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  • deficit spending

    One of America’s Biggest Exports: Treasury Securities

    The Bureau of Economic Analysis (BEA) recently released statistics on U.S. exports for January, but failed to mention of one of the biggest U.S. “exports”—federal Treasury securities. In 2012, the government financed its deficit spending by selling $382 billion in Treasury securities to foreign buyers. To put that in perspective, … More

    Bernanke’s Defense of Fed Policies Neither Comforting nor Convincing

    Do the risks from the Federal Reserve’s trillion-dollar annual stimulus program justify the rewards? That was the central question at Tuesday’s Senate Banking Committee hearing featuring Fed chairman Ben Bernanke. Bernanke worked hard to defend the Fed’s quantitative easing policy, but he appears to oversell the rewards by a mile … More

    CHART: Obama 2013 Tax Increase Twice as Large as Looming Sequestration

    While President Obama is traveling across the nation campaigning against sequestration at the very last minute, the economy is working through a tax increase nearly twice the size of the sequestration cuts for fiscal year (FY) 2013. The President knew for more than a year that sequestration was looming and … More

    Morning Bell: Why Should I Care About the U.S. Debt?

    You’re busy. So busy you barely have time to read these words. So why should you care about the us debt? Does it affect your life? Unfortunately, high government debt is having more of an impact on each of us than we realize. Heritage’s Romina Boccia explains that high levels … More

    Obama Inauguration Speech: More Transportation “Investment”

    President Obama hinted toward at least one aspect of his second-term agenda during yesterday’s inaugural address: more transportation “investment.” No surprise there. Obama’s past budget requests, State of the Union speeches, and the American Jobs Act of 2011 plan have all been peppered with calls for increased federal spending on … More

    Obama's Press Conference: Debt Ceiling Spin

    President Obama referred repeatedly to the debt ceiling debate in today’s press conference in a textbook example of Washington “spin,” or the art of selectively ignoring certain facts while portraying others in a particular light. “You don’t go out to dinner and then, you know, eat all you want and … More

    Morning Bell: 10 Facts on the Fiscal Cliff, Debt, and Spending

    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 … More

    Morning Bell: ’Twas the Night Before Cliff-mas

    Christmas arrives this year at a time when our nation is on the brink of the fiscal cliff. With time running out for President Obama and Congress to reach an agreement, this Christmas Eve we bring to you 2012 twist on Clement Clarke Moore’s famous poem, “A Visit from St. … More

    Deficit Spending and Debt: Lessons from Japan

    Deficit spending does not foster economic recovery. The U.S. and the world need to recognize the stagnation and inter-generational inequality caused by such spending, and for reference, they need not look further than Japan’s recent history of deficits. In addition to its two lost decades, Japan’s heavy borrowing means the … More

    Chart of the Week: Slowest Economic Recovery Since the 1960s

    Americans could be waiting another five years for a return to normal employment based on the sluggish pace of the U.S. economy. After nearly four years in office, President Obama has overseen the worst recovery since the 1960s. This week’s chart comes on the heels of Friday’s employment report, which … More