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  • federal spending

    Budgets in Comparison: Will President Obama’s Budget Save the American Dream?

    When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly passed a budget according to law. Never mind that the President’s budget is supposed to lead Washington budget discussions, rather than follow. The key question … More

    National Financial Capability Month: Is President Obama Setting a Good Example?

    Last week, the President declared April 2013 National Financial Capability Month in an effort to encourage Americans to budget responsibly. This is a commendable goal. However, with the President’s budget more than two months late, it’s worth considering how the President is managing the nation’s finances: He grew the national … More

    $123,000 Department of Education Salary in the Time of Sequester

    What pain has sequester wrought at the federal Department of Education? Apparently, not much. The 4,200-person agency has just hired a new “executive director of the White House Initiative on Educational Excellence for African Americans.” Fox News reports that the position apparently commands a six-figure salary, as the new director—a … More

    Ryan House Budget Would End Spending on High-Speed Rail

    Federal funding for high-speed rail would end under the House fiscal year 2014 budget introduced by Budget Committee chairman Paul Ryan (R–WI). Costly high-speed rail and other intercity rail projects are not federal priorities, especially in this era of trillion-dollar budget deficits. They should not be exempt from budget cuts. … More

    House vs. Senate Budget: What a Balanced Budget Looks Like (CHART)

    This week, the budget committees of both chambers of Congress released their budgets ahead of President Obama’s budget—marking the first time in 92 years that Congress kicked off the budget process instead of the President. The House budget, under the helm of Chairman Paul Ryan (R–WI), delivers a balanced budget … More

    The Senate Continuing Resolution and Its Demons

    The massive spending bill released by the Senate this week suffers the same flaws as the measure the House passed last week: It spends too much, fails to protect national defense, and is full of unnecessary, wasteful spending. Like the House bill, the Senate’s continuing resolution (CR)—which is needed to … More

    Heritage Experts' Reaction to Senate Continuing Resolution

    The massive spending bill, or continuing resolution, released by the Senate this week continues spending on programs which are inappropriate or wasteful and fails to adopt good policies in many areas. Here’s a rundown of some of the worst offenders in the Senate bill: Obamacare. The CR fails to stop … More

    Strong Defense and Fiscal Responsibility: It’s Possible

    Public perception may be that the sequestration cuts to the defense budget is about eliminating waste and inefficiency in the Department of Defense (DOD). In reality, sequestration will result in the loss of military capabilities. Then-Secretary of Defense Leon Panetta acknowledged in a January press conference that of the Obama … More

    Sequestration: Much Larger Spending Cuts Needed to Balance the Budget

    Sequestration, the set of automatic spending reductions set to hit on March 1, barely makes a dent in federal spending over the next decade. Much larger spending cuts are needed to rein in growing spending and debt and avoid a debt crisis. Federal spending is projected to grow from $3.6 … More

    Morning Bell: Obama's Sequester Smokescreen

    Suppose you desperately needed to lose weight but had a Big Mac with fries and a Coke staring you in the face. You could take your need to diet seriously and say, “No thanks, I’ll have a salad.” Or you could decide to reduce the Big Mac meal by 2 … More