You may be wondering whether anyone, after all, went over the fiscal cliff at the end of December. News reports about Congress’s last-second legislation certainly conveyed the impression that everyone stepped away from that fateful edge. However, if you are under the age of 35, that rushing sound you hear …
Philip Ewing, in an article on Politico Pro about the vice presidential debate, asserts that comments about defense spending by Representative Paul Ryan (R–WI) signal that Governor Mitt Romney could abandon his pledge to maintain the defense budget at 4 percent of gross domestic product (GDP). Ewing is jumping to …
DENVER — Members of The Heritage Foundation’s policy team joined experts from across the country at the Conservative Political Action Conference in Colorado. The event included a surprise visit from former Governor Mitt Romney and speeches by Senators Orrin Hatch (R-UT), Marco Rubio (R-FL) and John Thune (R-SD). Heritage experts …
Yesterday, the U.S. national debt passed $16 trillion. On President Barack Obama’s watch, the debt has increased by 50 percent, as campaign promise after campaign promise has drowned in a sea of federal spending. When he was running for President, Obama condemned George W. Bush for adding $4 trillion to …
As the public debate swirls over whether and how to limit the size and cost of the federal government, The Heritage Foundation’s longstanding efforts to shrink the government gain ground. In May 2010, Heritage published Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, and Restore …
China (GDP: $5.9 trillion) overtook Japan ($5.5 trillion) as Asia’s largest economy in 2010. Despite its rapid growth and much larger population, however, China’s economy still remains less than half the size of the U.S. ($14.6 trillion). Recent reports indicate that China’s economy has been showing signs of slowing, further …
On the afternoon of another discouraging assessment of the nation’s economic growth, the Obama Administration late Friday quietly released its mid-year update of the budget. The synchronicity made clear just how far from reality the President’s fiscal and economic policies have drifted—and the imperative of a prompt course correction. Friday …
