The massive spending bill released by the Senate this week suffers the same flaws as the measure the House passed last week: It spends too much, fails to protect national defense, and is full of unnecessary, wasteful spending. Like the House bill, the Senate’s continuing resolution (CR)—which is needed to …
The Environmental Protection Agency (EPA) announced plans to furlough all of its employees and shut down for three days this year to absorb sequestration’s spending cuts. But the sequester cuts do not have to lead to shutdowns. The Heritage Foundation recently pointed out that prioritized cuts at the National Institutes …
Thursday was a really bad day for the Indian economy. Gross domestic product (GDP) growth for the October–December quarter came in at 4.5 percent, continuing to weaken. Worse, the central government budget for the next fiscal year leaves India on the same, failing course it’s been on of undisciplined spending …
President Obama’s State of the Union Address tomorrow evening provides him with a chance to explain how he would put the country on a path to a balanced budget. He should talk about entitlement program reforms and meaningful discretionary spending cuts, but he should also target the low-hanging fruit of …
Sen. Tom Coburn (R-OK) likes to say that Congressional earmarking has become the gateway drug to federal overspending. Is there any better evidence of this theory than President Barack Obama’s $1 billion earmark for a special project in Illinois that was slipped into his failed $862 billion stimulus? According to …
Today, White House Chief of Staff Rahm Emanuel and budget director Peter Orszag released a joint memo asking government agencies to create lists of ineffective programs with the intention of enacting future budget cuts of 5 percent. This initiative follows in the footsteps of proposed legislation that would give the …
For some, the ongoing recession means tightening the belt on gratuitous spending. Congress clearly doesn’t share this sentiment. Curiously, they seem to believe now is the perfect time to upgrade their private jet fleet. At a measly $550 million taxpayer dollars, why not? After scolding “The Big Three” auto executives …
