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    Discouraging Retirement Savings Is No Way to Reduce the Federal Deficit

    It’s a fact that runaway spending, not lack of revenue, is the cause of long-term federal deficits. Still, some continue to push for higher taxes to solve the problem. A favorite tool of would-be revenue raisers is to eliminate “tax expenditures”—revenue the federal government “forgoes,” they say, due to tax … More

    On the Budget: Ryan 40, Obama Zip, Senate Dems—No Show

    In just about any contest, a score of 40–0 is a pretty impressive trouncing. In football, that’s five touchdowns, a field goal, and a safety—think Ohio State versus Northern Virginia Community College. In baseball it’s almost beyond belief. Ditto basketball. Yet that was the score yesterday in the United States … More

    Tax Hikes Are Not Government Savings

    Most people think of savings as that portion of a family’s income that they put away for emergencies, a big purchase, or their kids’ college education. It seems that some in the media want to change that definition. The Hill ran an article equating tax increases with “savings” in terms … More

    Congressman Roskam Discusses Energy, Gas on Heritage Radio

    On Sunday, May 22, the team at Heritage Libertad hosted their monthly talk show on WEBR Fairfax public radio. The bilingual show – with the first half in Spanish and the second half in English – featured commentary on a broad range of topics. The English segment covered the economy, … More

    U.S. Hits Debt Ceiling, but Default Is Completely Avoidable

    Now that the U.S. hit its $14.3 trillion debt ceiling on May 16 and the doomsday predictions of the financial apocalypse that was going to tank the economy failed to materialize, the question remains: How should Congress respond? Congress has until August 2 to respond. It could raise the debt … More

    The Speaker’s First Step on the Journey Toward “Saving the American Dream”

    Conservatives have a clear objective: to drive down government spending and debt, protect America, and balance the budget without raising taxes. In New York City last night, Speaker of the U.S. House of Representatives John Boehner (R–OH) outlined in remarks about the debt limit a useful first step to take. … More

    Balanced Budget Amendment Is the Price for a Debt Limit Increase

    A battle is raging within the conservative movement on Capitol Hill whether to shoot at the flag stick or lay up (in golf terms). The battle is between the Balanced Budget Amendment (BBA) versus a statutory spending cap bill. Both factions have good points. The bold, shoot-at-the-flag-stick faction of the … More

    In Pictures: 2011 Budget Chart Book Illustrates Our Fiscal Future

    America’s financial future is at a crossroads.  While Congress debates the right path to balance the budget and restore order to the nation’s fiscal house, now more than ever, citizens must understand the problem and what is at stake. The Heritage Foundation’s special preview of the 2011 Federal Budget Chart … More

    Morning Bell: Uncontrolled Spending Is the Real Threat

    All across Western Europe—the land of platinum-plated social benefits, the 35-hour work week, tony retirement plans and government-funded health care—countries are coming to the realization that they can no longer afford these luxuries amid skyrocketing deficits. Yet here in the United States, as we face a $14.3 trillion deficit, some are … More

    Bipartisan Policy Center's "SAVEGO" Is a Free Pass to Tax Hikes

    It seems everyone except President Obama is presenting a detailed plan for dealing with our nation’s rapidly growing debt these days. The latest entry comes from the Bipartisan Policy Council. One feature of their plan, “SAVEGO,” calls for automatic spending cuts and higher taxes should Congress not reduce the debt … More