Despite all the talk of “austerity,” little has been done to stem the tide of the United States’ ever growing debt. The little that has been cut is in area that needs it most: defense. The Budget Control Act’s sequestration hits defense disproportionately and essentially ignores entitlement spending, the leading …
“Provide for common defense” is a core constitutional obligation of the federal government. Yet entitlement spending is putting unsustainable pressure on the defense budget. In 1965, Medicare, Medicaid, and Social Security constituted 2.5 percent of gross domestic product (GDP) while defense made up 7.4 percent. The Office of Management and …
It’s one thing to talk a good game about cutting spending, but it’s quite another thing to actually do something about it. This week, the House of Representatives has an opportunity to finally set some limits on Washington’s spending spree while also ensuring that the U.S. military has the resources …
Heritage recently released the 2012 Federal Budget in Pictures. It graphically illustrates the direction our country is headed under current policies. Click here to join us right now for our “Lunch with Heritage” online chat. We are joined by Heritage’s Alison Fraser and she is taking your questions about the …
There are six key elements to a successful federal government budget, including the plan released today by House Budget Committee chairman Paul Ryan (R—WI): Does it cut spending sharply and quickly? Does it begin decisive entitlement reform? Does it avoid any tax hikes? Does it ensure a strong national defense? …
America’s fiscal condition is dauntingly dismal. The national debt is well on its way to $17 trillion, 13 million Americans are out of work, and the country is stuck in the slowest recovery in the post-war era. Despite Washington bleeding taxpayers dry with reckless overspending, the U.S. Senate has not …
