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    Morning Bell: Struggle to Solve Debt Limit Crisis Goes On

    Last night, the House of Representatives was set to vote on House Speaker John Boehner’s (R–OH) plan to raise the debt ceiling, as the projected August 2 deadline looms. Failing to round up enough votes to secure the bill’s passage, House Republicans closed up shop for the night and are … More

    Another Obamacare 'Glitch' Will Add Billions to the Deficit

    A new report from Cornell economist Richard Burkhauser and his colleagues has once again called into question the claims of the Congressional Budget Office (CBO) and White House that Obamacare would have only a minimal impact on employers’ decisions to offer their employees health care. The report warns that Obamacare … More

    CNN Poll: Two-Thirds of Americans Support 'Cut, Cap and Balance' Plan

    Senate Democrats are on the warpath against the House-passed Cut, Cap and Balance Act. They have taken to calling it the “Cut, Cap, and Kill Medicare Act.” At a press conference on Wednesday, Sen. Barbara Mikulski (D-MD) aptly summed up the left’s characterizations of the legislation, calling it “cruel, dangerous, … More

    Ezra Klein Offers Dubious Statistics in Attacks on 'Cut, Cap, and Balance'

    [Klein responded in a post Wednesday afternoon. See below for our reply.] Ezra Klein, the Washington Post’s liberal political blogger, has been pushing a pair of questionable assertions in his posts on congressional Republicans’ plan to, as they say, “cut, cap, and balance” the federal budget. Klein has claimed, falsely, … More

    The U.S. Government Debt Default Bogie Man Scares No One

    Ever since the debate over the debt limit began in earnest at the start of the year, the Obama Administration, led by Treasury Secretary Tim Geithner, has implied that the U.S. might default on its publicly held debt. In his press conference today, the President said that “it is not … More

    Scribecast: DeMint Says Obama Trying to 'Run Out the Clock' on Debt Talks

    In a Thursday interview with Scribe, Sen. Jim DeMint, R-SC, claimed that President Obama has no real intention of striking a deal with Republicans on the debt ceiling. Rather, he said, the talks between congressional leaders and the White House have been efforts to “run out the clock up against … More

    On Debt, Don’t Let Politicians Rush Through Another Bad Deal

    Our future should not be determined behind closed doors.  Yet that’s where the White House and Congress are holding secret talks about our debt ceiling and about taxes and spending. We deserve openness instead.  We don’t need another farce when the players suddenly burst from their huddle, line up Members … More

    PODCAST: Heritage 2011 Budget Chart Book

    In a new Heritage in Focus, Heritage research assistant Emily Goff discusses our 2011 Budget Chart Book which shows in vivid detail the severity of America’s spending crisis. Listen to the full interview here. In this podcast, Goff offers solutions to prevent us from worsening our fiscal situation. In addition, … More

    CBO Long-Term Budget Report: Our Dire Fiscal Situation

    Today’s release of the 2011 Long-Term Budget Outlook by the Congressional Budget Office (CBO) yet again confirms what we already know: America’s budget is continuing down an unsustainable path, and the longer we wait to address this problem, the more painful the policy fixes will have to be. The CBO … More

    Deficits: Spending, Not Revenue, Is to Blame

    Deepening federal budget deficits indicate that one component of the federal budget baseline—either spending or revenue—is out of alignment. Closer inspection reveals that spending is the root cause, but both spending and revenue deserve equal treatment in policy discussions about reducing debt and deficits. Often, however, Members of Congress and … More