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  • Morning Bell: No Debt Ceiling Raise Without Spending Cuts

    On March 16, 2006, when our national debt stood at $8.27 trillion, a young Senator from Illinois announced his intention to vote against raising our nation’s debt ceiling to $9 trillion, explaining: The fact that we are here today to debate raising America’s debt limit is a sign of leadership … More

    Half of All States Now Suing to Stop Obamacare

    If it is allowed to be implemented, Obamacare will eventually do deep and irreparable harm to our nation’s budget deficit. But while Obamacare is more of a long-term threat to fiscal health at the federal level, it is a  clear and present danger to the states. Of the 34 million … More

    Morning Bell: The Government Spending Threat to Economic Freedom

    This morning, The Heritage Foundation and The Wall Street Journal released the 2011 Index of Economic Freedom, and while the news is good for many countries, it is depressing for the United States. All told, 117 countries, mainly developing and emerging market economies, improved their Economic Freedom Index score. Meanwhile … More

    Reality of North Korea Nuclear Threat Demonstrates Need for Missile Defense

    According to a report in The New York Times, Defense Secretary Robert M. Gates said on Tuesday that North Korea is becoming “a direct threat to the United States” and was within five years of developing a missile with the potential of hitting Alaska or the West Coast. The Times … More

    Onion WPA Joke Would Be Funnier if Krugman Wasn't so Serious

    In an op-ed from last week, Paul Krugman again called for greater government control of the economy to combat unemployment writing: “A rational political system would long since have created a 21st-century version of the Works Progress Administration — we’d be putting the unemployed to work doing what needs to … More

    Morning Bell: Libel is No Path to a Civil Society

    All of us at The Heritage Foundation were profoundly saddened by the tragedy that occurred this past Saturday morning in Tucson, Arizona. We mourn all of those who lost their lives and are praying for a full recovery by all of the surviving victims. As Speaker John Boehner said Saturday, … More

    Gas Prices Under President Obama in Pictures

    Fact: President Barack Obama’s Energy Secretary Steven Chu wants to “figure out how to boost the price of gasoline to the levels in Europe.” At the time he made the statement, gas cost $7 – $8 a gallon in Europe. Fact: Since taking office, President Obama’s entire energy agenda has … More

    Morning Bell: Americans Are Fleeing Obama's Crony Capitalist Economy

    Today the Bureau of Labor and Statistics released its monthly jobs report showing that the U.S. economy added only 103,000 jobs this December. With the unemployment rate now at 9.4%, this marks the 20th month in a row that the unemployment has been over 9 percent, a post–World War II … More

    Morning Bell: Repeal Doesn't Increase the Deficit

    When now-House Minority Leader Nancy Pelosi (D–CA) was sworn in as Speaker on January 4, 2007, the national debt stood at $8.67 trillion. By the time Pelosi surrendered the gavel to Speaker John Boehner (R–OH) yesterday, the national debt stood at $14.01 trillion. At $5.34 trillion, that means Speaker Pelosi … More

    Dodd-Frank Already Failing Consumers

    The Wall Street Journal reports today: Banks are considering additional fees on credit cards and checking accounts. But they also are looking at new ways to make money on cash machines and especially debit cards as regulators pinch the cards’ conventional revenue streams. And what exactly is to blame for … More