• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • supercommittee

    Supercommittee Failed, and Spending Is Still the Problem

    Tax hikes were the focal point of the contentious, failed supercommittee negotiations designed to reduce the national debt by at least $1.2 trillion. Democrats wanted massive tax hikes. Republicans flirted with a tax reform deal lowering rates and closing loopholes. But the fact that tax hikes were at the center … More

    Super Failure: No Spending Cuts, and the Debt Keeps Rising

    With the failure of the super committee to recommend at least $1.2 trillion in deficit reduction, Congress’s latest attempt at budget control has collapsed. There will be many analyses of why the process did not work, but it’s worth stepping back to recall what generated the need for this extraordinary … More

    Congress: You Must Still Do Your Job, Supercommittee or Not

    The congressional Joint Select Committee on Deficit Reduction, called the Supercommittee, announced today that it has failed to meet its statutory duty to recommend deficit reduction to Congress.  But the overspending problem is still here.  Congress does not get to quit on the American people or stall for more time.  … More

    Morning Bell: The Debate over Defense Spending

    The U.S. military and America’s national security stands at the brink. This week, a congressional “super committee” was due to develop a plan to reduce the federal deficit by more than $1.2 trillion over the next 10 years. Failing to enact the plan by January 15, 2012, would result in … More

    Super Gimmick: How to Spend Non-Existent War 'Savings'

    In 1969, as President Nixon’s Domestic Policy Council sought ways to spend the forthcoming “peace dividend”—savings projected from the wind-down of the Vietnam War—council members ran into an inconvenient fact: The fiscal windfall did not exist; any post-war “savings” were already committed to a range of new spending, including some … More

    Where Can Congress Find Room to Cut? Look to Obamacare.

    Where can Congress’ “super committee” find its $1.2-trillion target in savings? The answer is hidden in plain sight.  The money could come from Obamacare, to avoid implementing its huge expenses.  Repealing the health care law would solve the super committee’s dilemma, yielding more than enough savings to fulfill their mission. … More

    Supercommittee Dithers on Tax Hikes - But Where are the Spending Cuts?

    What’s a supercommittee to do? Total national debt just hit a new record at $15 trillion, an increase of approximately $700 billion since the Supercommittee’s August inception.  Hard as its members try, they just do not seem to be able to deliver the required $1.2 trillion in deficit reduction measures.  … More

    72 Representatives Know What America Needs, and It Is Not a Tax Hike

    Seventy-two Members of the U.S. House of Representatives, including Representatives Patrick McHenry (R-NC) and Jim Jordan (R-OH), have joined 33 U.S. Senators in standing tall against continued overspending, overborrowing and overtaxing. In a letter today to the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, the 72 … More

    America Hits $15 Trillion of Debt

    Yesterday, the United States hit an unsavory milestone–$15 trillion in total national debt. Unfortunately, the number shouldn’t have come as a surprise. America’s debt has been growing at a rapid clip. How bad is America’s spending problem? Heritage’s Alison Fraser, Patrick Knudsen and Mackenzie Eaglen put it into context: At … More

    Devastating Defense Cuts Loom, Panetta Warns

    What happens if the “super committee” fails to meet its target of $1.5 trillion in budget savings by Thanksgiving and sequestration is triggered? It would spell doomsday for the military, Defense Secretary Leon Panetta warns. In letters sent to Senators John McCain (R-AZ) and Lindsey Graham (R-SC), Panetta said that under the … More