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    Fed Nominee Brainard Needs Nuance on Austerity

    In her hearing before the Senate today, Federal Reserve Board nominee Lael Brainard reportedly said that “expansionary austerity is a contradiction and does not work.” This one-dimensional view of a complex set of policies ignores extensive academic research and lacks the nuance we expect from those who serve on the … More

    Paul Krugman: Selective Data Usage

    Paul Krugman, in the words of a former New York Times public editor, “has the disturbing habit of shaping, slicing and selectively citing numbers.” Most recently, he selectively cited numbers about austerity in Europe, hoping to redefine the policies that made the German economy so buoyant. Germany is worth paying … More

    Want Spending Reduced? Support Cutting Your Favorite Government Program

    It’s time for citizens to hold elected officials accountable about spending – even if that means their favorite government-funded program gets axed. There’s no hint that Washington is starting to take our outrageous spending levels seriously. On the contrary, on Capitol Hill this week, lawmakers are preparing to vote in … More

    Your Money in Pictures: The Top 5 Charts of 2013

    As part of our countdown to the new year, here are Heritage’s top five must-see charts of 2013. 5. What If a Typical Family Spent Money Like the Federal Government? While middle-class families are still plagued by a sluggish recovery in the Obama economy, this is what their finances would … More

    The Ryan–Murray Budget Deal: Unnecessary Pain for Americans

    The controversial budget deal reached by Representative Paul Ryan (R–WI) and Senator Patty Murray (D–WA) has been criticized by experts on both sides of the issue for delaying needed budget reforms. Romina Boccia, Heritage’s Grover M. Hermann Fellow in Federal Budgetary Affairs, discussed the deal with Obama’s car czar Steven … More

    Poll: 65 Percent of Americans Think Congress Can Find More Spending Cuts

    As the Senate prepares to take up the new House-passed budget that undoes sequester cuts and increases spending, a clear bipartisan majority of American voters—65 percent—“firmly disagree[s] that ‘there are no more cuts to make’ to federal spending,” according to a recent poll conducted by the Tarrance Group. The poll, … More

    The Budget Deal -- and Why We're $17 Trillion in Debt

    Country singer Aaron Tippin’s old hit song “You’ve Got to Stand for Something (or You’ll Fall For Anything)” could be the new theme song for the Republican leadership in the U.S. House. There’s a reason that 71% of Republicans across America are dissatisfied with Republican leadership in Washington. The big … More

    Budget Conference Spending Cuts: Start with Amtrak Subsidies

    A good place for budget conferees to start cutting federal spending would be at Amtrak, the federally subsidized passenger rail service, with its $72 million loss on its food and beverage service in fiscal year (FY) 2012 and generally poor financial performance. Amtrak’s inspector general Ted Alves states in a … More

    The More You Buy, the More You Save

    ‘Tis the season for sales. But beware of this enticing line: “The more you buy, the more you save!” Because, when the bill comes, the truth is: The more you buy, the more you spend. Some Members of Congress are using this logic in their latest budget proposal. They’re promising … More

    Heritage Expert Analysis on the Ryan–Murray Budget Deal

    Representative Paul Ryan (R–WI) and Senator Patty Murray (D–WA) forged a budget deal without even trying to address the key drivers of spending and debt in a meaningful way. Instead, the deal increases spending immediately while delaying deficit reduction until later and trades some spending cuts for more revenue. Below … More