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  • debt limit

    Cut, Cap, and Balance

    The House Republican Study Committee (RSC) has deployed a new theme to be introduced into the debt limit increase debate: “Cut, Cap, and Balance.” The debt limit is expected to be considered by both chambers of Congress by August 2. House conservatives have drawn up a list of demands in … More

    VIDEO: Debt Ceiling Part 2 – Coming to a Theater Near You

    As Speaker John Boehner (R-OH) pushes the debt ceiling debate back another month, Americans remain skeptical about how such legislation can really help solve the current financial crisis. And while much ado has been made regarding the vote, it is really beside the main point of our economic distress. When … More

    Debt Limit Increase Danger

    The House is expected to vote down a clean increase of the debt limit today.  This vote is merely political theater and a way for Members of Congress to go on record as being against an increase in the debt limit without any cuts to spending or reforms to the … More

    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

    The Speaker’s First Step on the Journey Toward “Saving the American Dream”

    Conservatives have a clear objective: to drive down government spending and debt, protect America, and balance the budget without raising taxes. In New York City last night, Speaker of the U.S. House of Representatives John Boehner (R–OH) outlined in remarks about the debt limit a useful first step to take. … 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

    The Debt Failsafe Trigger Danger

    What is the “debt failsafe” trigger that the President rolled out in his speech on April 13? This is an idea that may be introduced into the debt limit increase debate next month, and it is a dangerous idea.  If the Senate’s “Gang of Six” (a bipartisan group working to … More

    Former CBO Director: Let Debt Limit Debate Be Short, Sweet and Successful

    The debt limit debate waits for the return of a recess-refreshed Congress, but if conservatives are ready for it, they can leverage the issue to enact spending caps and advance the budget the House passed last week, says former Congressional Budget Office director Douglas Holtz-Eakin. “The Republicans should come back … 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

    Congress Still Has Time Before It Must Deal with the Debt Limit Issue

    As Heritage expert J.D. Foster, Ph.D. noted in his January 2011 paper “Congress Has Time and Options on Debt Limit“, Congress had time to discuss how it wants to proceed on the debt limit.  Secretary of the Treasury Timothy Geithner’s letter of April 4, 2011 estimates that the Federal Government will … More