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  • fiscal crisis

    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

    National Financial Capability Month: Is President Obama Setting a Good Example?

    Last week, the President declared April 2013 National Financial Capability Month in an effort to encourage Americans to budget responsibly. This is a commendable goal. However, with the President’s budget more than two months late, it’s worth considering how the President is managing the nation’s finances: He grew the national … 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 Second Inaugural Address, Translated

    Members of Congress—who are about to debate raising the debt ceiling tomorrow—should have paid attention yesterday. The President was very clear that he sees no urgency about reducing the debt and cutting the deficit. In fact, in his second inaugural address, President Barack Obama was honest about his intentions to … More

    Morning Bell: Taxes to Rise on Most American Workers

    Representative Nancy Pelosi (D-CA) called it “a happy start to a new year.” That probably tells you all you need to know about the fiscal cliff deal that passed the House last night. The bill—which President Obama has promised to sign, though he took off for Hawaii again after the … More

    Morning Bell: 10 Facts on the Fiscal Cliff, Debt, and Spending

    Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in Congress to avert a major tax hike, sequestration, and other major policy changes, today we bring you … More

    Morning Bell: Conservatives Stand Their Ground

    “When you can’t make them see the light, make them feel the heat.” President Ronald Reagan’s sound advice rang true yesterday. Grassroots activists and conservative groups, led by Heritage Action for America, derailed a plan to raise taxes on some Americans and small businesses. Lacking votes from his own party, … More

    Morning Bell: 3 Simple Solutions for Fixing Social Security

    Later today the Republican-led House of Representatives will vote on “Plan B,” the latest unsatisfactory proposal put forward by Speaker John Boehner (R-OH) to avoid the fiscal cliff. Boehner’s plan would protect most Americans, except for millionaires, from a tax hike. But even this is a poor fix because it … More

    Morning Bell: 6 Fixes to America's Fiscal Crisis

    President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to … More

    Obamacare: The Battle Intensifies

    Obamacare is not here to stay. Despite the 2012 election, the assumption that the health care law will stay on course is another example of the left’s wishful thinking. Of course, efforts for a complete repeal will likely face the same fate as efforts in the last Congress did. But … More