• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • spending cuts

    Sequestration Helps Force Needed Spending Cuts and Enables Private-Sector Jobs

    The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the numbers into its economic model, and the model gave the result it was written to give: more government spending equals more output in the government … More

    Energy Budget Cuts Are Attack on Subsidies, Not Science

    House Members who are proposing cuts to the Department of Energy (DOE) budget are facing bogus criticism that the cuts are an attack on science. The reality is that the cuts are attacks on subsidies and duplicative spending and, in fact, do not go far enough. The lowest-hanging fruit for … More

    Greece: Austerity Doesn’t Involve Public-Sector Layoffs

    Slate’s Matthew Yglesias might be attacked as an “austerity denier” now that he has joined Heritage’s Salim Furth in pointing out that there is a lot of policy diversity under the broad label of “austerity.” Yglesias explained last week why a small but sudden layoff of government employees might bring … More

    Cut Government Spending to Help the Economy? Majority Say Yes

    A recent Rasmussen poll (subscription required) found that 65 percent of likely voters want the government to cut spending to help alleviate the country’s economic woes. Four years after the official end of the recession in June 2009, the economy is growing sluggishly. As The Wall Street Journal reports today, … More

    For the Record: Tax Increases Are Harmful, but Europe Has Pursued Them Anyway

    Heritage economist Salim Furth gave testimony last week to the Senate Budget Committee, reminding the Senators that economic research shows that deficit reduction should be pursued through spending cuts, not tax increases. Now he has responded to written questions in detail and explored the exemplary 1990s budget cuts. There is … More

    Austerity and Stimulus: A Response to The Washington Post

    Journalists should check with both sides before committing pen to paper, especially those at respectable outlets like The Washington Post. It would have served Post reporter Dylan Matthews well if he had followed this dictum. In a blog post, Matthews attempted to refute testimony I gave before the Senate Budget … More

    Meretricious? Senator Whitehouse Is Projecting

    Senator Sheldon Whitehouse (D-RI) spent eight minutes berating me at a Senate Budget Committee hearing yesterday. He disliked the facts I presented on austerity, so he called into question my professional honor and integrity. My testimony pointed out that structural reform and well-designed spending cuts are the best policy for stabilizing … More

    Morning Bell: Time to Shrink the Monster

    Does the debt ceiling affect YOU? It does—in many ways. A new video by Bankrupting America uses humor to call attention to an issue that is anything but funny, and why it matters for every American household. Recent Heritage research reveals how the rising national debt hurts American families, including: … More

    House Appropriations Plan Delivers Sequestration Cuts and Protects Defense

    In a refreshing break from tradition, the House Appropriations Committee approved a $967 billion discretionary spending plan that would stay within the fiscal year 2014 sequestration spending levels. The measure would protect defense from further cuts and instead deliver the total savings through reductions to domestic discretionary programs. It was … More

    Obama Budget: CBO Shows $1 Trillion Tax Hike, Fake Spending Cuts

    The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a tax increase totaling $1.1 trillion (and a net increase of about $1 trillion), some components of which would directly hit middle-class and lower-income Americans. On … More