Congressional leaders led a national debate in July 2011 about the problems of federal overspending and overborrowing. Unfortunately, at the end of the debate, Congress enacted a so-called Budget Control Act that did little to control overspending and vastly increased borrowing. Congress then scooted out of town for the month of …
President Barack Obama made two fundamental mistakes today in his press conference which was intended to calm the markets. First, he did not lead off with a moment of reflection on the loss of American military lives in Afghanistan over the weekend. Second, he completely missed the boat on why Standard …
According to a new poll by the education research journal Education Next, 65 percent of the American public wants education spending to increase. That figure, the poll’s architect Paul Peterson notes, is the kind of polling data “that the president’s political advisors undoubtedly rely upon when they decide to appeal …
There is considerable misunderstanding about what the new debt ceiling law does to the area of defense. Many people are describing the required defense cuts in terms of dollar-figure reductions. A recent article appearing in The Cable, for example, referred to a $350 billion reduction for defense. These descriptions are …
Tune in here at noon ET on Sunday to listen to Heritage Radio. Topics will include the new job numbers, the economy, and a discussion with Heritage expert James Gattuso on the increasing number of government regulations. We will also be answering a number of member questions on air including: When …
Sen. Mike Lee (R-UT) is a man on a mission. The freshman senator came to Washington after defeating an incumbent Republican, angering some in the GOP establishment but exciting Tea Party activists for his desire to end Washington’s reckless spending. He hasn’t disappointed. Lee wasted little time crusading for a …
Through the fog of the debt limit negotiations, President Obama has attempted to shift the blame for America’s deficit crisis to politicians at large, claiming that “neither party is blameless for the decisions that led to this problem.” Though the culture of overspending is endemic in Washington, don’t let the …
Washington is boiling, and it’s not just the temperature. Dueling debt ceiling proposals, presidential veto threats, and heated rhetoric between and among parties have political tempers flaring, while the President’s rhetoric is seemingly designed to bring the markets to a full-throttle meltdown. House Speaker John Boehner’s (R–OH) debt-ceiling plan sparked …
