We’ve warned before that the federal government’s exploding appetite for debt was helping to create a Global Government Debt Bubble. The Obama Administration has even been trying to worsen the problem by lobbying other countries to borrow even more money, despite the fact that our own record borrowing makes their …
In the latest issue of Rolling Stone, New York Times columnist Paul Krugman targets Heritage’s Brian Riedl. In defending the $1.1 trillion “stimulus,” Krugman writes: One last line of attack was the claim that fiscal stimulus, in principle, simply can’t work. You hear this from conservative ‘experts’ like Brian Riedl …
The cratering stock market and accelerated job losses are beginning to shake the left’s confidence in President Barack Obama’s economic policies. But, being the left, they don’t want an actual change from the borrow and bailout policies that have ruled both the Bush and Obama Administrations. Instead they want even …
Congressmen Tom Price (R-GA) and Jim Jordan (R-OH) should be commended for introducing a bill this week that will eliminate a little noted provision passed in the stimulus bill which severely undermines the success of the historic 1996 welfare reform law. H.R. 1277, the Welfare Reform Restoration Act, repeals Section …
Senator Tom Coburn (R-OK) ought to be commended for exposing the left’s commitment to reforming the way Washington does business as nothing more than empty rhetoric. Last night Coburn forced votes on two amendments to the $410 billion omnibus appropriations bill that forced liberal Senators to approve of $10 million …
Continuing their fabulous work fighting for transparency in government, The Sunlight Foundation‘s Nancy Watzman has a series of posts up this week asking that Congress afford the American public a mere 72 hours to read legislation before they take it up for consideration. Her first post recounts how terribly President …
During President Obama’s address to a joint session of Congress last night, Heritage analysts and scholars offered advice and criticism of policies said and unsaid. From Foreign Policy to Nuclear Energy to price controls on the economy, Heritage covered it all:
Gov. Bobby Jindal (R-LA) took a lot of criticism last week for declaring his intention to turn down the unemployment insurance parts of the Obama Administration’s economic stimulus aid. Jindal noted that the legislation written by the leftist majorities in Congress required states to permanently expand their unemployment insurance programs …
The Heritage Foundation does not believe in Keynesian economics. We do not believe that massive government spending has a “multiplier effect” which turns the initial amount of money spent by the government into an even greater increase in national income. Economic studies of projects claiming to have a “multiplier effect” …
