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New Inflation Numbers Suggest More Economic Pain Is on Way – Over the coming months, ongoing recession concerns could keep tempering goods and energy inflation, but the underlying cause of government spending is actually getting worse. The historic increase in money supply over the past two years—a pace faster than that of the “Great Inflation” of the 1970s—will continue driving up prices and squeezing the American people, while keeping the federal government flush with cash. This administration’s word games, Band-Aids, and parade of trillion-dollar spending bills already enacted—with yet another one poised to clear Congress on Friday—suggest Biden’s inflation will continue for months, if not years, to come. Instead of crashing the economy and draining the Strategic Petroleum Reserve, the fastest way to curb inflation is to radically cut government spending and end the war on production, particularly on oil. Federal spending is $1.5 trillion higher than before the COVID-19 pandemic, and nearly $4 trillion higher than the Clinton era. Heritage Experts: Peter St. Onge, Joel Griffith, and EJ Antoni
Conservatives decry ‘racialist agenda’ at Jefferson’s Monticello, Madison’s Montpelier - Diminishing James Madison’s accomplishments and the U.S. Constitution does a disservice to Madison’s legacy and the careful, thoughtful preservation of our history. Ignoring the facts and analysis of my report, the Montpelier Foundation predictably chose to attack me personally and The Heritage Foundation, instinctively resorting to the left’s talking point that criticism of critical race theory and its offshoots is somehow proof of ‘white supremacy.’ Such an extreme response only draws more attention to the fact that the foundation is desperate to cover up their radical, anti-American history policies. Clearly, they are more interested in promoting an ideology of injustice rather than the principles of the American founding. Heritage Expert: Brenda Hafera
7 Ways ‘Inflation Reduction Act’ Would Wallop Your Wallet – Masquerading as the “Inflation Reduction Act,” the bill passed Sunday by the Senate is nothing more than a Trojan horse for more of the same policies that created the stagflationary fire consuming the economy in the first place. Zealous federal commitment to central planning led to these economic conditions. Having time and time again championed these policies after each unmitigated failure, President Joe Biden is yet again peddling another reckless round of central planning with your family in the crosshairs. Heritage Expert: Richard Stern
Mar-a-Lago Raid: "Imagine What They Think They Can Do to the Average American" - The Mar-a-Lago raid represents yet another example of the federal government weaponizing law enforcement to punish political enemies, silence critics, and send a message to those whom it views as enemies. This raid of a former president’s home is unprecedented, and DOJ must release the search warrant affidavit as soon as possible to explain its justification for such an extreme action. The home of Bill and Hillary Clinton in NY was not searched, even after it was determined that the home contained a private server and that Hillary had received and sent classified information from that server when she was Secretary of State. In terms of the records she produced, Clinton said she “trusted others” to decide what was business-related and what was personal; her lawyers deleted 33,000 emails. She also directed people to destroy her devices, and her servers were wiped clean in a way that made it virtually impossible to retrieve. This was outrageous behavior, yet her home was not searched, and she was not charged. Heritage Expert: Hans von Spakovsky
The Navy’s Fleet Plan Has Two Strikes Against It – he absence of a permanent acquisition leader (the post is currently filled by its second temporary appointee) weakens the Navy’s political influence across the Defense Department and diminishes its ability to talk with Congress about shipbuilding and weapons procurement. This is particularly problematic now, when the Navy must soon decide on the next attack submarine, the next destroyer (to replace the Ticonderoga-class cruisers and succeed the Arleigh Burke-class destroyers), and what unmanned platforms will move into production. nd all the while, the danger of a conflict with China looms ever closer. It is heartening that Congress has sought greater clarity from the Navy about its fleet needs for both peacetime competition and warfighting. It would be better if this report and the rationale for 373 ships could be shared openly. And better still to have a Navy acquisition chief in place to ensure those requirements are adequately resourced and met. Heritage Expert: Brent Sadler