• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Debt Ceiling

    Sen. Jeff Sessions Introduces Debt Limit Transparency Measure

    Today, Senator Jeff Sessions (R-AL) introduced legislation to force seven calendar days of transparency before any debt limit deal is passed by the Senate. The measure is in the form of a point of order and reads as follows: It shall not be in order in the Senate to proceed … More

    Top 10 Reads: July 11, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Straight Talk on Twisty Subjects with Matt Lewis – Lisa De Pasquale Google’s ‘Monopoly’ Hex – L. Gordon Crovitz Nuclear Disaster Like Fukushima Unlikely in U.S. – Jack Spencer Understanding freedom … More

    The U.S. Government Debt Default Bogie Man Scares No One

    Ever since the debate over the debt limit began in earnest at the start of the year, the Obama Administration, led by Treasury Secretary Tim Geithner, has implied that the U.S. might default on its publicly held debt. In his press conference today, the President said that “it is not … More

    Morning Bell: America, the Europe of the West?

    Last night, President Barack Obama and U.S. congressional leaders failed to reach agreement on a deal to raise the nation’s debt limit. Meanwhile, it has been more than 800 days since the U.S. Senate passed a budget, liberals in Washington are pushing for higher taxes, unemployment is soaring, the deficit … More

    Debt Ceiling Debate: Making Bad Health Policy Worse Doesn't Justify Budget Savings

    Red Alert! Conservatives in Congress and elsewhere should be warned: The Administration’s latest signal for “compromise” may end up as little more than an expansion of existing bad policy, rather than a serious effort to enact substantive reforms. And only substantive reforms can change the perverse incentives that plague giant … More

    Top 10 Reads: July 8, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. The Debt Ceiling and the Constitution – Stephen Moore Of Pork and Trade – Investor’s Business Daily In Search of a Silver Lining – Rea Hederman For Americas 99ers, jobs crisis … More

    Scribecast: DeMint Says Obama Trying to 'Run Out the Clock' on Debt Talks

    In a Thursday interview with Scribe, Sen. Jim DeMint, R-SC, claimed that President Obama has no real intention of striking a deal with Republicans on the debt ceiling. Rather, he said, the talks between congressional leaders and the White House have been efforts to “run out the clock up against … More

    No More Bad Medicare Policies for a Debt Limit Deal: They Cost Too Much!

    The Hill reports that conservatives in Congress are considering extending Medicaid drug rebates to low-income seniors participating in the Medicare prescription drug program (Part D) as part of a deficit reduction deal to increase the debt limit. Transforming certain federal health programs—i.e., Medicare and Medicaid—is crucial to making a meaningful … More

    Soaking the Rich to Raise the Debt Ceiling Won’t Solve Spending Problem

    In the debate about raising the debt ceiling, the reality is often lost that the top 10 percent of income earners—those making more than $113,799 in 2008 (the latest year available from the IRS)—already pay 69.9 percent of the income taxes. The same top 10 percent, however, earn only 45.8 … More

    Senator Predicts Court Challenge If Obama Uses 14th Amendment for Debt

    Sen. Ron Johnson (R-WI) today predicted lawmakers would take President Obama to court if he deemed the debt ceiling is unconstitutional under the 14th Amendment. Liberals have floated the desperate and devious ploy in recent days to avoid spending cuts demanded by conservatives. “If the president decides to do that … More