The Heritage Foundation has consistently urged, and continues to urge, that the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, “go big” with its recommendations, to “drive federal spending down — including by fixing ever-expanding entitlement programs — toward a balanced budget, while preserving our capability to …
President Obama’s Agriculture Department today announced that it will impose a new 15-cent charge on all fresh Christmas trees—the Christmas Tree Tax—to support a new Federal program to improve the image and marketing of Christmas trees. In the Federal Register of November 8, 2011, Acting Administrator of Agricultural Marketing David …
As Washington ties itself up in knots over what the Joint Select Committee on Deficit Reduction, better known as the Supercommittee, will recommend to Congress, thirty-three Senators are standing tall against continued overspending and overborrowing. In a letter of November 3, 2011, to the Members of the Supercommittee, Senators Jim …
Congressional leaders led a national debate in July 2011 about the problems of federal overspending and overborrowing. Unfortunately, at the end of the debate, Congress enacted a so-called Budget Control Act that did little to control overspending and vastly increased borrowing. Congress then scooted out of town for the month of …
It’s hard to understand why President Obama took to the airwaves tonight at prime time. He still has no plan for dealing with government overspending and overborrowing, and he gave the nation very little except a repetition of his never-ending call for tax hikes. In noting the risk of ever-increasing …
Conservatives have a clear objective: Debt limit legislation should drive down federal spending on the way to a balanced budget, while preserving the ability to protect America, and without raising taxes. The plan suggested by Speaker of the House John Boehner fails to meet that objective — indeed, it sets …
Now that the Senate has voted to do nothing to address the overspending crisis, conservatives must keep the liberals’ feet to the fire and not let them put off yet again finding a solution to federal overspending and overborrowing. Congress should not raise the debt limit without getting spending under …
McConnell-Reid “Just Borrow More” Plan Fails to Cut Spending and Degrades America’s Creditworthiness
Any Senator foolish enough to think the McConnell-Reid “Just Borrow More” Plan solves the debt ceiling problem should look again at what the Moody’s debt rating service said. The McConnell-Reid Plan simply hikes the debt ceiling so the government can borrow more money, with a commission thrown in, to meet …
