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… Read More
News
Chart of the Week: Defense Spending Dwindles Under Obama
The Heritage Foundation and American Enterprise Institute host a Republican presidential debate on CNN this Tuesday at 8 p.m. on the subjects of foreign policy… Read 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… Read 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… Read More
EconomyNews
Morning Bell: America’s $15 Trillion Nightmare
This week, the U.S. national debt clock hit a nightmarish milestone: a record $15 trillion. Words can’t even begin to describe the scope of borrowed… Read 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… Read 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… Read 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… Read 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… Read More
Supercommittee: Maximize Nonsecurity Spending Cuts, Do Not Raise Taxes
The Heritage Foundation has consistently urged, and continues to urge, that the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, “go big”… Read More
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