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Founded in 1973, The Heritage Foundation is a research and educational institution—a think tank—whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense. We believe the principles and ideas of the American Founding are worth conserving and renewing. As policy entrepreneurs, we believe the most effective solutions are consistent with those ideas and principles.

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Posts Tagged ‘government debt’

  • Obama’s $1 Trillion Birthday Present

    Posted August 5th, 2009 at 4:30pm in Ongoing Priorities 17

    President Obama celebrated his 48th birthday yesterday, but instead of being showered with gifts, he handed the American people the biggest present of all: one trillion dollars in new debt. Since Obama was inaugurated in January, the national debt has grown over one trillion dollars to a whopping $11.669 trillion. In contrast, it took 2.5 years [...] More

  • What is a Trillion Dollars, Anyway?

    Posted July 24th, 2009 at 9:30am in Enterprise and Free Markets 2

    This week’s bloggers’ briefing brought the biggest crowd yet; standing room only. What was the draw? Matthias Shapiro, mastermind of the 10,000 pennies videos that have become a viral sensation, showed the eager bunch how to utilize the overused rhetoric and statistics of the day to instead communicate the numbers coming out of Washington in [...] More

  • In the Green Room: Rep. Tom Price

    Posted July 13th, 2009 at 4:52pm in Enterprise and Free Markets 5

    Rep. Tom Price thinks we can do a better job of stimulating the economy without increasing the debt burden of future generations. Watch: More

  • Towering Debt and Deficits Highlight Urgent Need for Entitlement Reform

    Posted May 28th, 2009 at 3:34pm in Entitlements 6

    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 these deficits will become increasingly [...] More

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

    Posted April 7th, 2009 at 9:51am in Enterprise and Free Markets, Ongoing Priorities 18

    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 Congress should not embark on an [...] More