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    The Debt Ceiling: What China Is Doing

    The debt standoff in D.C. is first and foremost about irresponsible government—not just right now but for a decade by both parties, both houses of Congress, and two Presidents. There are also a number of secondary issues, including the impact on America’s biggest foreign creditor: China. Hang on—this is going … More

    Chart of the Week: How to End Deficits Without Raising Taxes

    President Obama and congressional leaders can’t seem to agree on any plan to avert a debt crisis. As the White House’s Aug. 2 deadline approaches, the House has adopted the Cut, Cap and Balance Act, while the Senate has floated a number of bad ideas. Earlier this year, The Heritage Foundation formulated … More

    President Obama, Paul Krugman Botch History

    Proponents of government spending are fond of citing 1937 as an example of when government implemented sharp austerity, and the economy derailed. This argument is dead wrong. On Thursday, New York Times columnist Paul Krugman argued that fiscal austerity right now would make our economic crisis worse. “Even if we manage to avoid immediate catastrophe, the … More

    Scribecast: Iain Murray Exposes the Bureaucratic Masters of the Universe

    Government bureaucrats are living the good life. Salaries and benefits are 30 percent to 40 percent higher for federal workers than their private-sector counterparts. They enjoy great benefits, such as early retirement with generous pensions. And now, the rest of America is starting to take notice. This week on Scribecast, … More

    New Study Forecasts Huge Job Growth If Regulators Allow Gulf Oil Drilling

    U.S. employers added only 18,000 jobs last month — a remarkably low figure that contributed to the increase in unemployment to 9.2 percent. That’s the bad news. Fortunately for American workers, the future is bright, but only if regulators in Washington, D.C., get out of the way. A new study … More

    CNN Poll: Two-Thirds of Americans Support 'Cut, Cap and Balance' Plan

    Senate Democrats are on the warpath against the House-passed Cut, Cap and Balance Act. They have taken to calling it the “Cut, Cap, and Kill Medicare Act.” At a press conference on Wednesday, Sen. Barbara Mikulski (D-MD) aptly summed up the left’s characterizations of the legislation, calling it “cruel, dangerous, … More

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

    [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

    Rep. Dave Schweikert: Tax Increases Won't Solve Debt Crisis

    Rep. Dave Schweikert (R-AZ) attempted on Tuesday to explain the debt debate — how the budget gap should be closed — in terms everyone can understand. Schweikert noted on the House floor that proposals to deal with the deficit from President Obama and other liberals — such as ending tax … More

    Washington in a Flash: They're Back! Gang of Six Shakes Up Capitol Hill

    The recently rekindled Gang of Six presented its $3.7 trillion deficit-reduction plan to Senate colleagues yesterday. As the debt-limit deadline approaches, the six senators are hoping to gain support. “We told our colleagues this morning that we want to hear from them in the next 24 hours,” Sen. Kent Conrad (D-ND) … More

    Top 10 Reads: July 15, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Heritage Foundation comes out against McConnell plan – Amanda Carey Sea Treaty puts U.S. interests in deep water – Peter Brookes Voters get strange polling calls – Alissa Smith Regime Change … More