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    • Debt Ceiling

    Coburn Bets ‘A Porterhouse Steak’ that Obama Will Sign Cut, Cap and Balance

    July 21, 2011 at 4:55 pm

    4 Comments

    How confident is Sen. Tom Coburn (R-OK) that President Barack Obama would sign Cut, Cap and Balance legislation if it makes its way to his desk? So confident that he would wager a Porterhouse steak. He issued the high stakes wager in a press conference today, making the point that America … More

    Heritage’s Bill Beach: Fix the Debt, or Taxes Will Double for Millennials

    July 21, 2011 at 1:36 pm

    1 Comment

    slay-the-beast

    In a new interview with The Boundless Show, Bill Beach of The Heritage Foundation shocked host Lisa Anderson and her young-adult audience with his statement: “If we don’t immediately act to solve the debt crisis, what will happen is tax rates will basically double by the time the current millennial generation is … More

    What’s Wrong with the Gang of Six Plan?

    July 21, 2011 at 11:35 am

    7 Comments

    obama-congressional-leaders-7-10-11

    Desperate for a “balanced” approach to resolving the debt ceiling impasse, President Obama glommed on to the Gang of Six’s plan before the ink was dry. The plan has lots of tough-talking language intended to make both sides of the aisle tingle.  But that’s where the balance ends. In reality, … More

    ‘Gang of Six’ Plan Could Gut Defense

    July 21, 2011 at 10:15 am

    7 Comments

    Pentagon (Photo by Newscom)

    This week, Representative Buck McKeon (R–CA), chairman of the House Armed Services Committee, released a memorandum to Republicans on the committee. He appropriately criticized the “Gang of Six” budget outline from the Senate for its possible negative consequences for national security. Since the Gang of Six proposal is nothing more … More

    Ezra Klein Offers Dubious Statistics in Attacks on ‘Cut, Cap, and Balance’

    July 20, 2011 at 2:39 pm

    4 Comments

    runaway-spending-tax-revenue-600

    [Klein responded in a post Wednesday afternoon. See below for our reply.] Ezra Klein, the Washington Post’s liberal political blogger, has been pushing a pair of questionable assertions in his posts on congressional Republicans’ plan to, as they say, “cut, cap, and balance” the federal budget. Klein has claimed, falsely, … More

    Morning Bell: Liberals Invoke Reagan to Sell Debt Deal

    July 20, 2011 at 9:52 am

    48 Comments

    Ronald Reagan

    Desperate to sell the American people on a yet-to-be-determined plan to raise the debt ceiling, increase taxes, and avoid necessary reforms to rein in government, liberals are turning to an unlikely ally to make their case—former President Ronald Reagan. Their utterly transparent tactic reveals a larger truth: Despite all the … More

    Gang of Six: Promises, Promises

    July 19, 2011 at 5:41 pm

    81 Comments

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    A group of U.S. Senators called the Gang of Six has cobbled together the third Senate-originated half-baked idea this week that would lead to hiking the debt limit. All three Senate approaches — the McConnell Plan, the McConnell-Reid “Just Borrow More” Plan, and now the Gang of Six “Maybe Later … More

    VIDEO: DeMint Calls McConnell-Reid Debt Plan a ‘Cover-up’

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    July 19, 2011 at 4:35 pm

    11 Comments

    Sen. Jim DeMint (R-SC) is no stranger to fights with party leadership. And he’s not holding back in his criticism of the so-called “Plan B” that’s being developed by Senate Minority Leader Mitch McConnell (R-KY) and Senate Majority Leader Harry Reid (D-NV). “It seems to be a cover-up,” DeMint said … More

    McConnell-Reid “Just Borrow More” Plan Fails to Cut Spending and Degrades America’s Creditworthiness

    July 19, 2011 at 11:36 am

    6 Comments

    capitol-night-6-2011

    Any Senator foolish enough to think the McConnell-Reid “Just Borrow More” Plan solves the debt ceiling problem should look again at what the Moody’s debt rating service said.  The McConnell-Reid Plan simply hikes the debt ceiling so the government can borrow more money, with a commission thrown in, to meet … More

    Morning Bell: Conservative Solutions, White House Attacks

    July 19, 2011 at 9:56 am

    77 Comments

    Rotunda at the U.S. Capitol on July 1, 2011

    With the nation staring down $14 trillion in debt, a Senate that has failed to pass a budget in 811 days, and a government that can’t decide how to raise the debt ceiling, you might think that a plan to get spending under control and solve the debt ceiling impasse … More

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    Immigration Reform in One Infographic

    The Senate Judiciary Committee approved the Gang of Eight’s immigration bill on Tuesday. It will go to the Senate floor after the Memorial Day recess. Heritage has pointed out the problems with this “comprehensive” approach — including the staggering costs of amnesty and a failure to secure the border. SHARE … More

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