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    Senate Deal Fixes Nothing

    The Senate announced a deal today to protect the status quo in Washington. As pundits debate the political winners or losers of this deal, one thing is awfully clear: The American people are once again on the losing end. The Wall Street Journal reports: Senate leaders on Wednesday struck an … More

    What the Founders Thought about Debt

    “Neither a borrower nor a lender be,” wrote William Shakespeare in Hamlet. As the Founders were exceptionally well read men, they surely knew the reference. And it’s clear that, when it comes to governing a nation, the Founders were nervous about allowing it to run up too much debt. As … More

    Obama Needlessly Scares Seniors: Social Security Checks and the Debt Limit

    President Obama is needlessly scaring seniors by suggesting that their Social Security benefit checks may not arrive on time if the U.S. runs out of borrowing authority at the debt limit. The 57 million Americans who receive Social Security benefits should know that their benefits will not be affected—unless President … More

    Without Reform, Entitlement Spending Poses a Default Risk

    The Obama Administration argues that failure to raise the debt limit would lead to a default on federal debts, causing unacceptable harm to the economy. But the President has ample discretion to prioritize debt payments and avoid default. The President has failed to address the more fundamental risk of default: … More

    Mr. President, You Can End the Government Shutdown

    President Obama has made it clear he “will not negotiate” when it comes to ending the government shutdown. At last check, the nation’s capital wasn’t run by one branch of government, or even one political party. But President Obama is so intent on protecting his unpopular, unworkable, and unfair health … More

    The Story Behind the Government Shutdown

    Much like the day after sequestration budget cuts kicked in, most people will wake up today to find that the country and their lives aren’t much different. All the fearful fretting over shutting down the government—which is reaching Y2K proportions in the media—is really a distraction. Government funding isn’t the … More

    Obama Debt Limit Proposal: We Spend More, You Pay More

    During remarks given after the passage of the Senate continuing resolution today, President Obama stressed once again his unwillingness to work with Republicans to find spending cuts before increasing the debt ceiling, while suggesting that he was otherwise eager to find a solution to America’s fiscal future. The President stated: … More

    61% of Americans Want Spending Cuts Before Debt Limit Is Raised

    A clear majority of Americans believes that imposing a firm limit on borrowing with spending cuts is the only chance for Congress to kick its gluttonous spending habit. A recent poll released by Bloomberg shows that the majority of Americans oppose President Obama’s demand that Congress raise the debt ceiling … More

    Plan to Suspend Debt Limit Means Debt Would Rise to $17.8 Trillion

    Treasury Secretary Jack Lew announced a new debt ceiling deadline today, urging congressional lawmakers and the President to come to an agreement concerning the nation’s borrowing authority by October 17. Republicans are proposing a $1.1 trillion increase in the debt limit by suspending the cap through December 2014. The big … More

    Democrats Threaten Government Shutdown If They Don’t Get More Spending

    While much of the debate over government funding has centered around funding for the President’s unworkable health care law, Democrats’ appetite for more unnecessary federal spending has gotten much less attention. Democrats in the House are demanding more discretionary spending and have openly stated that they would prefer a government … More