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 …
China has the world’s second-largest GDP, the world’s largest monetary base, and the world’s largest foreign exchange reserves. Its large internal and external economic imbalances can matter a great deal to the global economy. There are claims China is now rebalancing. It isn’t. Claims of rebalancing are based on the …
The Congressional Budget Office (CBO) estimate of the President’s budget reveals a reckless fiscal plan that shirks the spending cuts in the Budget Control Act and increases spending by more than $1 trillion over the next 10 years. It confirms that Obama is the first President to preside over four …
