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    Greenspan: Time to Hit the Brakes on Federal Spending

    Many Americans mistake the United States’ capability to borrow money as an indicator that our nation is incapable of incurring the same fiscal mess Greece currently finds itself in.  In reality, this isn’t so, and this mentality could prove dangerous for America’s future if used to placate lawmakers regarding the … More

    A Tale of Two Gushers: Oil and Spending

    Washington’s runaway gusher of spending makes the Deepwater Horizon disaster look small and simple to stop. Congress is debating another irresponsible round of extra spending (although they refuse to call it “son of stimulus”) before they take a Memorial Day break.  The measure would add an estimated $84-billion (or perhaps … More

    Video of the Week: Gov. Chris Christie Serves-Up Some Common Sense

    Love him or hate him, you’ve got to admit that New Jersey Gov. Chris Christie is not afraid to take a stand, speak his mind, or face the heat while doing it. He served up his latest dish of no-nonsense honesty at a townhall in Rutherford, New Jersey, on Tuesday … More

    Osama bin Laden Wants to Cut Wasteful Spending?

    Yesterday, the House voted down a provision introduced by House Republican Whip Eric Cantor (R-VA) to cut a 2009 welfare expansion program. The introduction of this spending cut was a part of a new program by Cantor’s office called “You Cut”. The programs offers a website where Americans can go … More

    Morning Bell: Congress' Historic Decision to Ignore Its Basic Duty

    House Majority Leader Steny Hoyer (D-MD) once said that the “most basic responsibility of governing is to pass a budget.” Yesterday it became clear that Congress has decided to shirk that responsibility, as word broke that the House likely will not pass a budget resolution for the first time since the … More

    Video of the Week: Pennsylvania Department of Revenue's Ode to Orwell

    The scene opens up on an image of the Earth and slowly zooms in down through the clouds while an ominous female narrator declares, “Your name is Tom … You live just off of 5th Street … Nice car, Tom—nice house.” As the camera sinks lower and lower, it finally … More

    The Debt Commission and Obamacare

    The president’s debt commission had its first meeting this week, and all of the talk was of getting serious about putting our fiscal house in order, with everything “on the table” for consideration. There’s no arguing with the need to get serious. According to the Congressional Budget Office (CBO), if … More

    McCain Throws Down the VAT Gauntlet

    The capstone of President Obama’s the “Glut the Beast” strategy is to maneuver the country into accepting a massive new Value-Added Tax (VAT).  This as yet unannounced policy has been lurking in dark policy corners for months, with no word from the President.  Senator John McCain (R-AZ) has decided not … More

    High-Tax, High-Spend Model Still Does Not Work

    State government finances are in a bad way, and for an examination of why that is the case, see the latest edition of “Rich States, Poor States,” released this week by the American Legislative Exchange Council. The basic story, as anyone following state fiscal issues will surely know, is that … More

    Check Out the 2010 Budget Chart Book--New and Improved!

    The federal budget is on an unsustainable course with red ink as far as the eye can see, so it is especially important for Americans to understand spending, taxes, and debt.

    The Heritage Foundation’s Budget Chart Book is a user-friendly way to learn about the federal budget in pictures. More