Remember the debt? That $17 trillion problem? Some in Washington seem to think it’s gone away. The Washington Post reported that “the national debt is no longer growing out of control.” Lawmakers and liberal inside-the-Beltway organizations are floating the notion that it’s not a high priority any more. We beg …
Congress rammed Obamacare through without many Members even reading the bill. Now it’s applying that same frantic, complex, pie-in-the-sky legislating to immigration. The similarities are frightening. 1. Extreme Costs The Government Accountability Office now projects that under the most realistic scenario, Obamacare will add $6.2 trillion to the primary deficit …
Our nation is going broke, and now is not the time to increase burdens on American families. The Border Security, Economic Opportunity, and Immigration Modernization Act (S. 744)—commonly called the “Gang of Eight bill” after the eight Senators who came up with it, Charles Schumer (D-NY), Dick Durbin (D-IL), Robert …
President Obama finally released his budget yesterday—more than two months late. Heritage experts immediately went to work analyzing the mounds of new spending on education, manufacturing, “clean energy,” infrastructure, and small business. But the President didn’t stop at more of the same failed stimulus and Solyndra-type policies. He also piled …
Minimum Wage President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help. When the price of something rises, people—both consumers and employers—purchase less of it. Americans responded to the higher cost of gas by driving less. Businesses …
At first look, the budget unveiled today by House Budget Committee Chairman Paul D. Ryan (R-WI) advances much-needed reforms and importantly accomplishes the crucial goal of balancing the budget within the decade, though this is partially on the coattails of Obama’s tax increases. Not a silver bullet, it is more …
Sequestration has taken effect, and yet government spending continues growing. Sequestration’s 2.4 percent reductions are not enough to fix Washington’s spending and debt problem because they do nothing to reform entitlement programs, whose costs will grow rapidly with America’s aging population. As more Americans age and retire, more Americans will …
The growing national debt demands immediate attention and real solutions from America’s elected leadership. That was the message delivered yesterday by a group of young Americans at a press conference with House Budget Committee Chairman Paul Ryan (R-WI) and Representative Cathy McMorris Rodgers (R-WA). “The greatest dysfunction of all is …
