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    Debt: Seven out of 10 Voters Think the U.S. Is on the Wrong Track

    A recent Peterson Foundation poll showed that 70 percent of registered voters believe that the country is on the wrong path when it comes to addressing the debt. This is just the latest indication that Americans are increasingly pessimistic about the nation’s financial future. The poll, which also shows that … More

    Just One Dollar Less: Why Washington’s Budget Will Be $150 Billion More in 2014

    What would happen if lawmakers took this year’s budget, subtracted $1, and made that the budget for next year? Let Freedom Ring made this video asking policymakers to do just that: If lawmakers did this, they would need to cut the 2014 budget by nearly $150 billion. That’s right: Federal … More

    Tax Revenue Rose Five Times Faster Than Spending Fell in 2013

    The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013. Taxes revenue climbed by 13.2 percent from $2.45 trillion in 2012 to $2.77 trillion in 2013. Spending, on the other hand, fell by only 2.4 … More

    Americans Want Solutions, Not Procrastination on Debt, Budget Crisis

    Nearly two-thirds of Americans polled by Bloomberg answered that “it is right to require spending cuts when the debt ceiling is raised…because Congress lacks discipline on spending.” Their voices were not heard by Congress as it signed its terms of surrender. In the final hours before October 17—the alleged day … More

    Chinese Call for “De-Americanization” Is an Empty Suggestion

    A recent editorial in the Chinese newspaper Global Times called for “de-Americanization.” Concerned with the American government shutdown and the prospect of the debt ceiling not being raised, the editorial argued that the United States is too irresponsible to be allowed to remain the dominant power. “Such alarming days when … More

    $17,000,000,000,000

    President Obama boasted last week that he had signed legislation to lift “the twin threats” to our economy of government shutdown and default. But what was done to fix the problem of growing debt that leads Washington to repeatedly raise the debt ceiling? Nothing. In fact, by Friday, the U.S. … More

    Obama's Priorities vs. the Economy

    Now that the government is whirring again, President Obama has identified three priorities for the country. Here’s a quick look at how they stack up against your priorities. “There is a lot of work ahead of us, including our need to earn back the trust of the American people that … More

    Senate Debt Ceiling Bill Includes 10 Pages of Nonsense

    Last night Congress passed a bill (the Default Prevention Act of 2013) to suspend the debt limit until February 7, 2014. The bill was then signed into law by the President. There are a variety of policy reasons why suspending the debt limit is fiscally irresponsible. The Default Prevention Act … 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

    What the Founders Thought about Debt

    “Neither a borrower nor a lender be,” wrote William Shakespeare in Hamlet. As the Founders were exceptionally well read men, they surely knew the reference. And it’s clear that, when it comes to governing a nation, the Founders were nervous about allowing it to run up too much debt. As … More