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  • Entitlements, Taxes & Spending

    Budget 2011: Video: What Does The Federal Budget Freeze Look Like?

    From the creator of Obama Budget Cuts Visualization and The National Debt Road Trip, now comes, What Does The Federal Budget Freeze Look Like? For common sense conservative solutions to our nation’s budget deficits, see:

    A True Roadmap to Fiscal Sustainability: The Numbers Don’t Lie

    During his State of the Union Address, Obama said that if “anyone from either party has a better approach that will bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors, and stop insurance company abuses, let me know.”  Earlier that day, Representative Paul Ryan (R-WI) … More

    Senate Puts Politics Over Fiscal Responsibility In Debt Limit Vote

    On Thursday, the Senate passed a bill to increase the debt limit. Senate Majority Leader Harry Reid’s (D-NV) amended version of the bill passed by the House will raise the ceiling on the federal debt by $1.9 trillion. This is a huge increase from the House version, which allowed an … More

    Obama’s State of the Union Address Dampens Hope for a Real Budget Action

    In his State of the Union Address, President Obama made several commitments to fiscal responsibility in the years to come. What do they really mean though? President Obama’s proposed three-year discretionary spending freeze, excludes defense, homeland security, veterans’ and international affairs, is somewhat promising. The savings won’t be large — … More

    Rep. Ryan Presents Roadmap for a Sustainable Fiscal Future

    Our nation is on an unsustainable fiscal course. The three major entitlements – Social Security, Medicare, and Medicaid – alone are set to eclipse historical tax levels by 2052 and a realistic assessment of the Congressional Budget Office baseline shows the government piling on an additional $13 trillion over the … More

    Morning Bell: President Obama Is Right, We Have A Spending Problem

    Tonight in his State of the Union address, President Barack Obama is expected to propose a “freeze” on government spending. Obama’s spending “freeze” will only last three years, will not start until 2011, will only apply to a $447 billion slice of the federal government’s $3.5 trillion budget, and will … More

    Baucus Commission Is No Solution for Spending

    The Senate this week is considering amendments to Majority Leader Harry Reid’s (D-NV) legislation to raise the debt limit.  Reid’s bill is a substitute to the version that passed the House, which would add $925 billion to the federal debt ceiling, but his would hike the limit by $1.9 trillion … More

    Is Obama's Underwhelming Spending Freeze A Fakeroo?

    The President has the right idea with his proposal to freeze spending.  Unfortunately, after driving spending to a record $3.7 trillion—nearly 26% of GDP—last year with the accompanying $1.4 trillion deficit, the proposal is at best a bit….underwhelming. According to the administration, only $447 billion in spending would be subject to … More

    The Domenici/Rivlin Debt Reduction Task Force

    Today in Washington, the Bipartisan Policy Center (BPC) launched its new Debt Reduction Task Force, chaired by former Sen. Pete Domenici (R-NM) and former OMB director and CBO director Dr. Alice Rivlin. The task force will aggressively address the abysmal fiscal outlook of the United States economy due to government … More

    Morning Bell: The State of Our Union

    The President of the United States tomorrow will inform the Congress on the State of our Union, as he is constitutionally mandated to do. The past 12 months have seen our country head down a dangerous course, and The Heritage Foundation can only hope that the President will use this … More