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    Morning Bell: 6 Reasons Why the National Debt Keeps Rising

    Out-of-control spending by Congress and the Obama Administration has once again maxed out the latest debt limit—a nearly $17 trillion burden that harms job growth, gives special interests a pass, and lowers American families’ personal income. Inspired by Dave Ramsey’s recent post “6 Reasons People Stay in Debt,” we compiled … More

    Debt Limit: Brinksmanship or Fiscal Course Correction?

    Washington is in the midst of another budget fight this fall over the nation’s debt limit. What some call political brinksmanship others recognize as an important forcing mechanism to rein in out-of-control federal spending and avoid a much worse debt crisis in the future. Dan Mitchell of the Cato Institute, a … More

    What You Need to Know About the Debt Limit

    The Congressional Budget Office just dropped a budget update on Washington, and it’s not good. The U.S. government is spending recklessly—and Obamacare is adding fuel to the fire. The new report comes at a crucial time, as negotiations over the debt limit are starting up again. Here are some basics … More

    Don’t Hit Snooze on the Debt

    The national debt is a few years away from an unprecedented peacetime explosion, according to the Congressional Budget Office (CBO). Without serious fiscal restraint, public debt will reach 80 percent of gross domestic product (GDP) in 2022 and then explode to 190 percent of GDP in 2038, around the time … More

    CBO Report's Facts Speak Louder Than Obama's Spending and Debt Crisis Denial

    The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt crisis is only getting worse. U.S. public debt doubled since before the recession and stands at a 50-year high today. The American public has not … More

    How to Cut $42 Billion in Spending in the FY 2014 Continuing Resolution

    Congress is in the midst of debating spending levels in a fiscal year (FY) 2014 continuing resolution. It’s no surprise that the two chambers disagree over how much to spend and funding for the President’s damaging health care law. The Senate proposes to spend $1.058 trillion, dismissing the spending caps … More

    No Punishment for Bankruptcy?

    As Congress continues to deal with the “too big to fail” issue, it would do well to recognize that bankruptcy does not automatically equate with criminal behavior. Sunday’s New York Times ran a story detailing how Wall Street regulators have essentially “thrown in the towel” (at least for now) on … More

    America’s First-Rate Power Status on the Chopping Block

    Last Thursday, Chief of Naval Operations Admiral Jonathan Greenert warned that some of the crown jewels of the Navy could be on the chopping block next fiscal year if Congress fails to come to an agreement on how to reprogram sequestration cuts. Without the ability to protect national defense from … More

    While Debt Crisis Looms, Washington Still Focused on Undoing Sequestration

    Lawmakers are on track to bargain away the one spending cut they got. The Washington Post reports that President Obama and a group of Republican Senators stalled on a budget deal on Thursday that revolved in part around the question of how to best renege on sequestration. Republicans want to … More

    Don’t Ignore Costs of “Stimulus”

      Shocking new economic research has shown that receiving large gifts from the federal government is actually beneficial to states. That is not such a shock, is it? Another non-shock is that pro-stimulus journalists have misinterpreted studies to use them as evidence for national stimulus benefits. The studies are econometrically … More