Although the feckless spending of successive Labour Governments has resulted in massive decline for Britain, there is one thing that Gordon Brown got right on the economics front: he denied Tony Blair’s plans to take Britain into the single European currency. Launched in 1999, the Euro has been the bedrock …
Increasing spending on the State Department and international affairs while freezing discretionary domestic spending is probably not likely to endear President Obama further to constituencies on either side of the Congressional aisle. Yet, the State Department is one of the few winners in President Obama’s FY 2011 budget request, continuing …
The President’s FY2011 budget request calls for significant increases in education spending and, as promised, the Department of Education is exempt from Obama’s so-called spending freeze. At a briefing today at the Department of Education, words such as “historic” and “bold” were used to describe the President’s budget. Secretary Duncan …
In his State of the Union address tonight, President Obama is expected to announce a freeze on federal spending with some notable exceptions including one for defense spending. Today, The Heritage Foundation releases a chart book examining the state of the U.S. military. Most Americans already know the U.S. military …
Senator Tom Coburn (R-OK) has a radical alternative to raising the debt limit: spend less money. In an amendment introduced last week Senator Coburn proposed saving approximately $120 billion by, “consolidating more than 640 duplicative government programs, cutting wasteful Washington spending, and returning billions of dollars of unspent money.” The …
The President has the right idea with his proposal to freeze spending. Unfortunately, after driving spending to a record $3.7 trillion—nearly 26% of GDP—last year with the accompanying $1.4 trillion deficit, the proposal is at best a bit….underwhelming. According to the administration, only $447 billion in spending would be subject to …
From the President who brought you unaccountable, constitutionally-questionable czars comes the latest innovation in pass-the-buck leadership: a White House executive commission designed to solve the behemoth of a spending problem plaguing the federal government. Members of Congress have described the commission as a “nothing burger,” a “fig leaf” and “something …
