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    Bipartisan Policy Center's "SAVEGO" Is a Free Pass to Tax Hikes

    It seems everyone except President Obama is presenting a detailed plan for dealing with our nation’s rapidly growing debt these days. The latest entry comes from the Bipartisan Policy Council. One feature of their plan, “SAVEGO,” calls for automatic spending cuts and higher taxes should Congress not reduce the debt … More

    Obama Belatedly Engages on Budget by Launching a Political Screed

    An editorial headline in today’s Washington Post captured it well: “Late to the Game – Again.” President Obama gave what was billed today as a major speech on fiscal policy. The speech, more a partisan campaign blast than an attempt at non-partisan leadership, comes two months after he released his … More

    Ryan Budget Critics Incorrectly Attack Heritage Analysis

    Except in Jeopardy!,  questions usually come first, followed by answers. Likewise, when criticizing public policy studies and their underlying methodologies, it typically helps to see the policy study and methodology used before one embarks on criticism. Today at 8:37 a.m. ET, Matt Yglesias of the Center for American Progress’ Think … More

    Morning Bell: Chairman Ryan's Budget Resolution Changes America's Course

    America needs to change course. Our current direction is fiscally and economically unsustainable and politically and culturally bankrupting. It is threatening the well-being and future of our country. House Budget Committee Chairman Paul Ryan’s (R–WI) budget proposal, for the first time in recent memory, sets our nation on a different … More

    Rep. Bachmann Helps Expose Secret Stash of Obamacare Cash

    You’d think that billions of dollars in government spending would be hard to hide, especially from the Members of Congress who voted for it. Think again. Buried in the 2,700 pages of last year’s Obamacare legislation lies $105 billion in appropriated funds that bureaucrats are already using to implement Obamacare. … More

    Anti-Drilling Policies Costing Federal Government Billions in Lost Revenue

    Billions of dollars in potential oil revenue that could help close the federal deficit is being lost as a result of President Obama’s anti-drilling agenda. Production in the Gulf of Mexico — which normally accounts for about 30 percent of all U.S. production — is expected to drop this year … More

    Morning Bell: Repeal Doesn't Increase the Deficit

    When now-House Minority Leader Nancy Pelosi (D–CA) was sworn in as Speaker on January 4, 2007, the national debt stood at $8.67 trillion. By the time Pelosi surrendered the gavel to Speaker John Boehner (R–OH) yesterday, the national debt stood at $14.01 trillion. At $5.34 trillion, that means Speaker Pelosi … More

    Morning Bell: Top Ten Reasons America Won't Miss the 111th Congress

    The 111th Congress is officially over, and according to Gallup, it’s also officially the worst Congress in the history of polling. Yet despite its 13% approval rating there are those who are hailing the 111th Congress for its myriad legislative “accomplishments.” Not surprisingly, many of those touting those “accomplishments” are … More

    Are Visas for India’s High Tech Companies Congress' New Cash Cow?

    Republicans and Democrats can always agree on spending more money. Their default position is usually not to cover costs.  But if they must, there’s one sure-fire political no-brainer: make foreigners pay.  After all, they can’t vote.  Next year, as Congress begins to take a closer – perhaps serious – look … More

    The Euro Suffers an Identity Crisis

    Pity the poor euro. It’s a currency, but it’s asked to be so much more. More, indeed, than any currency can possibly be. The euro was born to glorious pomp and circumstance just 12 years ago, replacing a gaggle of currencies (including the mighty German D-Mark) with a single currency … More