Yesterday, Sen. John Thune (R-SD) spoke at Heritage on the urgent need to rein in federal spending and reform the budget process. As Thune explained, there are 26 committees and subcommittees dedicated to spending, but not one to cutting spending. Afterward, he sat down with us for a short interview …
Still in the midst of a recession, the United States finds itself at a crossroads regarding which path will lead to economic growth and job creation. There are two choices: further government involvement and a stronger role for Washington—accompanied by higher taxes and heavier regulation—or the path of less government, …
Serious doubts surround President Obama’s National Commission on Fiscal Responsibility and Reform, which has been tasked to make recommendations to Congress to reduce the federal deficit. Many fear that the commission will recommend the creation of a value-added tax (VAT) or similar tax increases to pay for Washington’s reckless spending. …
Lawmakers in Washington are quick to talk the talk of fiscal reform these days. Solutions to the nation’s abysmal financial outlook are at the tip of everyone’s tongue, and even Democrats have conceded that maybe conservatives were right when pointing out that the United States doesn’t have a tax problem …
Today, the Congressional Budget Office (CBO) released its Social Security Policy Options report, which highlights some of the proposals made by policymakers and legislators to restore the Social Security program to long-term sustainability. Social Security, which provides living assistance to retired workers and those with disabilities, is in need of …
At this point, Americans on every imaginable side of the deficit debate agree that federal spending is out of control. Something must be done—but the question is, what, and how, and by whom? Lawmakers on Capitol Hill talk about deficit reduction an awful lot—so why haven’t they done anything about …
Yesterday, the Congressional Budget Office released its annual long-term Budget Outlook, which provides a look at mandatory federal spending on health care after passage of the Patient Protection and Affordable Care Act. One may have expected to see drastic changes after the passage of Obamacare. After all, this legislation was …
Our newest video highlights a recent paper on welfare reform by Heritage’s Robert Rector and Kiki Bradley. In the video and this new report, we reveal some startling statistics: Welfare spending is climbing faster than spending for education, defense, and even Social Security and Medicare. After adjusting for inflation, welfare …
