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    Chart of the Week: Runaway Spending, Not Low Tax Revenue, Fueling Deficits

    Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals for insisting that any deal include a massive tax hike. In a speech at Heritage last week, he said tax revenue isn’t the problem facing the United States in the future; it’s the … More

    Nine Companies Financed by Liberal VC Firm Get Taxpayer Backing

    Scribe has reported extensively on the tendency of large government spending projects to reward the politically connected. It’s a virtual constant of federal interventions in the market, and perhaps nowhere is it more evident than in the Obama administration’s “green jobs” push. Writing on National Review Online today, I detail … More

    Scribecast: Rep. Kevin Brady on Taxes, Free Trade and Why Texas Is Best

    Rep. Kevin Brady (R-TX) visited Heritage earlier this week for The Bloggers Briefing and stuck around to chat in our Robert H. Bruce Radio Studio. On this week’s Scribecast, we cover tax reform, Brady’s MAP ACT, free-trade agreements and what Texas can teach the rest of America. Listen to our … More

    Yes, Real Cuts in Continuing Resolution, But Still Far Short of House Budget

    One of the most crucial issues confronting the nation is the debt and spending crisis. Standard & Poor’s downgraded the nation’s credit rating in August, while Moody’s put the U.S. on watch for a possible future downgrade. America is hemorrhaging debt, and bold steps are needed now to get spending … More

    Chart of the Week: Total Tax Burden Is Rising to Highest Level in History

    President Obama unveiled the details of his jobs plan last week, including a proposal to offset the new government spending with tax hikes. It’s a bizarre strategy for a president who says he wants to create jobs. As the above chart from Heritage’s 2011 Budget Chart Book illustrates, Americans are … More

    Presidential Race Puts Social Security Reform Back on National Agenda

    Social Security took center stage at last night’s Republican presidential debate, emerging as a key issue among candidates at the Ronald Reagan Presidential Library in California. Not since President Bush’s ill-fated attempt to reform the social insurance program in 2005 have Republicans talked this much about Social Security. Of course, … More

    Heritage Libertad Radio: Jobs, Religion in America, More

    Be sure to listen to last week’s Heritage Libertad radio show, both in English and Spanish. The show included segments on President Obama’s upcoming jobs speech, the role of religion in politics and, as always, a segment answering Heritage member questions. Questions included: Is the United States a democracy or … More

    A Fifth Keynesian 'Stimulus'?

    The concept of a Keynesian stimulus never seems to tire among politicians eager to grow the economy artificially by spending other people’s money. Recently, Obama’s Secretary of Agriculture Tom Vilsack encouraged expanding SNAP, the Supplemental Nutritional Assistance Program aimed to help the poor, as a way to stimulate the economy. … More

    President Obama, Paul Krugman Botch History

    Proponents of government spending are fond of citing 1937 as an example of when government implemented sharp austerity, and the economy derailed. This argument is dead wrong. On Thursday, New York Times columnist Paul Krugman argued that fiscal austerity right now would make our economic crisis worse. “Even if we manage to avoid immediate catastrophe, the … More

    VIDEO: Public Opinion on Debt Ceiling and Government Spending

    Bankrupting America is out with a new video today running though recent polling data on the debt ceiling and government spending. As lawmakers in Congress continue to debate the issue — the Senate will skip its Independence Day recess for the first time since 1974 — it’s worth reflecting on … More