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  • federal budget

    Morning Bell: What Will the Fiscal Cliff Deal Look Like?

    This week, President Obama and House Speaker John Boehner (R-OH) have been trading secret offers on the fiscal cliff. Last night, they met for nearly an hour, and emerged with zipped lips about what progress—if any—they made on averting tax hikes across the board and automatic, deep budget cuts that … More

    Chart of the Week: Cut Spending to Avoid the Fiscal Cliff

    The Heritage Foundation has updated its Saving the American Dream plan as the nation moves inexorably towards the fiscal cliff set to hit at the beginning of 2013. From Amy Payne’s Morning Bell: To meet this challenge, Heritage Foundation experts updated our Saving the American Dream plan to address the … More

    Morning Bell: Obama's "New Economic Patriotism"

    President Obama has a new booklet—a glossy, 20-page spread called “The New Economic Patriotism: A Plan for Jobs and Middle-Class Security.” The title is completely Orwellian, since the plan—which is nothing new—would actually kill jobs, harming the middle class. As expected, the “new patriotism” means paying more in taxes for … More

    Morning Bell: We Can Change America's Course

    Entering the final stretch of the presidential contest, Americans are facing a monumental choice. The American people will decide the direction of government and its role in their lives for the coming years. The debate in Tampa this week raised a number of issues, including preserving the American dream of … More

    Chart of the Week: Tax Revenues Devoured by Entitlements

    The looming unsustainability of the big three entitlement spending programs—Medicare, Medicaid, and Social Security—is not inevitable, but in order to avoid the catastrophic effects of consuming every bit of tax revenue in just one generation, reform is a necessity. Take a look at Medicare, the largest portion of the projected … More

    Washington Needs Budget Sense

    Budget Sense, a bi-weekly newsletter from The Heritage Foundation, delivers the most recent developments in the struggle to bring America’s fiscal house in order and save the American Dream. Each issue of Budget Sense features the latest work from Heritage experts giving timely information, commentary, and analysis on the issues … More

    Congress Rightly Seeks Details on Defense-Devastating Sequestration

    With the commander in chief refusing to address the crippling, automatic cuts to national defense scheduled to start on January 2, Congress is appropriately stepping up and demanding answers. That is the aim of the Sequestration Transparency Act of 2012 (H.R. 5872), which is being taken up in the House … More

    Online Chat about the Federal Budget - LIVE NOW

    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 … More

    Chart of the Week: Obama Makes Defense the Lowest Budget Priority

    President Obama’s budget proposes a sharp increase in entitlement spending and more outlays for domestic programs and interest on the national debt. Defense spending, meanwhile, takes a backseat to Obama’s other priorities. The long-term outlook: Obama would make defense the lowest budget priority among the major categories of spending in … More

    Chart of the Week: Defense Spending Throughout U.S. History

    President Obama visited the Pentagon on Thursday to outline his plan for gutting our nation’s military. Obama’s vision makes America more vulnerable to foreign threats and leaves our armed forces less able to provide for the common defense. As we’ve previously illustrated, Obama has proposed significant reductions to the Pentagon’s … More