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    Former Navy Chief: "Military Must Be Kept Strong"

    Retired Admiral Gary Roughead, former chief of naval operations, recently expressed concerns over looming defense cuts caused by sequestration. He joins a chorus that includes the current service chiefs, the Secretary of Defense, and the former chair of the Joint Chiefs of Staff in urging political leaders to find a … More

    Morning Bell: Unemployment Rate Inches Back Up

    The October jobs report essentially agrees with the rest of the current data on the economy—the economy is growing slowly, too slowly to bring down unemployment rapidly. In fact, the unemployment rate rose to 7.9 percent in October and the economy created about 171,000 jobs, roughly equal to the usual … More

    Morning Bell: The Specter of Taxmageddon Rises

    On this Halloween, a truly frightening specter is looming. No amount of garlic, crosses, or exorcists can help us—only Congress and the President can chase this ghoul away. It’s Taxmageddon. A horrifying combination of expiring pro-growth tax policies from 2001 and 2003, the end of the once-temporary payroll tax cut, … More

    Obama Already Banking on Sequestration?

    When the topic of sequestration arose during the final presidential debate Monday, President Obama declared, “It will not happen.” Considering that Obama has also previously declared that he would veto any bill attempting to get rid of the defense portion of the cuts unless it includes tax increases, many were … More

    Sequestration: Spending Cuts Needed, but Get the Policies Right

    Tonight’s presidential debate is a good opportunity for President Obama and Governor Mitt Romney to tell the nation what they would do about our spending crisis and the looming fiscal cliff—in particular, the problem of the automatic defense budget cuts. Leadership on this issue is crucial. Some conservative lawmakers are … More

    Morning Bell: 10 Questions for the First Presidential Debate

    Tonight’s debate between President Barack Obama and former Governor Mitt Romney is supposed to focus on domestic policy, with a major concentration on the economy. Health care, the role of government, and philosophy of governing are also on the agenda. The Heritage Foundation’s policy experts have submitted 10 questions they … More

    Chart of the Week: Obamacare's Barrage of Tax Hikes Coming in 2013

    The first presidential debate takes place in Denver on Wednesday with a focus on domestic issues, including President Obama’s unpopular health-care law. Obamacare imposes numerous tax increases on Americans, totaling more than $500 billion over a 10-year period. According to Heritage’s analysis, these higher tax rates on income and investment … More

    Why Larry Summers Is Wrong About the British Economy

    Harvard economist Larry Summers claims in The Washington Post that aggressive fiscal austerity in the U.K. is the primary cause of its continued economic stagnation. But the former Obama advisor understates both the necessity for a credible British fiscal plan in 2010 and the structural factors that have been a … More

    Don't Play Politics with the Nation's Security

    The political grandstanding around sequestration is shameful. As Bob Woodward described in his book The Price of Politics, the present crisis was not the product of ineptitude or misplaced priorities (who would have thought those would be considered lesser evils?). It has been caused by the conscious decisions of political … More

    Two Huge Flaws in the Legend of the Clinton Economy

    Two inescapable flaws mar the Clinton economic legend. One is conveniently papered over; the other conveniently forgotten. Even so, a flawed legend is better than the economic reality President Obama’s policies have produced, so it is no surprise the sitting President has outsourced his economic messaging to the former President. … More