Heritage’s newly released Issue Brief “What the FY 2014 Budget Should Do” provides a blueprint for turning back Washington’s unsustainable spending and keeping national defense fully funded. Modernizing the U.S. military is critical. After all, “to provide for the common defense” is one of the primary constitutional responsibilities of the …
A February 26 article by CATO Institute Analyst Christopher A. Preble wrongly asserts that the imposition of automatic spending cuts, called sequestration, will not make the U.S. less safe. In fact, these reductions, which come on top of reductions to the defense budget that are already being made, will not …
Valentine’s Day is supposed to be when couples come together and celebrate their relationship, but the 13 tax increases in the 2013 fiscal cliff deal unfortunately continued America’s marriage tax penalty. For example, the new tax rates apply after the first $450,000 for a married couple. But if they were …
Unless Congress acts, March 1 will trigger a $55 billion-per-year ($43 billion in 2013, as the fiscal cliff deal delayed the cuts for two months) cut in national defense, known as sequestration, which will weaken the United States’s ability to defend itself. But this does not have to happen; Congress …
The debt ceiling is bearing down on Washington. As with most such momentous occasions, plenty of partisan potshots have been exchanged, like this whopper from the White House: that House Republicans who are demanding spending reductions in exchange for increasing the debt limit would compromise the full faith and credit …
The editorial board of The Washington Post, no organ of conservative opinion, is absolutely right: “Medicare as we know it is not sustainable,” and the “ultimate solution” is structural reform. Bingo. The right structural reform is to expand Medicare’s defined-contribution financing (routinely called “premium support”) as it broadly exists today …
