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  • Monthly Archives: October 2013

    Real People Respond: What Does Obamacare Mean for You?

    Obamacare opens today. What does that mean to you? Since Heritage launched our billboard in Times Square promoting the message to defund Obamacare, the response has been overwhelming. We’ve received thousands of text messages from concerned Americans wanting more information about this unaffordable law. It is raising premiums, hurting small … More

    FHA: The Next Round of Housing Bailouts?

    White picket fence in front of house / home

    Despite some efforts this year to improve its financial position, the Federal Housing Administration (FHA) will reportedly seek a bailout from the federal government to cover losses on mortgage loans it insures. The FHA will ask taxpayers for a $1.7 billion cash infusion (more than double estimates earlier in the … More

    Postal Service Won’t Shut Down but Will Default on Its Debt

    Photo credit: Newscom

    The U.S. Postal Service (USPS) defaulted on its debt last night. No, it has nothing to do with the partial shutdown of the government. The USPS is not affected by that. Rather, it has its very own, parallel fiscal crisis that threatens its viability as an institution. Yesterday’s default—on $5.6 … More

    The Story Behind the Government Shutdown

    Dennis Brack/Newscom

    Much like the day after sequestration budget cuts kicked in, most people will wake up today to find that the country and their lives aren’t much different. All the fearful fretting over shutting down the government—which is reaching Y2K proportions in the media—is really a distraction. Government funding isn’t the … More