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  • Debt Ceiling

    Morning Bell: Myth-Busting the Debt Limit

    The United States today hit an all-time high debt, passing $14 trillion, according to Associated Press reports. And with $45,300 of debt for every man, woman and child in the United States, it’s clear as day that spending is the problem. Yet Washington has yet to come to an agreement … More

    Morning Bell: Pictures of a Budgetary Disaster

    Another budget battle looms on the horizon as Congress returns from recess next week to continue work on the nation’s finances and debates whether to raise the debt limit, now at $14.3 trillion. In the last year, no single issue has captured the attention of Americans more. And for good … More

    Morning Bell: Uncontrolled Spending Is the Real Threat

    All across Western Europe—the land of platinum-plated social benefits, the 35-hour work week, tony retirement plans and government-funded health care—countries are coming to the realization that they can no longer afford these luxuries amid skyrocketing deficits. Yet here in the United States, as we face a $14.3 trillion deficit, some are … More

    Sen. Ron Johnson: Debt Ceiling Debate Should Net Spending Cap

    While some members of Congress still attempt to unscramble all the details of the six-month spending deal struck by leadership last week, Sen. Ron Johnson (R-Wis.) said he’s already steeling himself for the next big debate. “This whole CR skirmish — and that’s about all it is — is just … More

    Morning Bell: Changing the Culture of Washington

    This Congress was sent to Washington with a simple mandate from the American people: cut federal spending and get government under control.  Friday night’s budget compromise to avert a government shutdown embraced these principles, but also left plenty of work to be done. Congress has finally started cutting spending instead … More

    VIDEO: In The Green Room - Senator Pat Toomey (R-PA) on the Debt Ceiling

    “We have an Administration that is saying, we want you to vote on the debt ceiling and continue business as usual. No reforms, no cuts in spending,” explains Senator Pat Toomey (R-PA). With pragmatic perspective and common-sense suggestions, Toomey debunked the debt limit hysteria in a speech at The Heritage … More

    If Debt Hits the Ceiling, Make Interest Top Priority

    As the Treasury Department reminded us on Wednesday, the federal government will likely reach the debt limit sometime between April 5 and May 31. Hitting the debt ceiling provides a rare moment when Congress and the President are forced to take a stand on a most fundamental and difficult issue: … More

    Morning Bell: No Debt Ceiling Raise Without Spending Cuts

    On March 16, 2006, when our national debt stood at $8.27 trillion, a young Senator from Illinois announced his intention to vote against raising our nation’s debt ceiling to $9 trillion, explaining: The fact that we are here today to debate raising America’s debt limit is a sign of leadership … More

    Dodging the Debt Limit Stampede

    Brand-new Congressmen don’t take office until January, but they’re already consumed with worry about the national debt.  They’ll be faced with a vote expected next year to raise the debt ceiling beyond its current $14.3-trillion (about $47,000 apiece for everyone in America). The current $14.3-trillion debt ceiling has almost doubled … More

    Please! No White House Lame Duck Commission

    After much congressional handwringing over what budget process reform to attach to a must-pass increase in the debt ceiling, support for the legislative proposal crafted by Senate Budget Committee leaders Kent Conrad (D-ND) and Judd Gregg (R-NH) has crumbled. It fell apart as many members recognized two political facts of … More