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  • federal spending

    What Real Spending Cuts Look Like

    Last week, House Republicans identified a list of $69 billion worth of spending cuts over five years. This might sound good, but in actuality it spends 99% as much as President Obama this year, and 97% as much as the president over the next five years. At The Corner, Heritage … More

    Government Benefits at Highest Level in Recorded History

    Government benefits accounted for 16.2 percent of personal income in the first quarter of 2009 according to new figures from the Bureau of Economic Analysis. This is the highest level since the data began being recorded in 1929. According to a recent article in USA Today government spending on benefits … More

    Towering Debt and Deficits Highlight Urgent Need for Entitlement Reform

    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 … More

    Reject the Value-Added Tax, Rein in Spending Instead

    The Washington Post today ran an article on the possibility of lawmakers enacting a value-added tax (VAT) to pay for soaring government spending. A VAT is basically a national sales tax, and the possible 25 percent tax rate floated in the article would raise the cost of virtually all goods … More

    Out of Money? Value-Added Tax Next Up

    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 … More

    USA Today Misses the Point of Tea Party Protesters

    Two days after Tax Day, April 17, USA Today ran an editorial—Tax rhetoric vs. realtiy—that said the Tea Party protesters had nothing to be mad at because taxes are not that high. Here is snippet: Quick now: How big a bite do federal income taxes take out of the average … More

    Save Those Pennies: Obama's "Cuts" Are Bogus

    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 … More

    Don't Mess With Texas

    [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 … More

    Who Is Going To Pay Off Obama's Debt? Our Kids

    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 … More

    The American Tea Party

    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 … More