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    Morning Bell: Obama's Sequester Smokescreen

    Suppose you desperately needed to lose weight but had a Big Mac with fries and a Coke staring you in the face. You could take your need to diet seriously and say, “No thanks, I’ll have a salad.” Or you could decide to reduce the Big Mac meal by 2 … More

    CHART: Obama 2013 Tax Increase Twice as Large as Looming Sequestration

    While President Obama is traveling across the nation campaigning against sequestration at the very last minute, the economy is working through a tax increase nearly twice the size of the sequestration cuts for fiscal year (FY) 2013. The President knew for more than a year that sequestration was looming and … More

    High Debt Threatens Economic Growth

    Economic scholars have recently shown how high government debt has a negative effect on long-term economic growth. Government debt crowds out private investment, slowing the growth of gross domestic product (GDP) and wages. The consensus is that “debt drag” gets worse as debt rises. Like piling bricks on a sled, … More

    Chart of the Week: Sequestration Cuts 2.4 Percent out of Total Spending

    Federal spending will explode from $3.6 trillion to $6 trillion over the next 10 years, but the much-maligned sequester will cut only 2.4 percent of this spending. Sequestration represents a relatively small cut in projected spending. So why are so many in Washington wringing their hands over a two-and-a-half percent … More

    Morning Bell: Obama and the Seuss-quester

    On Pennsylvania Avenue, right near the end, there lived a President who wanted to spend. He knew spending meant power, so hour by hour, he thought up more spends from his Washington tower. “I’ll spend without limits; I’ll spend without blame! Raising taxes to pay—that’s the name of the game.” … More

    Morning Bell: Spending Cuts Are Happening, One Way or Another

    Federal budget cuts called “sequestration” are scheduled to hit in just 10 days. The sequestration cuts are not perfect—they’re a blunt instrument to cut spending, rather than a deliberative plan that sets priorities, trims entitlements, and cuts other spending. But they are law. It would be better to replace them … More

    Morning Bell: Why Should I Care About the U.S. Debt?

    You’re busy. So busy you barely have time to read these words. So why should you care about the us debt? Does it affect your life? Unfortunately, high government debt is having more of an impact on each of us than we realize. Heritage’s Romina Boccia explains that high levels … More

    Morning Bell: Obama's Bogus State of the Union Promises

    Tonight, the American people will be watching President Obama’s fifth State of the Union address. How has he done on his promises over the past four years? Take a look at some of the promises Obama made back in 2009 during his first State of the Union. “I pledged to … More

    Morning Bell: How to Balance the Budget in 10 Years

    Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate would put together a budget for the first time in three years—and the details of that budget are crucial. To prevent the federal debt from … More

    The Curious World of Jack Lew, Treasury Secretary Designate

    President Obama has nominated White House Chief of Staff Jack Lew to succeed Timothy Geithner as Treasury Secretary. Lew could be in for some tough questioning. For better or for worse, the Secretary of the Treasury stands at the center of the U.S. financial system simply by virtue of the … More