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    Spending Bills Setting Up Reckless Defense Cuts

    Cracks in the Budget Control Act’s (BCA) spending caps are growing more visible as negotiators near completion of the first three appropriations bills for fiscal year (FY) 2012. Unless the House changes course, appropriations could be sailing toward a breach of the BCA limits and a debilitating freeze on defense … More

    Austerity Successes in Previous Downturns

    The left continues to resist any suggestion of spending cuts right now. In their view, a depressed economy is no time to slash spending; that would only further weaken demand. The successful austerity policies adopted in response to the downturn of 1920, however, offer a clear rebuttal to this notion. … More

    Courting Disaster: Two Gaping Loopholes in the Debt Deal That Will Drive Up Spending

    Among the more egregious failings of the Budget Control Act (BCA)—the proxy fiscal plan spawned by the summer’s debt ceiling debate—are a pair of gaping loopholes allowing Congress effectively to blow through the agreement’s advertised spending limit. The Senate has already begun to exploit one of these openings. The House … More

    Morning Bell: Straight Talk for the Super Committee

    It has been 12 months since the American people spoke resoundingly at the polls against overtaxing, overspending, and overborrowing, but memories can be short in Washington. All it takes is for a couple of politicos and the so-called “mainstream” media to denigrate the Tea Party and the freshman congressional class–and … More

    Infographic: Why Spending Is the Problem

    With its November 23 deadline fast approaching, the “super committee” created by the Budget Control Act is back in the news, and it is still grappling with its mandate to find $1.5 trillion in deficit reduction savings. One of the ideas being bandied about is a continued call to raise taxes … More

    Morning Bell: Obama Spins His Wheels; Economy Stuck in First Gear

    No news is good news–except when it means that the story about America’s slow-moving economy remains the same. A new report this morning from the Department of Labor shows that despite all of President Barack Obama’s promises and policies to grow the economy, there are still 14 million unemployed Americans. Meanwhile, … More

    33 Senators Who Know What America Needs

    As Washington ties itself up in knots over what the Joint Select Committee on Deficit Reduction, better known as the Supercommittee, will recommend to Congress, thirty-three Senators are standing tall against continued overspending and overborrowing. In a letter of November 3, 2011, to the Members of the Supercommittee, Senators Jim … More

    Lunch with Heritage: Online Chat on Spending

    Click here to join us on right now for our “Lunch with Heritage” online chat. We are joined by Heritage’s Budget expert Pat Knudsen. He is taking your questions about our new Appropriations tracker, what needs to be cut from the budget, and what the super committee should focus on. … More

    Appropriations Tracker: Monitoring FY 2012 Spending Bills

    The Heritage Foundation yesterday launched its fiscal year (FY) 2012 Appropriations Tracker, which monitors the progress of appropriations bills as they move through the House and Senate. The tracker will be updated regularly to reflect the most recent status of these discretionary spending bills as they progress through each chamber. … More

    Job Creators Call for Bold Solutions on Tax Reform, Deficit Reduction

    Washington politicians talk a good game when it comes to job creation. But when it comes to actually doing something, they’ve been unable to provide long-term stability on tax policy and reassure business leaders they’re serious about deficit reduction. The result is a cloudy economic climate that has left businesses … More