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  • Debt Borrowed in Credit Markets Is at 50 Year High June 18, 2013 Debt Borrowed in Credit Markets Is at 50 Year High

    CHART 1 DEBT HELD BY THE PUBLIC AS A PERCENTAGE OF GDP Source: Office of Management and Budget, Historical Tables, Budget of the U.S. Government, FY 2014, Table 7.1, April 2013, http://www.whitehouse.gov/omb/budget/Historicals (accessed May 8, 2013), and Congressional Budget Office, “Updated Budget Projections: Fiscal Years 2013 to 2023,” May 2013,

  • US Canada Trade Volume June 17, 2013 US Canada Trade Volume

    chart 1 U.S. TRANSACTIONS with canada, IN BILLIONS OF DOLLARS NAFTA takes effect Source: U.S. Department of Commerce, Bureau of Economic Analysis, International Transactions, http://www.bea.gov/ iTable/index_ita.cfm (accessed April 4, 2013). B 2808 heritage.org

  • Comparing Reference Prices to Average Projected Prices June 14, 2013 Comparing Reference Prices to Average Projected Prices

    CHART 1 House Reference Price SenateReference Price Average Projected Price (2014–2018) PEANUTS RICE Notes: Projected prices are based on the CBO’s 2013 projections of marketing-year average prices. The House bill uses midseason prices as opposed to marketing-year average prices; however, while prices certainly fluctuate, there is a good chance that midseason prices would

  • Congressional Reference Prices for Peanuts Higher than Projected Prices June 14, 2013 Congressional Reference Prices for Peanuts Higher than Projected Prices

    CHART 2 Notes: Projected prices are based on the CBO’s 2013 projections of marketing-year average prices. The 10-year historical record is based on the average of the peanut market-year average prices for 2003–2012. The House bill uses midseason prices as opposed to marketing-year average prices; however, while prices certainly fluctuate, there is a good chance that

  • Farm Bill Huge Spending Increases June 14, 2013 Farm Bill Huge Spending Increases

    The farm bills currently working their way through the House and Senate are both projected to cost nearly $1 trillion, far more than the last farm bill passed by Congress in 2008, according to the Congressional Budget Office. Note: The actual costs of the new farm bill will likely be much higher, just as the actual costs were with the 2008 farm bill. Sources:

  • Play Movie 'Gang of 8' Should Reconsider Legalization-First Approach: Wood on Lou Dobbs June 14, 2013 'Gang of 8' Should Reconsider Legalization-First Approach: Wood on Lou Dobbs

    Vice President Genevieve Wood discusses the Gang of 8's legalization-first approach to immigration reform on Fox Business Network's 'Lou Dobbs Tonight'.

  • New Farm Subsidy Programs at a Glance June 14, 2013 New Farm Subsidy Programs at a Glance

    TABLE 1 Reference Price Shallow Loss Crop Insurance Expansion Senate House Adverse Market Payments (AMP) Price Loss Coverage (PLC) Agriculture Risk Coverage (ARC) Revenue Loss Coverage (RLC) Supplemental Coverage Option (SCO) Stacked Income Protection for Cotton (STAX) Sources: Agriculture Reform, Food, and Jobs Act of 2013, S. 954, and Federal Agriculture Reform and Risk

  • Eurasian Union June 14, 2013 Eurasian Union

    MAP 1 Caspian Sea Black Sea Mediterranean Sea GEORGIA AZERBAIJAN TURKMENISTAN UZBEKISTAN TAJIKISTAN KYRGYZSTAN ARMENIA ukraine BELARUS KAZAKHSTAN CHINA AFGHANISTAN IRAQ IRAN TURKEY POLAND ROMANIA RUSSIA Unwilling to join Potential members Members B 2804 heritage.org

  • Play Movie NSA Targets China: Bucci on 'Cavuto' June 13, 2013 NSA Targets China: Bucci on 'Cavuto'

    Director Steve Bucci discusses the newest developments from the NSA scandal on Fox Business Network's 'Cavuto'.

  • Ethanol Production Lags Far Below Oil Production in the US June 12, 2013 Ethanol Production Lags Far Below Oil Production in the US

    CHART 2 The biofuel mandate required the production of 4 billion gallons of ethanol in 2006 and more in subsequent years. But despite the mandate and years of targeted tax breaks, ethanol remains a small player in the energy market. In 2011, oil production was more than six times that of ethanol. U.S. CRUDE OIL PRODUCTION U.S. ETHANOL PRODUCTION BILLIONS OF GALLONS

  • Quotas for Cellulosic Ethanol Are Unreachable June 12, 2013 Quotas for Cellulosic Ethanol Are Unreachable

    CHART 1 Total production: 20,000 gallons Revised quota: 8.65 million gallons Initial quota: 500 million gallons FIGURES are FOR 2012 In 2012, the Environmental Protection Agency had to drastically revise its quota for cellulosic biofuels because cellulosic ethanol has long struggled with commercial viability. Even the revised figure dwarfed actual production

  • Play Movie Should Edward Snowden Face Extradition? Brookes on Fox News June 11, 2013 Should Edward Snowden Face Extradition? Brookes on Fox News

    Senior Fellow Peter Brookes discusses Speaker Boehner's claims that Edward Snowden, professed NSA controversy leaker, should face extradition on Fox News' 'Happening Now'.

  • Play Movie Did NSA Surveillance Stop a Terror Plot? Brookes on Fox News June 7, 2013 Did NSA Surveillance Stop a Terror Plot? Brookes on Fox News

    Senior Fellow Peter Brookes discusses the scandal involving the National Security Association examining private phone records on Fox News.

  • Labor Force Participation Has Fallen Sharply in the Recession June 7, 2013 Labor Force Participation Has Fallen Sharply in the Recession

    CHART 2 LABOR FORCE PARTICIPATION RATE Dec. 2007 66% Down 2.6 percentage points May 2013 63.4% Sources: U.S. Department of Bureau of Labor Statistics, “The Employment Situation,” January 2007 to May 2013, Table A1, http://blgs.gov/news.release/empsit.a.htm (accessed May 7, 2013). IB 3962 heritage.org

  • Unemployment Rate May 2013 June 7, 2013 Unemployment Rate May 2013

    CHART 1 President Obama promised that government spending would “stimulate” the economy and quell rising unemployment by “creating or saving” millions of jobs. In January 2009, Obama’s advisers produced a chart visualizing the positive results of his recovery plan. But actual unemployment (in red) has far exceeded the White House estimates. WHITE HOUSE ESTIMATES May 2013: