News Releases posted February 9, 2016
Heritage Statement on President Obama's Proposed Budget
“Our debt now stands at $19 trillion—more than $125,000 for every tax-filing household in America. Americans who balance their own budgets understand that our nation is on an unsustainable spending path.
Today, the President submitted another unserious budget that does nothing to stop Washington’s reckless spending and debt.
Congress must act now by cutting wasteful…
Backgrounder posted December 4, 2015
Important Policy Riders for the FY 2016 Appropriations Bills
The Constitution unequivocally grants Congress the exclusive power to appropriate funds for the “necessary and proper” operations of government. James Madison wrote in The Federalist No. 58 that providing budgetary powers to Congress was a critical element in maintaining individual rights: “The power over the purse may, in fact, be regarded as the most complete and…
Issue Brief posted October 28, 2015
Analysis of the Bipartisan Budget Act of 2015
The federal budget is on a dangerous trajectory and immediate corrective action is required. The U.S. national debt is at $18.1 trillion. According to the Congressional Budget Office (CBO), if the government remains on its currently planned course, it will spend $7 trillion more over the next 10 years than it will receive in taxes, piling on even more debt.
Backgrounder posted September 2, 2015
Blueprint for Congressional Fiscal Action in the Remainder of 2015
Congress has set the federal government budget on a dangerous trajectory and must take corrective action now. Taxpayers pay enormous amounts of money to the government, and the government borrows additional huge amounts of money. The government uses the taxes that it collects and the money that it borrows to pay for excessive spending, including spending for…
Backgrounder posted August 9, 2011
Medicare Solvency: How to Get There
Abstract: The latest projections of the size of the federal debt by the Congressional Budget Office are gloomy. The CBO estimates that by 2035, Medicare, Medicaid, and Social Security will eat up 15 percent of GDP—with Medicare alone accounting for nearly 7 percent. These levels of spending are unsustainable. Heritage Foundation health care economist Paul Winfree lays out…