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    Charlie Sheen Gives Washington a Lesson in Fiscal Responsibility

    Maybe the lawmakers in Congress can pick up tips from the Rockstar from Mars. Charlie Sheen doesn’t exactly epitomize responsibility, but even he knows how to live within his means. Sheen earned about $30 million last year and spent just around half that sum, according to a new video by … More

    Secretary Sebelius Will Not Find the Right Formula to Fix CLASS

    According to Health and Human Services (HHS) Secretary Kathy Sebelius, the design of the Community Living Assistance Services and Supports (CLASS) program has basic flaws, but the bureaucracy will fix those flaws with hard work and deep thinking. Sebelius spoke on the CLASS program on Monday at a Kaiser Family … More

    Argentina's Paris Club Offer

    The announcement last week by President Cristina Fernández de Kirchner’s government that Argentina intends to repay nearly $9 billion in official sovereign debt—a higher figure than it had said previously that it owed—to other member nations in the Paris Club could be seen as a step forward. But apparently it … More

    Morning Bell: Repeal Doesn't Increase the Deficit

    When now-House Minority Leader Nancy Pelosi (D–CA) was sworn in as Speaker on January 4, 2007, the national debt stood at $8.67 trillion. By the time Pelosi surrendered the gavel to Speaker John Boehner (R–OH) yesterday, the national debt stood at $14.01 trillion. At $5.34 trillion, that means Speaker Pelosi … More

    The Euro Suffers an Identity Crisis

    Pity the poor euro. It’s a currency, but it’s asked to be so much more. More, indeed, than any currency can possibly be. The euro was born to glorious pomp and circumstance just 12 years ago, replacing a gaggle of currencies (including the mighty German D-Mark) with a single currency … More

    The Fiscal Commission’s Moment of Truth

    The report of the President’s Fiscal Commission is due today. As a stalemate appears increasingly likely, what appears to be an updated “chairman’s mark” to guide the commission’s discussions over the next several days was released. Like its predecessor, the report, puzzlingly titled “The Moment of Truth” (as if this … More

    Time’s up for the President’s Deficit Commission

    Today marks the deadline for the President’s National Commission on Fiscal Responsibility and Reform to vote on a proposal to reduce the federal deficit and put runaway entitlement spending on a sustainable path. From the current looks of things, it is unlikely that the labors of the bipartisan commission will … More

    The Importance of Ryan-Rivlin

    The political ground has been shifting rapidly ever since the American people delivered a vote of no confidence on the current direction of public policy when they went to the polls earlier this month. Nowhere is that shift more evident than in the recent release of a bipartisan plan to … More

    One More Step toward the Right Medicare and Medicaid Reforms

    The President’s National Commission on Fiscal Responsibility and Reform is not set to release its final recommendations on how best to tackle deficit spending and entitlement reform until December 1. However, several of its members have already gone public with proposals to reduce runaway spending and put Medicare and Medicaid, … More

    Heritage Reacts to Simpson-Bowles Deficit Reduction Panel Proposal

    The draft proposal issued Wednesday by the co-chairmen of President Obama’s Deficit Reduction panel has both strengths and weaknesses.. Heritage Foundation analysts are still poring through this preliminary document, and we will have more to say in the days to come. Already, we see the following: One great flaw in … More