Brand-new Congressmen don’t take office until January, but they’re already consumed with worry about the national debt. They’ll be faced with a vote expected next year to raise the debt ceiling beyond its current $14.3-trillion (about $47,000 apiece for everyone in America). The current $14.3-trillion debt ceiling has almost doubled …
In advance of today’s vote on the National Commission on Fiscal Responsibility and Reform’s report, there has been increased attention on the nation’s fiscal health and the serious dangers posed by our out-of-control national debt. But while this issue has garnered increased scrutiny, some continue to ignore the real cause …
Faced with predictions of staggering losses for his party in November’s midterm elections, President Barack Obama today appeared on ABC’s “Good Morning America” and said, “If the election is a referendum on ‘are people satisfied about the economy as it currently is,’ then we’re not going to do well, because …
Today, Heritage budget expert Brian Riedl testified before the National Commission on Fiscal Responsibility and Reform, more commonly known as President Obama’s “deficit commission.” The commission has been tasked to offer suggestions to reduce the federal deficit—a necessity which was proven even more serious today by the release of the …
In the week leading up to the G-20 Summit in Toronto this weekend, German Finance Minister Wolfgang Schäuble has added his voice to the growing discussion about the United States’ recession spending spree. In a response to President Obama’s call for further international recession spending, Schäuble stated “governments should not …
A June Health Affairs briefing on the implementation of the Patient Protection and Affordable Care Act (PPACA) showed just how deep the chasm is between many of Washington’s policy experts and ordinary Americans. At the briefing, panelists discussed the potential impact and implementation of the PPACA amidst the public’s uncertainty …
Many Americans mistake the United States’ capability to borrow money as an indicator that our nation is incapable of incurring the same fiscal mess Greece currently finds itself in. In reality, this isn’t so, and this mentality could prove dangerous for America’s future if used to placate lawmakers regarding the …
