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

    Morning Bell: $16,000,000,000,000

    Yesterday, the U.S. national debt passed $16 trillion. On President Barack Obama’s watch, the debt has increased by 50 percent, as campaign promise after campaign promise has drowned in a sea of federal spending. When he was running for President, Obama condemned George W. Bush for adding $4 trillion to … More

    U.S. Debt Hits $16 Trillion

    Today, the U.S. debt clock hit $16 trillion. Compare that to the end of 2008, just days before President Obama officially took office, when the total federal debt was short of $10 trillion. That’s a 60 percent increase in the federal debt in less than 4 years! Now more than … More

    Debt Ceiling, the Sequel: Coming to a Theater Near You

    Remember last year’s titanic struggle over increasing the debt ceiling? A mighty contest that threatened to leave the nation in default, lasted for much of the year, and resulted in a $2.1 trillion increase in the national debt—papered over in part by the cover of the not-so-super committee? Well, this … More

    Chart of the Week: Cutting All Defense Spending Would Not Solve Debt Crisis

    House Armed Services Chairman Buck McKeon (R-CA) is a man on a mission. He’s making the rounds on Capitol Hill to convince his colleagues, particularly those on the 12-member Joint Select Committee on Deficit Reduction, that they should avoid cutting defense spending. McKeon has a point — and it’s one … More

    Conservatives to Super-Committee: Think Big, Really Big

    Congressional leaders led a national debate in July 2011 about the problems of federal overspending and overborrowing.  Unfortunately, at the end of the debate, Congress enacted a so-called Budget Control Act that did little to control overspending and vastly increased borrowing.  Congress then scooted out of town for the month of … More

    Obama's Upside Down Press Conference

    President Barack Obama made two fundamental mistakes today in his press conference which was intended to calm the markets. First, he did not lead off with a moment of reflection on the loss of American military lives in Afghanistan over the weekend. Second, he completely missed the boat on why Standard … More

    Debt Ceiling Defense Cuts Will Happen

    There is considerable misunderstanding about what the new debt ceiling law does to the area of defense. Many people are describing the required defense cuts in terms of dollar-figure reductions. A recent article appearing in The Cable, for example, referred to a $350 billion reduction for defense. These descriptions are … More

    Our Big Government Addiction Must End

    As soon as the U.S. Treasury was cleared to start borrowing again, it quickly borrowed $238 billion more and reached a milestone.  Our national debt is now more than $14.5 trillion, which means that it has surpassed the size of our total annual economy. The federal government now owes more … More

    Lunch with Heritage Online Chat on Defense Cuts - LIVE NOW

    The debt ceiling deal that was passed by the House and Senate contained very dangerous cuts to the military. They could prepositionally cut a trillion dollars over the next 10 years. This is coming at a time when the military is already stretched thin. Click here to join our “Lunch with … More

    What the Debt Deal Means for Medicare

    The congressional enactment of the Budget Control Act to increase the national debt limit was mostly a triumph of process, not substance. But substance cannot be avoided. The looming question is how this process will deal with the biggest entitlement challenge: Medicare. On Medicare, Congress has only two options: (1) … More