Yesterday’s USA Today brought the not so surprising news that federal tax revenue has fallen drastically due to the struggling economy. The 34% decrease represents the largest plunge since the last major recession in 1981. Although revenue is down, the main driver of deficits is spending. Over the long term …
Massive increases of spending by the Obama Administration, from the stimulus to its proposed budget, have created historically unprecedented large deficits that will push the nation’s debt level to unsustainable levels. It was only a matter of time before the proponents of big government began their push to substantially increase …
President Barack Obama is attempting the mitigate the sting of his astronomical spending spree during his first 100 days by lauding a forthcoming $100 million spending cut. Heritage budget expert Brian Riedl has some real ideas on how to save money and grow the economy, but in the meantime even liberal …
[youtube]http://www.youtube.com/watch?v=0LHrIxc-QyE[/youtube] In the video above, Governor Rick Perry (R-TX) offers support for a bipartisan resolution in the Texas legislature in support of states’ rights under the 10th Amendment of the U.S. Constitution. Governor Perry says: “I believe that our federal government has become oppressive in its size, its intrusion into …
Employment took another hit in march, according to the Bureau of Labor Statistics, with job losses climbing another 0.4 of a percentage point to 8.5 percent, the highest level since 1983. What should we do? Heritage scholars James Sherk and J.D. Foster have an idea: These discouraging numbers underscore that …
A grassroots movement gaining momentum across America, and refusing to be knocked down by administration hit jobs, is calling for President Obama to do something besides spend money. The furor, originally voiced by CNBC reporter Rick Santelli on the floor of the Chicago Board of Trade, is directed at government policies …
Washington – Congressman Mike Pence of Indiana, Chairman of the House Republican Conference, railed against government spending and lack of transparency at the Conservative Bloggers’ Briefing today at the Heritage Foundation. “We think it’s time the Democrats put our money where their mouth is,” he said. We’re advocating that congress …
From the NYT‘s write up on President-elect Barack Obama’s promised public works program: Mr. Obama’s plan, if enacted, would be in part a government-directed industrial policy, with lawmakers and administration officials picking winners and losers among private projects and raining large amounts of taxpayer money on them. Government picking winners …
