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    Lunch with Heritage Online Chat on the Debt

    Click here to join the chat! We are joined by Heritage’s Senior Fellow in Government Studies, Brian Darling and he is taking your questions about the next steps Congress and the President can take to reach a deal and what the best options to take are. Use the form to … More

    How Much Do We Owe? That's the $62 Trillion Question

    Earlier this month USA Today splashed a headline on its front page that declared: “U.S. owes $62 trillion.” I wrote a couple blog posts about it — one on the alarming size of the number and another on its juxtaposition with the Anthony Weiner story. It turns out this number — a … More

    How the Debt and Economy Are Reshaping Millennials’ Life Choices

    America’s sluggish economy and mounting debt threaten to change the very fabric of our country as young people delay major life changes. New polling released by the upstart Generation Opportunity reveals the dramatic consequences facing America as the Millennials grow older. A staggering 77 percent of Americans age 18–29 say … More

    Morning Bell: Pictures of America's Fiscal Nightmare

    There’s urgency in Washington to fix a problem that’s been a long time coming: America’s fast track to fiscal implosion. In The Heritage Foundation’s just-released, expanded 2011 Budget Chart Book, you can see just how bad the country’s spending problem is and how America racked up so much debt. Congress … More

    Slay the Beast: How You Can Save Us From the Massive Debt

    RALEIGH, NC — There’s a lot of talk in Washington these days about debt — and for good reason. The federal government reached the $14.3 trillion debt ceiling one month ago today. And the Obama administration has set a date of Aug. 2 for Congress to raise that limit. Why … More

    Why Isn't the National Debt a Sexy Story?

    Speaking at yesterday’s Bloggers Briefing, conservative filmmaker Stephen Bannon held up a copy of USA Today to demonstrate the challenge of getting Americans to take seriously this country’s debt crisis. On the front page was a banner headline, “U.S. owes $62 trillion.” Underneath the headline and above the fold was a … More

    Federal Government's Debt, Unfunded Obligations Grew Rapidly Last Year

    According to a new analysis from USA Today, American households are now on the hook for $534,000 to pay for the county’s debt and the unfunded obligations, or excess costs, for programs like Social Security and Medicare. USA Today reveals the eye-popping numbers for the federal government’s mounting fiscal problems. … More

    VIDEO: Ryan Goes on Offense, from the White House to the U.S. House

    “We have a budget crisis. We’ve got a $1.5 trillion deficit. We’ve got a debt that is getting out of our control. And what do you do when you have a problem like that? You pass a budget,” said House Budget Committee Chairman Paul Ryan (R-WI) Wednesday from the House … More

    Global Debt Exploding, but G8 Leaders Fiddle with the Internet

    With Europe facing a massive fiscal mess and the United States buried under $14.3 trillion in debt, one might think that the leaders of the world’s eight major economies would get down to business to talk government overspending. But as Heritage’s Jim Roberts writes in The Christian Science Monitor, President … More

    Morning Bell: Saving the American Dream by Cutting Debt, Taxes and Spending

    It might not be front-page news in the mainstream media, but according to a new poll, a large majority of Americans are alarmed at the prospect of U.S. debt continuing to grow past its already astronomical $14.3 trillion limit. They’re right to be worried, as America’s out-of-control spending takes the … More