The Fantasy and Reality of the President’s Budget

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In Heritage Work

Obama greatly understated deficits in his budget

When it comes to managing the deficit, President Obama’s 2015 budget relies heavily on hope. That’s the takeaway from a new analysis by the nonpartisan Congressional Budget Office.

The administration makes quite a few convenient and overly-rosy assumptions about our struggling economy. This leads to wildly differing projections about future deficits.

The chart above shows the gaping differences between the CBO’s projections and Obama’s. But even under the White House’s scenario, the deficit will never be less than $400 billion, and the budget will never be close to balanced.

Whose projections do you believe?

Another Big-Government, Big-Spending Budget from President Obama


In Heritage Work

Photo Courtesy of

Not only is President Obama’s proposed budget for 2015 a month late, but it’s also unrealistic, Heritage Foundation experts report. It’s more of the same tax-and-spend liberalism:

  • Spending would go from $3.5 trillion in 2013 to nearly $6 trillion in 2024.
  • Debt borrowed in credit markets (public debt) would grow from $12 trillion in 2013 to $19 trillion in 2024.
  • The national debt, including debt owed to government agencies, would grow from $17.3 trillion today to $25 trillion in 2024.
  • The President’s budget includes about $1 trillion in new spending, partly offset by other spending cuts, and about $1.2 trillion in tax increases.

Here’s more from the Heritage analysis: Continue Reading »

This Costly Mandate Would Make Your Doctor Fill Out Oddly Specific Paperwork When You Get Sick


In Heritage Work

Photo: Reuters

The “doc fix” bill sent to President Obama for his signature Tuesday contained an important provision to delay a costly new medical mandate from going into effect, Heritage Foundation expert Robert Moffit argues in a new report.

A federal rule would require many doctors to switch to a new method for classifying medical diagnoses and inpatient procedures by October 1. The new classification, known as ICD-10, would replace the existing 18,000 codes with 155,000 entries—creating headaches and costs for doctors.

Moffit explains the oddly specific nature of the new codes, which he urges Congress to delay or even scrap:

A number of [codes] have been highlighted in popular journalistic accounts, including codes for injuries sustained in a collision with a bicycle, while knitting and crocheting or gardening and landscaping, or in a collision with a balloon. Codes are also assigned to cases where a patient has been bitten by a parrot, injured in a spacecraft collision, or sucked into a jet engine.

There are even separate codes for injuries at museums, art galleries, music halls, theaters, and opera houses.

Doctors already spend 22 percent of their time on non-clinical paperwork. The switch to ICD-10 can only make matters worse.

Do you think the federal government should require doctors to use the new system?

How to Fix President Obama’s Misguided International Affairs Budget


In Heritage Work

Photo: United Nations

Heritage Foundation expert Brett Schaefer has identified eleven critical ways Congress can fix President Obama’s unrealistic budget for foreign affairs.

Schaefer’s proposed fixes include: increased oversight over the United Nations; reversing the massive increase in spending on foreign affairs; trimming spending on climate change initiatives; prohibiting funding for U.N. organizations that grant full membership to the Palestinians; and capping U.S. contributions to United Nations peacekeeping.

Find out what else is on the list.

Do you think the President’s budget is misguided?

The Obamacare ‘Fix’ That Benefits Members of Congress


In Heritage Work


Obamacare requires members of Congress and their staffs to ditch their existing health care plans and purchase coverage through the law’s exchanges.

This provision has proved unpopular with lawmakers, who had become accustomed to paying as little as 28 percent of the cost of their premiums.

But the Obama administration feared that amending the law would open the door to other changes or even repeal. So President Obama created a loophole for his Congressional cronies so they can keep their taxpayer-funded plans.

Heritage Foundation legal experts Andrew Kloster and Joseph Morris explain what happened: Continue Reading »

The Obama Administration’s Bad Economic Aid Plan for Ukraine


In Heritage Work

One of President Obama’s proposed solutions to the crisis in Ukraine would limit  American influence internationally. He argues that any aid to Ukraine must be linked with “reforms” that reduce the power of the United States at the International Monetary Fund.

This is a bad reform that has nothing to do with the crisis in Eastern Europe. Not only that, it will not address the root cause of Ukraine’s economic woes, Heritage Foundation expert James Roberts argues.

“At the root of the problems in Ukraine are the lingering effects of the corrupt and inefficient post-Soviet economic systems in the heavily industrialized eastern, Russian-speaking areas and throughout the country,” he says. Ukraine ranks 155th freest out of 178 countries in Heritage’s Index of Economic Freedom, and last in Europe. Continue Reading »

How Weakness and Inconsistency Allowed Crises to Develop in Ukraine and Venezuela


In Heritage Work

Presidents Putin and Obama. Photo: Newscom

Photo: Newscom

The Obama administration’s flawed foreign policy strategy, which lacks both strength and consistency, has allowed major crises to develop in Ukraine and Venezuela, Heritage Foundation experts explain:

The Obama Doctrine has been a monumental failure because it fails to protect and advance U.S. interests. It is the antithesis of Ronald Reagan’s bold approach, which was based on powerful American leadership on the world stage, including a willingness to firmly stand up to America’s adversaries. Perhaps even worse, many of America’s traditional allies are questioning America’s resolve to transatlantic relations and NATO’s security guarantee.

Continue Reading »

The Obama Administration’s Most Abusive Executive Actions


In Heritage Work


Time and again, President Obama has stretched the limits of his executive powers, and the media has turned a blind eye.

To keep the public informed, Heritage Foundation experts have compiled a fact sheet listing his top ten most abusive executive actions.

The list includes unilateral Obamacare “fixes,” giving preferential treatment to illegal immigrants, side-stepping Senate approval when making appointments, and suspending welfare-to-work rules.

Find out what else is on the list.

Do you think the executive branch ought to be able to abuse the system in this way?

How to Get a Real All-of-the-Above Energy Policy


In Heritage Work

A few years ago, President Obama announced what he called an “all-of-the-above” energy strategy. In this year’s State of the Union address, he proclaimed it was working.

But the energy sector’s success comes in spite of the administration’s policies, not because of them, Heritage Foundation expert Nicolas Loris argues: Continue Reading »

Stephen Moore on the State of the Union: ‘President Obama Is the Anti-Opportunity President’


In Heritage Work

Photo: Brendan Smialowski/AFP/Getty Images/Newscom

To describe his plan to revive his economy, President Obama used lofty rhetoric about opportunity during his State of the Union address last night. But Heritage Foundation economist Stephen Moore says the reality doesn’t match the rhetoric:

Opportunity for All is such an uplifting pro-America theme. But doesn’t this mean school choice? Doesn’t it mean cleaning up the crime and corruption in cities? Doesn’t it mean discouraging fatherless homes? Doesn’t it mean keeping tax rates low and regulations light so people can set out a shingle and start businesses?

Obama has been the anti-opportunity society president.

Heritage experts reviewed every element of the President’s speech on The Foundry. Read their full analysis of the speech.

What did you think of the State of the Union address? Tell us in the comments.

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