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    Where Can Congress Find Room to Cut? Look to Obamacare.

    Where can Congress’ “super committee” find its $1.2-trillion target in savings? The answer is hidden in plain sight.  The money could come from Obamacare, to avoid implementing its huge expenses.  Repealing the health care law would solve the super committee’s dilemma, yielding more than enough savings to fulfill their mission. … More

    Morning Bell: America's $15 Trillion Nightmare

    This week, the U.S. national debt clock hit a nightmarish milestone: a record $15 trillion. Words can’t even begin to describe the scope of borrowed federal spending, but it is no doubt a staggering figure that has risen dramatically in the last decade and is more than $4 trillion higher … More

    Supercommittee Dithers on Tax Hikes - But Where are the Spending Cuts?

    What’s a supercommittee to do? Total national debt just hit a new record at $15 trillion, an increase of approximately $700 billion since the Supercommittee’s August inception.  Hard as its members try, they just do not seem to be able to deliver the required $1.2 trillion in deficit reduction measures.  … More

    72 Representatives Know What America Needs, and It Is Not a Tax Hike

    Seventy-two Members of the U.S. House of Representatives, including Representatives Patrick McHenry (R-NC) and Jim Jordan (R-OH), have joined 33 U.S. Senators in standing tall against continued overspending, overborrowing and overtaxing. In a letter today to the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, the 72 … More

    America Hits $15 Trillion of Debt

    Yesterday, the United States hit an unsavory milestone–$15 trillion in total national debt. Unfortunately, the number shouldn’t have come as a surprise. America’s debt has been growing at a rapid clip. How bad is America’s spending problem? Heritage’s Alison Fraser, Patrick Knudsen and Mackenzie Eaglen put it into context: At … More

    How Not to Advance a Balanced Budget Amendment

    Congress this week finds itself in a predicament of its own making. To show how serious they are about solving America’s deepening fiscal crisis, Republicans insisted that the 2011 Budget Control Act require the House and the Senate to vote on a balanced budget amendment (BBA) before the end of … More

    Devastating Defense Cuts Loom, Panetta Warns

    What happens if the “super committee” fails to meet its target of $1.5 trillion in budget savings by Thanksgiving and sequestration is triggered? It would spell doomsday for the military, Defense Secretary Leon Panetta warns. In letters sent to Senators John McCain (R-AZ) and Lindsey Graham (R-SC), Panetta said that under the … More

    Supercommittee: Maximize Nonsecurity Spending Cuts, Do Not Raise Taxes

    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 … More

    Spending Bills Setting Up Reckless Defense Cuts

    Cracks in the Budget Control Act’s (BCA) spending caps are growing more visible as negotiators near completion of the first three appropriations bills for fiscal year (FY) 2012. Unless the House changes course, appropriations could be sailing toward a breach of the BCA limits and a debilitating freeze on defense … More

    Courting Disaster: Two Gaping Loopholes in the Debt Deal That Will Drive Up Spending

    Among the more egregious failings of the Budget Control Act (BCA)—the proxy fiscal plan spawned by the summer’s debt ceiling debate—are a pair of gaping loopholes allowing Congress effectively to blow through the agreement’s advertised spending limit. The Senate has already begun to exploit one of these openings. The House … More