Today marks the 1,000th day of Barack Obama’s presidency, and unfortunately for America, those days have been marked by deeper deficits, lost jobs, prolonged unemployment, and bigger government. Meanwhile, many of those charged with leading the federal government have all but abdicated their responsibilities. The national debt stands at $14.9 trillion–$4.2 …
In January 2011, newly elected Illinois governor Pat Quinn imposed a 67% income tax increase on citizens and a sharp increase in the corporate tax rate to satisfy missed and unpaid bills. A month later, the state issued $3.7 billion in bonds just to make payments to unfunded state pensions. Unfortunately, …
Various organizations and media outlets have attempted to refute the notion that government policy is creating uncertainty and hindering economic growth. However, when properly analyzed, the uncertainty argument is a legitimate one. Critics of the uncertainty narrative say that businesses cite poor sales – or lack of demand – not …
When President Barack Obama began his Midwest “jobs tour” in August, he set out to campaign for the passage of a yet-to-be-released plan to turn around the country’s stagnant economy. But after the details of that plan emerged–more stimulus spending and higher taxes–and when the Democrat-controlled Senate put the measure up …
Listen to last Sunday’s Heritage Libertad Radio Show in Spanish or English. The Spanish segment kicked off with a discussion of President Obama’s recent speech to the Congressional Black Caucus, including his insistence on raising taxes on the rich. Later on we take member questions: How much interest on the debt are we …
President Obama is touting his new mega tax on millionaires–a.k.a. “the Buffett Rule”–as the best thing since sliced bread (or since his plan to spend $447 billion on more stimulus), but not everyone agrees–namely, entrepreneurs and those who have seen the effects of soaking the rich in order to pay …
