New polling data reveals that voters in Iowa and New Hampshire overwhelmingly believe the federal budget deficit is the most important economic issue facing the United States today. Despite the nation’s persistent high unemployment rate, voters in the two early-voting states chose the deficit by wide margins. The CNN/Time/ORC poll was conducted before and after Christmas with 999 registered Republicans in Iowa and a total of 1,508 adults in New Hampshire. The results, released Wednesday, paint a clear picture about what voters are thinking about heading into 2012. They also …
Throughout his presidency — and especially over the last year — Barack Obama has turned toward a bigger federal government as the answer for fixing the U.S. economy. According to a new poll, though, that’s the last thing Americans want. Rather, they want to see the government cut deficits, spending, and taxes. Rasmussen reports: A new Rasmussen Reports national telephone survey finds that 42% of Likely U.S. Voters worry more that the federal government will do too much rather than not enough in reacting to the nation’s economic problems. Those figures …
Oregon cheese, IHOP pancakes, and a Hawaiian chocolate festival. Your mouth may be watering right now, but watch out—there’s a bitter aftertaste. These foodstuffs are just three of 100 items in Senator Tom Coburn’s (R–OK) Wastebook 2011, a report detailing Washington’s egregious use of $6.9 billion in taxpayer dollars this year. That figure amounts to 13.8 million iPads, and more fruitcakes than a person could eat in one lifetime. It’s about $2 billion more than Congress appropriated to its own branch of government in fiscal year (FY) 2011. Better yet, …
On the front page of the White House’s website, a clock slowly ticks away, second by second, counting down to the day, hour, minute, and second that the nation’s payroll tax “holiday” expires and the American people get socked right where it counts — in the pocket book. And just next to that clock is a message laying the blame squarely on the House of Representatives. But today the real culprit in this debacle is the U.S. Senate which, right now, is home for the holidays already, celebrating with family …
As the clock counts down toward Christmas, Congress still has major unfinished business to attend to. Not that we should be surprised. Emblematic of a resoundingly disappointing year, the last remaining issue to be resolved directly affects the pocketbooks of Americans. Just days from now, the payroll tax “holiday” will expire. At the same time, fees for physicians and hospitals providing Medicare services will be severely cut and additional weeks of unemployment benefits for long-term unemployed will run out. It’s not like these expirations were unexpected. These issues have been …
With fiscal year 2012 spending bills now at the brink of completion, The Heritage Foundation’s Appropriations Tracker: FY 2012 has been updated to reflect the final tally. Combined with three bills enacted in November, the massive “megabus” legislation under consideration today brings total base discretionary budget authority to $1.0429 trillion, effectively equal to the excessive level allowed by the Budget Control Act (BCA), the product of the summer-long debt ceiling debate. It is $31.6 billion above the House-passed budget resolution (H. Con. Res. 34). The House budget, passed in April—a …
With Christmas just a week away and the new year nearly upon us, Congress came within a whisper of yet another potential government shutdown and once again demonstrated its inability to make substantive spending cuts and deliver the American people the reforms necessary to secure America’s fiscal future. Rather than produce a timely budget by way of standard operating procedure, congressional leaders again butted up against the deadline and reached a deal on a trillion-dollar “mega-omnibus” nine-bill appropriations package that sadly is yet another disappointing failure to rein in government …
The “super committee’s” failure to reach an agreement to reduce federal spending is supposed to trigger automatic spending cuts—some of which could decrease funding for the Department of Education beginning in 2013. This has the education unions and Secretary Arne Duncan up in arms. Randi Weingarten, president of the American Federation of Teachers, stated that this decrease in funding represents “drastic across-the-board cuts to vital programs” resulting in “massive reductions to education programs.” “Massive”? Let’s put this in perspective. The total cuts, if enacted—which some suggest is doubtful—would represent a …
Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals for insisting that any deal include a massive tax hike. In a speech at Heritage last week, he said tax revenue isn’t the problem facing the United States in the future; it’s the massive increase in federal spending. “It’s actually arithmetically impossible to solve this problem on the tax side alone,” said Toomey, who noted that Democrats on the Super Committee wanted to hike taxes by $1 trillion without making any fundamental reforms …
Liberals stumping for tax cuts are as rare as three-dollar bills and hardcover digital books, and for good reason. Devoid of any other organizing principle, the only job of progressivism today is to grow government, and taxation is the blood stream of government. It is thus with the same healthy does of skepticism that we would greet a talking turtle that we should approach claims by the Obama White House that it really, really wants to cut taxes, dang it, but conservatives won’t let them. The issue at hand is, …
