. “The Department must understand the challenges and uncertainties, plan for the risks, and, yes, recognize the opportunities inherent in budget constraints and more efficient and effective restructuring,” he said. Secretary …
In the ongoing debate over deficit reduction, President Obama and his colleagues in the House and Senate incessantly call for tax increases as if our budget problems persisted because of taxes being too low. If only the federal government could usurp more of taxpayers’ hard earned money, the line of …
The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It advances more aggressive entitlement reforms than the House Budget Committee plan, including Social Security, and features deeper spending cuts. Nevertheless, the plan also suffers weaknesses, …
Public perception may be that the sequestration cuts to the defense budget is about eliminating waste and inefficiency in the Department of Defense (DOD). In reality, sequestration will result in the loss of military capabilities. Then-Secretary of Defense Leon Panetta acknowledged in a January press conference that of the Obama …
A February 26 article by CATO Institute Analyst Christopher A. Preble wrongly asserts that the imposition of automatic spending cuts, called sequestration, will not make the U.S. less safe. In fact, these reductions, which come on top of reductions to the defense budget that are already being made, will not …
