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    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

    Obama Plans Birthday Fundraiser One Day After Debt Deadline

    The White House has pegged Aug. 2 as the drop-dead deadline for a debt-limit deal. But deal or no deal, President Obama is heading to Chicago on Aug. 3 for his 50th birthday bash — a pricey fundraiser for his re-election campaign. Obama’s campaign began promoting the birthday last week … More

    Top 10 Reads: July 14, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. FOX and the Sharks – Mike Gonzalez Are the Rich Undertaxed? – Michael G. Franc In wake of Mumbai attacks, Pak could help save dialogue with India – Lisa Curtis A … More

    Senator DeMint on Debt Ceiling Negotiations, Tea Party, More

    On this week’s Hertage Libertad Radio program, on Virginia’s WBER, we were fortunate to have Senator Jim DeMint (R–SC) join us for a segment to discuss his new book, The Great American Awakening, the Tea Party, and the current fight over the debt ceiling. Senator DeMint gave us the latest … More

    America's Budget Mess May Be Worse Than We Realize

    An article in the The Wall Street Journal recently revealed that our budget situation is likely worse than what the Congressional Budget Office (CBO) projects, meaning we could be in much more debt than we realize. In 2010, the federal government collected about $2.16 trillion in total tax revenue yet … More

    Senator Mitch McConnell's Insufficient Debt Ceiling Plan

    Earlier today, Senate Minority Leader Mitch McConnell floated a proposal that, essentially, cedes the authority for raising the debt limit from the Congress to the president. Under McConnell’s plan, President Obama would propose three incremental debt limit increases between now and the end of 2012.  Congress could only vote to … More

    Eat Your Peas or the U.S. Will Risk Default

    Yesterday, the President conditioned a debt limit increase on the House and Senate meeting his demands to increase taxes, a very risky declaration. The President declared that he would veto any short-term debt limit increase because he wants a comprehensive deal including tax increases. Ben Feller of the San Francisco … More