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  • debt limit

    Senate Deal Fixes Nothing

    The Senate announced a deal today to protect the status quo in Washington. As pundits debate the political winners or losers of this deal, one thing is awfully clear: The American people are once again on the losing end. The Wall Street Journal reports: Senate leaders on Wednesday struck an … More

    Conversations with Conservatives on Obamacare, Debt Limit (VIDEO)

    What’s the latest thinking from House conservatives on Obamacare, the debt limit, and temporary government shutdown? Find out today at 11:30 a.m. ET at the October meeting of Conversations with Conservatives. You won’t want to miss this special opportunity to get the inside scoop from the House’s champions of conservatism. … More

    Two Things Washington Cannot Ignore

    Members of Congress are still at an impasse—they cannot agree on the debt limit, spending cuts, Obamacare, or funding the government. The House has passed a variety of bills that would have reopened portions of the federal government, but the Senate has rejected them all. As they volley proposals back … More

    Moody's on Debt Limit: Calling Obama's Bluff on Default

    A voice of reason emerged today among the doomsday predictions over a U.S. government default if the debt limit is not raised by mid-October. The Washington Post reports that Moody’s, a top credit rating service, suggested that hitting the debt limit does not mean the U.S. would default: “We believe … More

    Three Magic Tricks Washington May Try to “Solve” the Debt Crisis

    Yesterday in a press conference regarding the national debt, President Obama stated: “There is no magic wand that allows us to wish away the chaos.” This is true, especially when one considers America’s massive debt and its long-term consequences. However, as Congress and the President (finally) begin to grapple with … More

    Why Is Obama Needlessly Scaring Seniors?

    Apparently things aren’t ugly enough in Washington, so President Obama has started scaring senior citizens. “In a government shutdown, Social Security checks still go out on time,” he said last week. “In an economic shutdown, if we don’t raise the debt ceiling, they don’t go out on time.” This scaremongering … More

    Obama Needlessly Scares Seniors: Social Security Checks and the Debt Limit

    President Obama is needlessly scaring seniors by suggesting that their Social Security benefit checks may not arrive on time if the U.S. runs out of borrowing authority at the debt limit. The 57 million Americans who receive Social Security benefits should know that their benefits will not be affected—unless President … More

    Without Reform, Entitlement Spending Poses a Default Risk

    The Obama Administration argues that failure to raise the debt limit would lead to a default on federal debts, causing unacceptable harm to the economy. But the President has ample discretion to prioritize debt payments and avoid default. The President has failed to address the more fundamental risk of default: … More

    61% of Americans Want Spending Cuts Before Debt Limit Is Raised

    A clear majority of Americans believes that imposing a firm limit on borrowing with spending cuts is the only chance for Congress to kick its gluttonous spending habit. A recent poll released by Bloomberg shows that the majority of Americans oppose President Obama’s demand that Congress raise the debt ceiling … More

    Debt Ceiling Raised Seven Times Under Obama, Costing $43,000 Per Household

    Did you know that since President Obama came into office, the debt limit has been raised seven times? With those increases, Congress has added $43,000 in debt for every American household in just the last four years. And now the debt limit deadline is looming again. Treasury will run out … More