After hitting the debt limit on March 19, the Treasury Department under Secretary Jack Lew is now employing its toolset of “extraordinary measures” to continue deficit spending without legally breaching the debt limit. It will provide about $260 billion in borrowing capacity, which should last beyond at least Labor Day, …
Does the debt ceiling affect YOU? It does—in many ways. A new video by Bankrupting America uses humor to call attention to an issue that is anything but funny, and why it matters for every American household. Recent Heritage research reveals how the rising national debt hurts American families, including: …
Congress’s dance with the debt limit can be confusing and, frankly, the details can be a real snooze fest for many Americans. Sometimes a little humor clarifies the absurdities of Washington antics better than flow charts and talk of trillions. The 31-second video and accompanying infographic “The Debt Ceiling Explained” …
This week, the House Republican conference met to discuss what their priority will be in connection with any vote to increase the debt ceiling. This is timely since the current suspension of the debt limit expires tomorrow. According to reports of the Republican House caucus meeting, “Members came away with …
Heritage Foundation President-Elect Jim DeMint told Fox News’ Greta Van Susteren last night that President Obama is “running out of excuses” on America’s debt problem and liberals are in denial if they think Washington doesn’t have a spending addiction. Greta, the president is running out of excuses. He can’t blame …
