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  • Debt Ceiling

    Washington in a Flash: Will Congress Cut, Cap and Balance?

    Sen. Jim DeMint (R-SC) visits Heritage today for The Bloggers Briefing. He will be discussing his new book, “The Great American Awakening: Two Years That Changed America, Washington, and Me,” which highlights the birth of the Tea Party. He will be joined by American Legislative Exchange Council Senior Director for … More

    House Can Lead the Way

    Liberals from Capitol Hill to the cable networks keep insisting that the nation will go into default unless Congress raises the nation’s debt ceiling by August 2. All along we have felt that such a claim is at least technically wrong, seeing that unquestionably we will be able to make … More

    Americans Don’t Fear Defense Cuts? They’re Wrong.

    New polling data from Rasmussen Reports shows that 48 percent of Americans think that the United States can make major cuts in defense spending without putting America at risk. Unfortunately, they’re wrong. Case in point: base closures. Some in Congress are looking to the U.S. military’s overseas bases as places … More

    AARP: How High Do You Want Your Grandkids’ Taxes to Go?

    AARP’s latest video opposing spending reductions in Social Security or Medicare once again pushes the flawed argument that cutting federal budget waste and loopholes would effectively address America’s unsustainable fiscal problems. A senior featured in the video asks, “With billions in waste and loopholes, how could they look at us?” Yes, … More

    What Moody’s Really Told Boehner and Obama about the Debt Ceiling

    Everyone’s heard that Moody’s has threatened to downgrade our bond rating unless the debt ceiling is raised. We get that—crisis pending, yada, yada, yada. But if you read the announcement closely, there are important new points they added to the mix. First, Moody’s really doesn’t believe–that the President really will … More

    Shame on the Politically Motivated McConnell Plan to Hike Borrowing With No Spending Cuts

    The McConnell Plan to hike the debt limit has only one thought behind it — fade the political heat.  The Plan purportedly makes the Democratic President bear the political burden for increases in the debt limit to the benefit of Republicans, but the Plan does nothing for the good of … More

    President Obama Is Against A Balanced Budget

    President Barack Obama declared in a press conference today that he is against the Cut, Cap, and Balance Act and a Balanced Budget Amendment to the Constitution (BBA).  Obama said that a BBA is not needed for Congress and the President to balance the budget. The facts contradict the President’s … More

    Morning Bell: The Fight for the Balanced Budget Amendment

    Washington remains embroiled in debt limit negotiations as Republicans and Democrats stand apart on how to best go about increasing the amount of money the government can borrow and spend. But on the sidelines, another debate simmers over one amendment to the U.S. Constitution that could have averted today’s spending … More

    Lunch with Heritage Online Chat on the Debt Limit

    Click here to join our “Lunch with Heritage” online chat. We are joined by former Congressmen Ernest Istook and he is taking your questions about the Debt Limit, the August 2nd deadline, the balanced budget amendment, and what will happen if the deadline is not met. Join us with your … More

    ‘Quit Lying’: Conservatives Criticize Obama’s Social Security Threat

    Congressional Republicans are outraged at President Obama’s suggestion that Social Security beneficiaries might not get their checks in the event that the federal debt ceiling is not raised by Aug. 2. “Have you no shame, sir?” asked Rep. Joe Walsh (R-IL) in a short video posted to his website on … More