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  • federal spending

    Is Increasing Education Spending Really Good News?

    We received an email today from Education Secretary Arne Duncan. “By now, I expect you’ve heard the good news,” the Secretary wrote. “…at a time when most government spending is frozen, the President proposed a significant increase in discretionary spending for education in his fiscal year 2011 budget.” We were … More

    Department of Education Exempt from Spending “Freeze”

    It appears that President Obama will exempt education from his so-called spending freeze. Despite the fact that Obama already doubled the Department of Education’s budget through the Omnibus and Stimulus bills last year, he plans to continue the spending binge. The Washington Post reported yesterday: Administration officials said they could … More

    CBO Baseline Shows Staggering Debt

    The Congressional Budget Office (CBO) today released a ten-year budget baseline showing $6 trillion in deficits over the next decade. Yet because Congress requires the CBO to include all sorts of unrealistic assumptions (that all tax cuts will expire, that the AMT will never again be patched, that discretionary spending … More

    Morning Bell: President Obama Is Right, We Have A Spending Problem

    Tonight in his State of the Union address, President Barack Obama is expected to propose a “freeze” on government spending. Obama’s spending “freeze” will only last three years, will not start until 2011, will only apply to a $447 billion slice of the federal government’s $3.5 trillion budget, and will … More

    Fatal Flaws of the Conrad-Gregg Commission

    This month, Congress will face every shopaholic’s worst nightmare: a maxed out credit card. After a year of seemingly endless government spending, the Senate must now vote to increase the limit on how much debt the federal government can carry. Lawmakers really have no option but to pass this unfortunate … More

    President Obama’s Fictional Spending Cuts

    Last spring, President Obama proposed $11.3 billion worth of discretionary spending cuts. Today’s Washington Times notes that Congress accepted $6.9 billion worth of these cuts, a 61 percent success rate. In a $3.6 trillion federal budget, that comes to just 0.2 percent of the federal budget. But there is a … More

    Rethinking Big Government

    As Congress returns to Washington, the crucial decisions that await lawmakers will have enormous financial ramifications for the country for years to come. House and Senate leaders continue their struggle to land a health care bill on the President’s desk this month, even though proposed legislation would add to the … More

    Where Is Our Debt Coming From?

    Spending. As Heritage Foundation Senior Policy Analyst Brian Riedl explains, runaway federal spending is where our historic levels of debt are coming from. Watch: And as Reidl mentions, as fast as spending has been rising this century, thanks to our long term Entitlement obligations, our spending and deficit problems will … More

    Budget 2011: Why Our Debt Matters

    Interest. Or to be more precise, interest payments. That, Heritage Senior Fellow J.D. Foster explains, is the biggest reason why Americans should be very concerned with the trillions of dollars in debt our federal government is piling up in Washington. Watch: And the situation is only going to get worse … More

    One Billion Dollars is . . .

    A million here, a million there, and pretty soon we’ve got real money. So said Illinois’s Sen. Everett Dirksen, the long-time Minority Leader during the 1960s. who often reminded his colleagues about how quickly a million here and there added up to enormous sums of public spending. Today, of course, … More