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    Americans Want Solutions, Not Procrastination on Debt, Budget Crisis

    Nearly two-thirds of Americans polled by Bloomberg answered that “it is right to require spending cuts when the debt ceiling is raised…because Congress lacks discipline on spending.” Their voices were not heard by Congress as it signed its terms of surrender. In the final hours before October 17—the alleged day … More

    Three Magic Tricks Washington May Try to “Solve” the Debt Crisis

    Yesterday in a press conference regarding the national debt, President Obama stated: “There is no magic wand that allows us to wish away the chaos.” This is true, especially when one considers America’s massive debt and its long-term consequences. However, as Congress and the President (finally) begin to grapple with … More

    Debt Ceiling Raised Seven Times Under Obama, Costing $43,000 Per Household

    Did you know that since President Obama came into office, the debt limit has been raised seven times? With those increases, Congress has added $43,000 in debt for every American household in just the last four years. And now the debt limit deadline is looming again. Treasury will run out … More

    What You Need to Know About the Debt Limit

    The Congressional Budget Office just dropped a budget update on Washington, and it’s not good. The U.S. government is spending recklessly—and Obamacare is adding fuel to the fire. The new report comes at a crucial time, as negotiations over the debt limit are starting up again. Here are some basics … 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

    Senate Majority Leader: “We’re Through” Making Defense a Priority

    Senator Harry Reid (D–NV) made it quite clear that he no longer views defense as a priority: “We are not going to be gamed by having the military programs funded at a much higher level than Head Start program, or the National Institute of Health. We’re not going to do … More

    'Tis the Season: Sequester Furloughs Start

    Yesterday marked the beginning of sequestration’s furlough period. Most of the Department of Defense’s roughly 800,000 civilian workers will go without pay for about one day a week every week until September 30. These furloughs do not address the Pentagon’s long-term fiscal challenge. The furloughs are a result of the … More

    Cut Government Spending to Help the Economy? Majority Say Yes

    A recent Rasmussen poll (subscription required) found that 65 percent of likely voters want the government to cut spending to help alleviate the country’s economic woes. Four years after the official end of the recession in June 2009, the economy is growing sluggishly. As The Wall Street Journal reports today, … More

    Morning Bell: Time to Shrink the Monster

    Does the debt ceiling affect YOU? It does—in many ways. A new video by Bankrupting America uses humor to call attention to an issue that is anything but funny, and why it matters for every American household. Recent Heritage research reveals how the rising national debt hurts American families, including: … More

    A Spend-More, Tax-More, and Borrow-More Budget Would Hurt, Not Help

    Congress needs to drive down federal spending toward a balanced budget, including through entitlement reforms, while maintaining a strong national defense and without raising taxes. Neither the House of Representatives nor the Senate achieved that objective when they adopted their respective versions of the government budget for fiscal year 2014 … More