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    States Take Action to Combat $1.26 Trillion Shortfall

    States are facing a whopping $1.26 trillion shortfall in funds to pay pension and health-care benefits for public sector employees, according to a new study by the Pew Center on the States. Wisconsin and Ohio, both of which made headlines for working to get pension costs under control, aren’t the … More

    Bipartisan Policy Center's "SAVEGO" Is a Free Pass to Tax Hikes

    It seems everyone except President Obama is presenting a detailed plan for dealing with our nation’s rapidly growing debt these days. The latest entry comes from the Bipartisan Policy Council. One feature of their plan, “SAVEGO,” calls for automatic spending cuts and higher taxes should Congress not reduce the debt … More

    Morning Bell: Time to Make Cuts in the Department of Energy

    Disco, mood rings and bell-bottom pants are relics of the 1970s relegated to the dustbin of cultural history. But one product of the 70s is still going strong and growing at a rapid rate, despite America’s monstrous fiscal crisis. It’s the Department of Energy (DOE), and in the last 10 … More

    An Open Letter to Paul Krugman

    Over the past two weeks, you have relentlessly engaged in dishonest, deceptive and factually incorrect critiques of Heritage’s recent analysis of the Ryan budget plan, and they need to be addressed. With all of the work good people of every political stripe need to be doing in Washington today, the … More

    Morning Bell: Framing The Debt Limit Debate

    In May, Congress will begin debate on our nation’s debt limit. The debt limit is an alarm bell built into our nation’s laws, which forces members of Congress to confront out-of-control spending when our debt reaches a certain level. Five times in the last four years, we have ignored this … More

    Pentagon Warns on Cost of Obama's Military Cuts

    The Pentagon has issued a warning: the major cuts to the military that President Obama proposed in his speech on spending are going to come with a heavy price. Reuters reports: The United States may have to scrap some military missions and trim troop levels if President Barack Obama sticks … More

    Morning Bell: Playing Politics Isn't the Answer, Mr. President

    In a speech yesterday on America’s fiscal crisis, President Barack Obama invoked the legacy of Abraham Lincoln and said, “through government, we should do together what we cannot do as well for ourselves.” Yet since his presidency began, Barack Obama has proven that what he cannot do very well for … More

    Military Already Being Cut, But Obama Makes It Official

    President Obama on Wednesday announced $400 billion in defense cuts between now and 2023. But in reality, defense budgets have already been cut, are being cut now, and will be cut even further in the future. And it’s happening at the expense of national security. He specifically referenced $400 billion … More

    Obama Belatedly Engages on Budget by Launching a Political Screed

    An editorial headline in today’s Washington Post captured it well: “Late to the Game – Again.” President Obama gave what was billed today as a major speech on fiscal policy. The speech, more a partisan campaign blast than an attempt at non-partisan leadership, comes two months after he released his … More

    Morning Bell: Read Before You Vote

    A budget agreement that fell short in dollars but was advertised as “the largest spending cut in history“ is being challenged by new reports that the old ways of Washington have yet to be overcome. News outlets such as The Washington Post, Fox News and the Associated Press suggest “creative accounting” … More