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  • Sequestration

    Morning Bell: Tax Hikes to Start the New Year

    While you were sleeping—or ringing in 2013—the Senate voted to raise taxes. After missing the midnight deadline, Congress and the President have technically sent the nation over the fiscal cliff, meaning higher tax rates are already in effect for all income tax brackets. But the Senate’s deal, brokered by Senate … More

    Morning Bell: 10 Facts on the Fiscal Cliff, Debt, and Spending

    Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in Congress to avert a major tax hike, sequestration, and other major policy changes, today we bring you … More

    Morning Bell: ’Twas the Night Before Cliff-mas

    Christmas arrives this year at a time when our nation is on the brink of the fiscal cliff. With time running out for President Obama and Congress to reach an agreement, this Christmas Eve we bring to you 2012 twist on Clement Clarke Moore’s famous poem, “A Visit from St. … More

    Defense Budget Priorities: Opting for American Decline

    Last week North Korea successfully launched an Unha-3 rocket, thereby demonstrating an alarming capability to target U.S. territory with ballistic missiles. China is rapidly expanding its fleets and arsenals in an unprecedented military build-up, while intimidating other countries in East Asia—including U.S. allies. The Middle East is a conflagration of … More

    The Eleventh Hour: Still Time Left to Stop Massive Defense Cuts

    The threat of sequestration—the half-trillion dollar cut to defense set to occur January 2, 2013—has been debated and prevention plans have been discussed since before it was even written into law. The budgetary measure was written to be so unpalatable that Congress and the Administration would have to find a … More

    Morning Bell: Conservatives Stand Their Ground

    “When you can’t make them see the light, make them feel the heat.” President Ronald Reagan’s sound advice rang true yesterday. Grassroots activists and conservative groups, led by Heritage Action for America, derailed a plan to raise taxes on some Americans and small businesses. Lacking votes from his own party, … More

    Fiscal Cliff Danger: More Defense Budget Cuts to Come

    Rumors are swirling that included in their negotiations to avert the “fiscal cliff,” President Obama and House Speaker John Boehner (R–OH) may add an additional $100 billion in cuts as an alternative to the roughly $500 billion in defense budget cuts over nine years required by sequestration under the Budget … More

    Morning Bell: GOP Leaders Capitulate on Core Conservative Principles

    House Speaker John Boehner (R-OH) and Republican leaders have done it once again. Their latest fiscal cliff proposal capitulates on core conservative principles, yielding woefully inadequate concessions from President Obama in the process. Will they ever learn? The latest GOP offer essentially ignores Washington’s real problem — spending — and … More

    Too Eager for a Fiscal Cliff Deal: Republican Leadership's $1 Trillion Tax Hike

    The latest fiscal cliff proposal by Speaker of the House John Boehner (R–OH) is infuriatingly frustrating to conservatives, again. In exchange for $1 trillion in tax hikes—including the President’s immediate tax rate hike on the wealthy—Boehner asked for just $1 trillion in spending cuts. And, to sweeten the pot for … More

    How Sequestration Budget Cuts Could Affect U.K. Defense

    If sequestration becomes a reality in January 2013, the Department of Defense (DOD) will cut another $500 billion from an already slashed defense budget. These cuts are likely to negatively affect many American allies—especially the United Kingdom. Here are two programs that London should watch carefully: 1. The Short Take … More