• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • trillion dollar deficits

    You Can’t Tax the Rich Enough to Close the Deficit

    President Obama has driven spending and deficits to historic levels in just two years since taking office. Not content to stop there, his budget for the next 10 years keeps spending at record levels and piles up unprecedented amounts of debt in the process. To partially offset his massive overspending, … More

    Reviewing a Do-Nothing (Right) Congress

    As Members of Congress limp out of Washington to face their constituents, it’s worth reviewing their accomplishments—or lack thereof. The most basic function of Congress is to manage the public purse. The most basic step in managing finances—whether of a family, a business, a state, or a nation—is to pass … More

    The Sky (Still) Isn’t Falling

    In the 1980s and 1990s, Chicken Littles warned that Japan was buying up America. The biggest symbol that our country couldn’t keep up with Japan’s managed-trade policies was the 1989 purchase of New York’s Rockefeller Center by Mitsubishi. Even though the sky didn’t fall, protectionist Chicken Littles are at it … More

    Obamacare Proponents Running Scared

    A new messaging strategy, based on public polling results from top Democratic pollsters, suggests that congressional lawmakers should wave the white flag when discussing Obamacare in their election campaigns. The PowerPoint presentation, released in a conference call organized by Families USA, encouraged officials to “keep claims small and credible: don’t … More

    Time to Reclaim Our Economic Future

    Now that the congressional money tree has bloomed again, this time in the form of new stimulus money for the states, we are faced with the question of whether the federal government will ever learn self-control. Federal government spending has exploded over the last two years, causing unsustainable debt that … More

    Another Recession, Already?

    When economists forecast the economy, they tend to draw straight lines. They figure out where we are and where we’re going, and they plot a line. In fact, neither contractions nor expansions are ever smooth. For various anomalous reasons in the economy and in the data, reported GDP movements are … More

    Congress Reaches New Heights of Tax Hike Cynicism

    Progress is often a matter of higher, faster, further—profits are higher, computer chips are faster, cars run further on a gallon of gas. In Washington, progress is often measured by more and more—spending more than ever and being more cynical than ever. The liberal leadership in Congress has set a … More

    Once Again, the Social Security Trust Fund Has No Money in It

    Almost as soon as the 2010 Social Security trustees report comes out today, various groups will claim that the program is fiscally healthy because its trust fund won’t run out until sometime in the 2030s. Sadly, the reality is very different. The trust fund contains promises to pay—not real money. … More

    CBO Warns of the Risk of a U.S. Fiscal Crisis

    It’s difficult to forget the drama—including riots, fires, and even deaths—that unfolded during Greece’s recent fiscal crisis. But what would happen if bad budget policy led to a financial crisis in the United States? A recent report from the Congressional Budget Office (CBO) points out the economic casualties of a … More

    Liberals' Deficit Chicken Is Taxpayers' Soaring Eagle

    Liberals are desperate to bully or chide the rest of the country into accepting massive new taxes to support the recent federal spending surge. Many opponents who resisted the spending on the grounds that it increased the budget deficit are now being called deficit chickens because they oppose the tax … More