• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • federal budget

    Celebrating Coolidge: Champion of Budget Cuts, Tax Reductions

    “You never want a serious crisis to go to waste,” former White House Chief of Staff Rahm Emanuel famously said. Since then, the country has spent the Obama Presidency lurching from one crisis to the next. From the debt ceiling to the fiscal cliff to, today, the sequester, the federal … 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

    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

    Morning Bell: How to Balance the Budget in 10 Years

    Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate would put together a budget for the first time in three years—and the details of that budget are crucial. To prevent the federal debt from … More

    Will Debt Ceiling Baby Step Lead Toward a Balanced Budget?

    The debt ceiling is bearing down on Washington. As with most such momentous occasions, plenty of partisan potshots have been exchanged, like this whopper from the White House: that House Republicans who are demanding spending reductions in exchange for increasing the debt limit would compromise the full faith and credit … More

    Best of the Morning Bell in 2012

    Continuing our series highlighting the best of 2012, we wanted to bring you the most popular Morning Bells of the past year. The Morning Bell started five years ago and has grown to be Heritage’s signature e-newsletter. If you have not subscribed to it, you can do that today. 1. Obama … 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: 10 Facts on the Fiscal Cliff, Debt, and Spending

    Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in Congress to avert a major tax hike, sequestration, and other major policy changes, today we bring you … More

    Chart of the Year: Entitlements and Interest Drive the Fiscal Crisis

    The end of 2012 was marked by lawmakers engaging in a distracting fiscal cliff debate over tax rates when the solution to the real fiscal crisis lies in an entirely different area of the budget. Federal spending on entitlements and interest on the debt drives the federal budget crisis. Together … More

    Morning Bell: Conservatives Stand Their Ground

    “When you can’t make them see the light, make them feel the heat.” President Ronald Reagan’s sound advice rang true yesterday. Grassroots activists and conservative groups, led by Heritage Action for America, derailed a plan to raise taxes on some Americans and small businesses. Lacking votes from his own party, … More