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  • Debt Ceiling

    The European Debt Crisis: A Preview of U.S. Woes?

    Similar issues are confronting both the U.S. and Europe today. As the Grecian debt tragedy unfolds, the underlying fear is that it may be a prequel to what will happen here. The nation’s spending and debt situation is dire and our course must change. Washington is coming closer to the … More

    Rep. Tom Price on Debt Ceiling, Medicare, and Obamacare

    In a recent radio interview with The Heritage Foundation, Representative Tom Price (R–GA) brought us up to date on the budget, debt ceiling, and Obamacare. Listen to the inside scoop here. Price answered questions about whether he thinks conservatives will leverage the debt ceiling vote by demanding tough spending cuts … More

    CBO Long-Term Budget Report: Our Dire Fiscal Situation

    Today’s release of the 2011 Long-Term Budget Outlook by the Congressional Budget Office (CBO) yet again confirms what we already know: America’s budget is continuing down an unsustainable path, and the longer we wait to address this problem, the more painful the policy fixes will have to be. The CBO … More

    Transparency Is Dead in Debt Limit Negotiations

    The Washington Post reports that “lawmakers speed up debt-reduction talks.” The headline of that story should read “Lawmakers speed up secret debt-limit talks; details scarce.” Once again, in classic Washington style, these talks are in secret and behind closed doors. Where is the transparency? The White House and congressional leaders … More

    Slay the Beast: How You Can Save Us From the Massive Debt

    RALEIGH, NC — There’s a lot of talk in Washington these days about debt — and for good reason. The federal government reached the $14.3 trillion debt ceiling one month ago today. And the Obama administration has set a date of Aug. 2 for Congress to raise that limit. Why … More

    Tax Increases Should Be Off the Table in Debt Limit Negotiations

    Congressional Quarterly reported yesterday that Democrats, led by Representative Chris Van Hollen (D–MD), are pushing to use “tax overhaul” as a means to cut a deal to increase the debt ceiling by $2.4 trillion: Van Hollen also revealed that Democrats on the panel have “put a whole menu of options … More

    Deficits: Spending, Not Revenue, Is to Blame

    Deepening federal budget deficits indicate that one component of the federal budget baseline—either spending or revenue—is out of alignment. Closer inspection reveals that spending is the root cause, but both spending and revenue deserve equal treatment in policy discussions about reducing debt and deficits. Often, however, Members of Congress and … More

    Moody's Points to the Real Debt Judgment Day

    May 21, 2011, was supposed to be Judgment Day according to Harold Camping. It was, in a sense. As the day came and went, the world judged that Camping’s 15 minutes of fame were up. Treasury Secretary Tim Geithner may yet learn something from Camping. Geithner has been a whirlwind … More

    Morning Bell: The Debt Is Not a Game, Mr. President

    Well, President Obama asked for it. And last night he got it in grand fashion—a “clean vote” on raising the nation’s debt limit, free of any of the desperately needed spending cuts that Americans are demanding, conservatives support, but liberals abhor. And by a 318–97 margin, the House of Representatives … More

    U.S. Hits Debt Ceiling, but Default Is Completely Avoidable

    Now that the U.S. hit its $14.3 trillion debt ceiling on May 16 and the doomsday predictions of the financial apocalypse that was going to tank the economy failed to materialize, the question remains: How should Congress respond? Congress has until August 2 to respond. It could raise the debt … More