Preliminary figures from the Congressional Budget Office (CBO) show that Washington ran a $1.291 trillion deficit in 2010, just slightly less than last year’s $1.416 trillion. To put these figures in perspective, the annual budget deficit between 1789 and 2008 never reached $500 billion. As a percentage of the gross …
In his Monday “Hey Small Spender” column, New York Times columnist Paul Krugman bizarrely denied that federal spending has significantly expanded over the past two years. He asserted that “[t]here never was a big expansion of government spending” and “the big government expansion everyone talks about never happened.” Yet for …
My fellow conservatives, The stakes couldn’t be higher for our nation at this moment. In the coming months, Americans will help choose which direction our nation’s future will take. Will the federal government continue to spend more, tax more, control more, and defend our liberties less? Or will we choose …
Reducing budget deficits by cutting government spending has a stronger record of economic stimulus than either reducing the deficit with tax increases or increasing government spending. That’s what Harvard economists Albert Alesina and Silvia Ardagna have found in their recent research. They examined 107 instances of large reductions (at least …
The front page of today’s Wall Street Journal brings some unsurprising yet alarming news about the nation’s fiscal situation. Simply put, the federal government is spending an increasing amount on benefits in the form of entitlements while simultaneously trimming the number of taxpayers paying the bill: Efforts to tame America’s …
It’s back to school time for students across the United States, and no doubt parents and students are hoping for a successful year. But what does the Obama Administration have in store? Heritage’s Kids Deserve Better: Stopping the Obama Education Agenda Factsheet has the answers. A Reckless Spending Spree Since …
Vice President Joe Biden is at it again, this time spouting off on his desire to raise taxes through the looming expiration of the 2001 and 2003 tax cuts. The White House favors extending current tax policy—but only for individuals making under $200,000 and families making under $250,000, allowing rates …
