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    Mr. President: “We Can’t Wait” for the FY 2013 Budget

    President Obama will release his annual budget proposal late yet again. Choosing the date is not merely a convention. By law, the President must release the budget by the first Monday in February, which falls on February 6 this year. Yet yesterday the Administration announced it will release its fiscal … More

    VIDEO: The Reality of America's National Debt

    America’s total debt now tops $15.2 trillion—the size of the entire economy. While this is a real concern, the greater problem is the growth of spending and debt in the future. Spending on entitlements is the real driver of future debt. In this clip from the documentary film “I Want … More

    Appropriations Tracker FY 2012 Shows Spending up, Not Down

    With fiscal year 2012 spending bills now at the brink of completion, The Heritage Foundation’s Appropriations Tracker: FY 2012 has been updated to reflect the final tally. Combined with three bills enacted in November, the massive “megabus” legislation under consideration today brings total base discretionary budget authority to $1.0429 trillion, … More

    Super Failure: No Spending Cuts, and the Debt Keeps Rising

    With the failure of the super committee to recommend at least $1.2 trillion in deficit reduction, Congress’s latest attempt at budget control has collapsed. There will be many analyses of why the process did not work, but it’s worth stepping back to recall what generated the need for this extraordinary … More

    Congress: You Must Still Do Your Job, Supercommittee or Not

    The congressional Joint Select Committee on Deficit Reduction, called the Supercommittee, announced today that it has failed to meet its statutory duty to recommend deficit reduction to Congress.  But the overspending problem is still here.  Congress does not get to quit on the American people or stall for more time.  … More

    Morning Bell: America's $15 Trillion Nightmare

    This week, the U.S. national debt clock hit a nightmarish milestone: a record $15 trillion. Words can’t even begin to describe the scope of borrowed federal spending, but it is no doubt a staggering figure that has risen dramatically in the last decade and is more than $4 trillion higher … More

    Supercommittee Dithers on Tax Hikes - But Where are the Spending Cuts?

    What’s a supercommittee to do? Total national debt just hit a new record at $15 trillion, an increase of approximately $700 billion since the Supercommittee’s August inception.  Hard as its members try, they just do not seem to be able to deliver the required $1.2 trillion in deficit reduction measures.  … More

    72 Representatives Know What America Needs, and It Is Not a Tax Hike

    Seventy-two Members of the U.S. House of Representatives, including Representatives Patrick McHenry (R-NC) and Jim Jordan (R-OH), have joined 33 U.S. Senators in standing tall against continued overspending, overborrowing and overtaxing. In a letter today to the congressional Joint Select Committee on Deficit Reduction, known as the Supercommittee, the 72 … More

    America Hits $15 Trillion of Debt

    Yesterday, the United States hit an unsavory milestone–$15 trillion in total national debt. Unfortunately, the number shouldn’t have come as a surprise. America’s debt has been growing at a rapid clip. How bad is America’s spending problem? Heritage’s Alison Fraser, Patrick Knudsen and Mackenzie Eaglen put it into context: At … More

    Morning Bell: Straight Talk for the Super Committee

    It has been 12 months since the American people spoke resoundingly at the polls against overtaxing, overspending, and overborrowing, but memories can be short in Washington. All it takes is for a couple of politicos and the so-called “mainstream” media to denigrate the Tea Party and the freshman congressional class–and … More