• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • debt bomb

    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

    VIDEO: Senator Tom Coburn on the "Debt Bomb"

    “The problem isn’t that we haven’t agreed, the problem is that we’ve agreed way too much,” explained Senator Tom Coburn (R-OK) in a recent interview with The Heritage Foundation. “Otherwise we wouldn’t have trillion dollar deficits, $16 trillion in debt, and unfunded liabiltiies of $113-131 trillion.” Senator Coburn visited The … More