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    Obama's Austerity Myth

    The Obama administration put out the word this weekend that the president’s new budget will end several years of “austerity” in Washington. Come again? Austerity? Since 2009, federal borrowing has skyrocketed by $6 trillion. This year’s budget deficit is expected to fall to somewhere near $500 billion, which sadly is … More

    By How Much Did Congress Increase the Debt Ceiling? Hint: It’s a Trick Question

    Just a few weeks before President Obama releases his budget proposal to boost deficit spending for the remainder of his term, Congress voted to “raise the nation’s borrowing limit through March 2015.” But there’s one big question: By how much did Congress raise the debt limit, exactly? As Heritage’s Romina … More

    Bam! We're Already Hitting the Debt Ceiling Again

    It’s timely that the Congressional Budget Office (CBO) put out new numbers on America’s financial situation this week. By the end of the week, we’ll be hitting the debt ceiling again. The CBO’s report, which dropped the bombshell that Obamacare is projected to push 2.3 million people out of the … More

    Where's the Bad News on the Deficit? Here It Is.

    The Washington press corps was all atwitter yesterday with the news that the budget deficit is shrinking and the red ink will hit a seven-year low of $514 billion this year and $478 billion next year. Wait. This is progress? Half-trillion-dollar deficits would have been unthinkable a decade ago; now … More

    Share One of These to Let the President Know You Haven't Forgotten

    In 2009, President Obama threatened those who criticized Obamacare: “If you misrepresent what’s in this plan, we will call you out.” But as Obamacare unfolded in 2013, it was clear the President and his Administration were the only ones misrepresenting the law. Now, Mr. President, we’re calling you out. In our … More

    The Ryan–Murray Budget Deal: Unnecessary Pain for Americans

    The controversial budget deal reached by Representative Paul Ryan (R–WI) and Senator Patty Murray (D–WA) has been criticized by experts on both sides of the issue for delaying needed budget reforms. Romina Boccia, Heritage’s Grover M. Hermann Fellow in Federal Budgetary Affairs, discussed the deal with Obama’s car czar Steven … More

    Poll: 65 Percent of Americans Think Congress Can Find More Spending Cuts

    As the Senate prepares to take up the new House-passed budget that undoes sequester cuts and increases spending, a clear bipartisan majority of American voters—65 percent—“firmly disagree[s] that ‘there are no more cuts to make’ to federal spending,” according to a recent poll conducted by the Tarrance Group. The poll, … More

    The More You Buy, the More You Save

    ‘Tis the season for sales. But beware of this enticing line: “The more you buy, the more you save!” Because, when the bill comes, the truth is: The more you buy, the more you spend. Some Members of Congress are using this logic in their latest budget proposal. They’re promising … More

    Budgets, Abortion, and Obamacare: 9 Things House Conservatives Said Today

    The Murray-Ryan budget surfaced Tuesday night, and led the conversation between House conservatives this morning at The Foundry’s Conversations With Conservatives. Missed the event? We’ve compiled an exclusive list of some of their comments below. On the Murray-Ryan Budget Deal: Representative Mick Mulvaney (R-SC): Now we’ve raised the debt ceiling over … More

    3 Things You Need to Know About the Congressional Budget Deal

    Many had high hopes that the first budget conference in four years would make a substantial down payment toward fixing the U.S. spending and debt crisis. The new “Bipartisan Budget Act” thoroughly disappoints. While we dig through the details for a more complete assessment, here are three key facts on … More