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    Are the British Practicing "Austerity"?

    Some prominent left-wing commentators have devoted weekly columns and blogs to the notion that Great Britain has misguidedly pursued harsh spending “austerity” and that doing so has left the country lingering in unnecessary anguish. In the opinion pages of The New York Times, Paul Krugman inveighs that: Britain, in particular, … More

    Chart of the Week: How to Simplify the Tax Code and Lower Taxes

    House Republicans return to Washington today to vote on a two-month payroll tax extension. If news reports are correct, the bill is likely to fail, leaving in doubt how lawmakers will resolve their differences before the year draws to a close. These year-end squabbles are now routine business in the … More

    PODCAST: Debt Deal or Not?

    In this week’s Heritage in Focus podcast, Heritage Action for America CEO Mike Needham discusses the latest on the debt negotiations. Listen to the full interview, here. With the shadows of default looming, what’s the likelihood that Congress strikes a deal? Are there any positive options? Furthermore, what’s the conservative … More

    CBO Figures Once Again Prove Tax Hikes Unnecessary to Fix Budget

    The Congressional Budget Office (CBO) just released its long-term outlook for the federal budget. As expected, we are going broke slightly faster than we were a few months ago. No doubt the usual bigger-government types will use this news to repeat the mantra that we need to both cut spending … More

    Make Easy Spending Cuts, But Don’t Disregard Entitlement Reform

    Treadmills for shrimp and poetry in zoos. The AARP recently decried these examples of government spending as part of a recent TV campaign against Medicare and Social Security reform proposals. AARP says that in order to balance the budget, Congress should consider cutting funding for these types of programs, instead … More

    VIDEO: Freshman Lawmakers Make the Case for Government Spending Cuts

    Many of the freshmen serving in the 112th Congress were elected last November riding a wave of Tea Party activism, fueled in part by frustration over out-of-control government spending. This week they’ll have an opportunity to show the American people they’re living up to their promises as the House of … More

    An Additional $47 Billion in Spending Cuts for the Continuing Resolution

    House Republicans are now pledging to reduce fiscal year 2011 discretionary spending to $100 billion below President Obama’s original request. As reported, this new budget proposal would: Unwisely reduces security spending by $16 billion relative to President Obama’s request; and Reduce non-security spending by $84 billion relative to President Obama’s … More

    Dissecting the House Budget Committee’s 2011 Budget Cuts

    House Budget Committee chairman Paul Ryan (R–WI) has released a fiscal year (FY) 2011 budget target. This target—302 allocation in budgetary parlance—was necessary since the previous congressional Democratic majority failed to pass a 2011 budget resolution or even enact a single 2011 appropriations bill. Instead they passed a continuing resolution … More

    Is New York State on Track to Become Fiscally Conservative? Will Congress Follow Suit?

    New York Governor Andrew Cuomo (D) promised during his campaign that he would balance the Empire State’s budget without increasing taxes or borrowing. Left untouched, the state’s $135 billion budget would otherwise result in $10 billion in deficit spending. This week, Cuomo appears to have taken the first step to … More

    What Do You Call $2.5 Trillion in Spending Cuts? A Good Start

    The new Congress has made spending reduction a priority. This week, Members are getting to work on that promise. Yesterday, by a vote of 245–189, the House passed legislation to fully repeal Obamacare. The new health law represents unsustainable new spending, including an expansion of Medicaid and the creation of … More