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  • Debt Ceiling

    Gang of Six: Promises, Promises

    A group of U.S. Senators called the Gang of Six has cobbled together the third Senate-originated half-baked idea this week that would lead to hiking the debt limit. All three Senate approaches — the McConnell Plan, the McConnell-Reid “Just Borrow More” Plan, and now the Gang of Six “Maybe Later … More

    VIDEO: DeMint Calls McConnell-Reid Debt Plan a 'Cover-up'

    Sen. Jim DeMint (R-SC) is no stranger to fights with party leadership. And he’s not holding back in his criticism of the so-called “Plan B” that’s being developed by Senate Minority Leader Mitch McConnell (R-KY) and Senate Majority Leader Harry Reid (D-NV). “It seems to be a cover-up,” DeMint said … More

    McConnell-Reid "Just Borrow More" Plan Fails to Cut Spending and Degrades America's Creditworthiness

    Any Senator foolish enough to think the McConnell-Reid “Just Borrow More” Plan solves the debt ceiling problem should look again at what the Moody’s debt rating service said.  The McConnell-Reid Plan simply hikes the debt ceiling so the government can borrow more money, with a commission thrown in, to meet … More

    Morning Bell: Conservative Solutions, White House Attacks

    With the nation staring down $14 trillion in debt, a Senate that has failed to pass a budget in 811 days, and a government that can’t decide how to raise the debt ceiling, you might think that a plan to get spending under control and solve the debt ceiling impasse … More

    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