Senate Democrats are on the warpath against the House-passed Cut, Cap and Balance Act. They have taken to calling it the “Cut, Cap, and Kill Medicare Act.” At a press conference on Wednesday, Sen. Barbara Mikulski (D-MD) aptly summed up the left’s characterizations of the legislation, calling it “cruel, dangerous, …
[Klein responded in a post Wednesday afternoon. See below for our reply.] Ezra Klein, the Washington Post’s liberal political blogger, has been pushing a pair of questionable assertions in his posts on congressional Republicans’ plan to, as they say, “cut, cap, and balance” the federal budget. Klein has claimed, falsely, …
Our future should not be determined behind closed doors. Yet that’s where the White House and Congress are holding secret talks about our debt ceiling and about taxes and spending. We deserve openness instead. We don’t need another farce when the players suddenly burst from their huddle, line up Members …
In a new Heritage in Focus, Heritage research assistant Emily Goff discusses our 2011 Budget Chart Book which shows in vivid detail the severity of America’s spending crisis. Listen to the full interview here. In this podcast, Goff offers solutions to prevent us from worsening our fiscal situation. In addition, …
Today’s release of the 2011 Long-Term Budget Outlook by the Congressional Budget Office (CBO) yet again confirms what we already know: America’s budget is continuing down an unsustainable path, and the longer we wait to address this problem, the more painful the policy fixes will have to be. The CBO …
Deepening federal budget deficits indicate that one component of the federal budget baseline—either spending or revenue—is out of alignment. Closer inspection reveals that spending is the root cause, but both spending and revenue deserve equal treatment in policy discussions about reducing debt and deficits. Often, however, Members of Congress and …
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 …
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 …
