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    Health Care Spending Crisis Coming; Obamacare Adding Fuel to the Fire

    Today’s Congressional Budget Office (CBO) report reiterates the long-standing and obvious fact that there is a health care spending crisis approaching, resulting largely from the structurally flawed Medicare program and made significantly worse by Obamacare’s new unfunded entitlement spending. The key points: Medicare spending is unsustainable, but it’s even more … More

    How to Cut $42 Billion in Spending in the FY 2014 Continuing Resolution

    Congress is in the midst of debating spending levels in a fiscal year (FY) 2014 continuing resolution. It’s no surprise that the two chambers disagree over how much to spend and funding for the President’s damaging health care law. The Senate proposes to spend $1.058 trillion, dismissing the spending caps … More

    While Debt Crisis Looms, Washington Still Focused on Undoing Sequestration

    Lawmakers are on track to bargain away the one spending cut they got. The Washington Post reports that President Obama and a group of Republican Senators stalled on a budget deal on Thursday that revolved in part around the question of how to best renege on sequestration. Republicans want to … More

    Should We Delay or Defund Obamacare?

    Conservatives are united in one idea: Obamacare is devastating policy for America. To halt its destructive effects, some are saying Congress should merely delay the law. But to truly stop it, Obamacare must be defunded. Some conservatives are arguing for postponing the individual mandate and employer mandate for one year. … More

    Obama’s New "Grand Bargain" Is Another Tax Increase

    President Obama gave his second in series of summer speeches on the economy today. Like his first speech last week, he recycled several old policies that he’s trotted out before. The only new policy of note was another attempt at a so-called “grand bargain.” The President’s latest iteration of a … More

    Moody's: Further Deficit Reduction Needed to Maintain Stable Outlook

    Moody’s changed the outlook on the U.S. credit rating from negative to stable this week, citing improving deficits. While this is good news, policymakers should curb their enthusiasm about what this means for the U.S. debt situation. The improvement could be fleeting, as Moody’s relies heavily on favorable economic growth … More

    Morning Bell: Obamacare's Negative Impact on Seniors

    The Medicare program that provides health insurance to seniors faces a dire financial future. And Obamacare is making it worse. Medicare’s Part A trust fund is projected to be insolvent by 2026 and the total program has a long-term unfunded obligation of more than $35 trillion. This means the government … More

    House vs. Senate Budget: What a Balanced Budget Looks Like (CHART)

    This week, the budget committees of both chambers of Congress released their budgets ahead of President Obama’s budget—marking the first time in 92 years that Congress kicked off the budget process instead of the President. The House budget, under the helm of Chairman Paul Ryan (R–WI), delivers a balanced budget … More

    FY 2014 Budget Should Keep Defense Fully Funded

    Heritage’s newly released Issue Brief “What the FY 2014 Budget Should Do” provides a blueprint for turning back Washington’s unsustainable spending and keeping national defense fully funded. Modernizing the U.S. military is critical. After all, “to provide for the common defense” is one of the primary constitutional responsibilities of the … More

    Sequestration: Much Larger Spending Cuts Needed to Balance the Budget

    Sequestration, the set of automatic spending reductions set to hit on March 1, barely makes a dent in federal spending over the next decade. Much larger spending cuts are needed to rein in growing spending and debt and avoid a debt crisis. Federal spending is projected to grow from $3.6 … More