Is China More Prosperous Than the U.S.?

The Legatum Institute has just released its 2011 Prosperity Index. The index has a number of strengths, topped by the versatility of its supporting Web site. But Legatum has trumpeted an inaccurate finding that China has eclipsed the U.S. on the narrow economic dimension of its measure of prosperity. This finding demonstrates the problems with […]

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Income Inequality vs. Wealth Inequality

Recently, the Congressionl Budget Office (CBO) released its latest statistics on income inequality. Economists, bloggers and others have been furiously debating their implications. Over at the American Enterprise Institute, Jim Pethokoukis has been bludgeoned by various left-wing bloggers for pointing out that the story of growth of income inequality is much more complicated than the […]

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Chart of the Week: U.S. Debt on Track to Fuel Economic Crisis Like Greece

Greece continues to dominate the headlines as the country faces an increasingly dire economic situation and now political uncertainty as well. Prime Minister George Papandreou plans to resign once an interim government is formed, but there’s no telling if the political leadership will be able to avoid expulsion from the euro zone. Greece’s troubles might […]

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Infographic: Why Spending Is the Problem

With its November 23 deadline fast approaching, the “super committee” created by the Budget Control Act is back in the news, and it is still grappling with its mandate to find $1.5 trillion in deficit reduction savings. One of the ideas being bandied about is a continued call to raise taxes in order to reduce the […]

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Eight Major GOP Contenders to Debate Foreign Policy and National Security

The eight Republican presidential candidates have confirmed they will attend the Nov. 22 debate hosted by The Heritage Foundation and American Enterprise Institute on CNN. The debate will focus exclusively on foreign policy and national security. The debate will take place in Washington, D.C., at a location to be announced shortly. It will air nationally […]

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VIDEO: Chess Champ Garry Kasparov Hopes Arab Spring Spreads to Russia

Garry Kasparov mastered the game of chess to become a world-famous champion. These days he’s facing a much tougher opponent: the corrupt leadership of Russia. Kasparov, a leader of the Russia opposition, spoke at Heritage about why Prime Minister Vladimir Putin is immune to the Obama administration’s reset strategy. In an interview at Heritage before […]

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Speaker of the House Draws a Bright Red Line: No More Defense Cuts

The U.S. military has already contributed more to debt and deficit reduction than any other federal agency. Speaker of the House John Boehner (R–OH), recently sent a clear message to the congressional “super committee” charged with producing additional debt reduction plans: The defense budget has already coughed up enough. Noting—correctly—that members of the military have […]

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Palestine Membership: More Trick Than Treat for UNESCO

As expected, “Palestine” succeeded in gaining membership in the United Nations Educational, Scientific, and Cultural Organization (UNESCO) on October 31 with a vote of 107 in favor, 14 against, and 52 abstentions. The result was a foregone conclusion after UNESCO’s 58-member executive board voted 40–4 with 14 abstentions earlier this month to let the membership […]

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What Is America? Hamilton and Reagan Got It

What is America? What is this country fundamentally about? By and large, pundits and politicians on the right and the left don’t seem to get it. Some come close, but there is a widespread failure to explain why the Founders established this republic. On this date in history, two of the clearest expressions of the […]

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