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  • CBO Report Estimates 2014 Deficit at Half a Trillion Dollars: Why The Real Deficit Number is Actually Higher

    Today the Congressional Budget Office (CBO) released its updated projections for the 2014 federal budget. CBO reports the 2014 deficit at $492 billion, just shy of a half a trillion dollars. However, this estimate should be taken with a heap of salt: It is arguably misleading to the extent that … More

    Washington Post Op-Ed: You Didn’t Pay For That (And She’s Right)

    Past and current retirees receive much more in benefits from Social Security and Medicare than they paid into the systems. Absent reform, younger generations will get stuck with an unfair burden and less financial security. One of the most common reactions to arguments in favor of entitlement reform is to … More

    3 Things You Should Know About the Paycheck Fairness Act

    The Senate is set to vote on the so-called Paycheck Fairness Act today. Here are three things you should know about the bill: 1. It Could Hurt Women’s Employment Prospects. What those who support the act don’t tell you is how it would burden employers with additional liability and regulations. … More

    Battle of the Budgets: Ryan Vs. Obama

    Yesterday, Budget Committee chairman Paul Ryan (R., Wisc.) released his budget plan for the next decade. As the Senate Budget Committee, chaired by Sen. Patty Murray (D., Wash.), is refusing to do a budget of its own, we’ve decided to use President Obama’s budget vision for a comparison instead. As … More

    The Pros and Cons of Ryan’s 2015 Path to Prosperity Budget

    Today, House Budget Committee Chairman Paul Ryan released the Fiscal Year 2015 Path to Prosperity Budget. Building on foundations established in 2011, this plan seeks to balance the budget within 10 years by cutting spending, reforming poverty programs, and importantly, reforming the health care entitlements—the largest drivers of deficit spending … More

    A Path to Balance in Five Steps: What to Look for in the Ryan Budget

    The House Budget Committee will deliver its budget resolution—which would eliminate the deficit within 10 years—ahead of Congress’s statutory deadline of April 15. The Senate, on the other hand, has already announced that it would not bother producing a budget this year, relying instead on the Ryan–Murray budget deal struck … More

    5 Things to Know About Obama’s Budget

    The President’s Budget — 212 pages long — included a wide range of proposals and Heritage experts shed light on a number of these in a Live Analysis yesterday. Here are five things you should know about the President’s budget: Higher Spending and No Balanced Budget—Ever. President Obama’s budget would … More

    What the Washington Post Got Wrong in Its Debt Limit 'Fact Check'

    The Washington Post’s Glenn Kessler focused his latest Fact Checker column on The Heritage Foundation analogy that suspending the debt limit is like giving a “blank check” to President Obama. Kessler gave us two Pinocchios. We decided to turn the table and look at Kessler’s arguments. Kessler acknowledges that Congress’ … More

    Bring Back the Debt Ceiling

    Congress is in the process of abdicating its power to control the borrowing of the U.S. government, at a time when the national debt exceeds $17 trillion and continues growing unabated. It waived this power twice last year, “suspending” the debt limit and thereby granting the U.S. Treasury temporary blank-check … More

    Double-Whammy: The No-Debt-Limit-Bill Increases Spending and the Debt

    The no-debt-limit extension bill that was introduced after 9 p.m. on Monday night manages to increase not just the debt, but spending as well. This bill fails taxpayers in two important ways: Blank Check Borrowing Authority. Misleadingly termed “The Temporary Debt Limit Extension Act,” the act actually “suspends,” not extends, … More