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    Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt

    On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But the cash won’t run dry until at least Labor Day, according to Treasury Secretary Jack Lew, whose department can employ a variety of cash management … More

    Obama Budget: CBO Shows $1 Trillion Tax Hike, Fake Spending Cuts

    The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a tax increase totaling $1.1 trillion (and a net increase of about $1 trillion), some components of which would directly hit middle-class and lower-income Americans. On … More

    Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013

    At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO projected a deficit of spending over revenue of $845 billion, but a large and temporary boost in revenues is pushing that figure down. Like the … More

    Morning Bell: New Heritage Study on the Cost of Amnesty

    The immigration debate is about to get a lot more concrete. Lawmakers need to be honest about the cost of their proposed immigration plans—and a new study due out today from The Heritage Foundation calculates the cost to taxpayers of granting amnesty to unlawful immigrants. Yesterday on ABC’s “This Week … More

    The Unknown Cost of Federal Student Loans

    Starting July 1, interest rates on federal student loans are set to rise from 3.4 percent to 6.8 percent. As Congress again considers preventing the interest rate on federal student loans from doubling, the cost to taxpayers should be a central issue. However, in a recent Issue Brief, Heritage analyst … More

    Solar Energy Embarrassingly Less Productive than Coal

    A map recently released by the Solar Foundation highlights the industry’s claim that 119,000 Americans are now employed in the solar industry. Its authors exclaim, “The United States solar industry employs more workers than coal mining.” What the map doesn’t touch on is whether solar energy is the most economical … More

    Time to Rethink Federal Highway Trust Fund Spending

    The Highway Trust Fund (HTF), which funds most surface interstate transportation programs, from roads to bridges, faces insolvency in a few short years. In a House Budget Hearing today, one witness—Robert Poole of the Reason Foundation—offered lawmakers a near-term solution akin to what The Heritage Foundation has proposed: Recommit HTF … More

    Obama Tax Hikes Will Balance the Budget (April Fool's)

    In the ongoing debate over deficit reduction, President Obama and his colleagues in the House and Senate incessantly call for tax increases as if our budget problems persisted because of taxes being too low. If only the federal government could usurp more of taxpayers’ hard earned money, the line of … More

    Obamacare at Three Years: Increasing Cost Estimates

    Today marks three years since Obamacare was signed into law, and taxpayers probably aren’t celebrating. Over the last three years, the Congressional Budget Office (CBO) has revised its cost estimates for Obamacare’s new entitlements—the Medicaid expansion and exchange subsidies—many times, and they have more than doubled since 2010. The first … More

    Obamacare at 3 Years: Unrealistic Expectations for ACOs

    Accountable Care Organizations (ACOs)—a concept that a group of doctors and hospitals will work collectively to manage the care and costs of Medicare patients—were expected to transform the delivery of health care. Yet again, much like the rest of Obamacare, these promises appear to be falling short of expectations. In … More