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  • entitlement spending

    Small Business Owners to Congress: Fix the Debt with Entitlement Reform

    The National Small Business Association’s economic report finds, “The growing national debt is the number one thing small businesses thin[k] Congress and the administration should address.” Small businesses employ the majority of American workers and are vital to the innovation that grows the American economy. After a severe recession, the … More

    Morning Bell: Spending Cuts Are Happening, One Way or Another

    Federal budget cuts called “sequestration” are scheduled to hit in just 10 days. The sequestration cuts are not perfect—they’re a blunt instrument to cut spending, rather than a deliberative plan that sets priorities, trims entitlements, and cuts other spending. But they are law. It would be better to replace them … More

    Five Health Care Takeaways from CBO’s Report

    The Congressional Budget Office (CBO) released its Budget and Economic Outlook for 2013–2023 today. Here are five major takeaways: 1)      Health care entitlement spending is bypassing all other spending. Spending on Medicare, Medicaid, Obamacare subsidies, and the Children’s Health Insurance Program will be greater than all other spending—including Social Security … More

    CBO: Tax Increase Fails to Solve Spending and Debt Crisis

    While President Obama keeps calling for more taxes, today’s figures from the Congressional Budget Office (CBO) show the tax hike he signed into law just last month will provide no lasting improvement in the federal government’s fiscal outlook. This is because spending continues to grow, driving deficits back toward the … More

    Chart of the Week: Government Spending Drives Debt Limit Higher

    Even though Congress and President Obama reached a fiscal cliff deal, the fallout will continue to be felt by individuals, investors, married couples, and small businesses earning $400,000 and above (for couples, $450,000 and above). And that does not include the impact on all workers hit by the payroll tax … More

    Top 10 Heritage Charts of 2012

    If you’ve read our work, you probably know we love charts. Our signature products — the Index of Economic Freedom and Federal Budget in Pictures — include some amazing informational graphics. We also showcase our charts weekly on The Foundry and in many of our research papers. Today we bring … More

    Morning Bell: Obama Wants Power to Raise Debt Limit By Himself, Anytime

    President Obama wants to do away with Congress when it comes to raising the country’s legal debt limit. Instead of getting permission from the people’s elected representatives to borrow and spend more money, he wants to do that all by himself. It seems typical of the President Obama we know, … More

    Pride Goeth Before a Fall

    In an op-ed in The Washington Times, Heritage’s Kim Holmes voices concerns about how pride may prevent President Obama from reassessing or changing course on certain foreign policies, leaving him and the United States unprepared for the daunting challenges facing the country. Any student of history recognizes that concerns on … More

    How to Explain the Entitlement Spending Crisis to Kids

    In a new video parodying Dr. Seuss’s whimsical style, the American Enterprise Institute puts the problem of growing entitlement program spending in a form elementary school kids can understand. It’s a good thing, too, because their generation will be burdened with paying for this skyrocketing spending if Congress and the … More

    Morning Bell: Heritage Experts React to Vice Presidential Debate

    Vice President Biden and Representative Paul Ryan squared off last night for a spirited and intense 90-minute debate at Centre College in Danville, KY. Topics ranged from foreign to domestic, touching on serious issues that Heritage policy experts grapple with every day. While many commentators were critiquing style, a team … More