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    Indonesia Could Teach U.S. Some Fiscal Responsibility

    On July 11, German Chancellor Angela Merkel praised Indonesia as a model of government debt management. In absolute terms, though, Indonesia’s government spending and government debt has steadily increased. Indonesia’s robust fiscal standing comes first from economic growth with some help from controlling fuel subsidies. Indonesia’s government debt declined from … More

    House Hearing: Secretary Sebelius Talks Fiscal Responsibility and Obamacare

    Yesterday, Secretary of Health and Human Services Kathleen Sebelius testified before the House Energy and Commerce Committee on the President’s fiscal year 2012 budget and implementation of Obamacare. The Secretary’s remarks highlighted the need for fiscal responsibility and health care reform that gives greater power to individuals and more flexibility … More

    Is New York State on Track to Become Fiscally Conservative? Will Congress Follow Suit?

    New York Governor Andrew Cuomo (D) promised during his campaign that he would balance the Empire State’s budget without increasing taxes or borrowing. Left untouched, the state’s $135 billion budget would otherwise result in $10 billion in deficit spending. This week, Cuomo appears to have taken the first step to … More

    Yes, Mr. President, You Can Cut Spending

    Today, White House Chief of Staff Rahm Emanuel and budget director Peter Orszag released a joint memo asking government agencies to create lists of ineffective programs with the intention of enacting future budget cuts of 5 percent. This initiative follows in the footsteps of proposed legislation that would give the … More

    Morning Bell: The Obama Fiscal Responsibility Farce Continues

    Today President Barack Obama’s National Commission on Fiscal Responsibility and Reform will convene for the first time at the White House. Tasked with making recommendations to Congress that would put the budget in primary balance by 2015 and “meaningfully improve” our nation’s long-term fiscal outlook, the commission meets a little … More

    A Second Chance for Fiscal Responsibility

    Last January, Senators Jeff Sessions (R-AL) and Claire McCaskill (D-MO) introduced an amendment which would have taken the first steps toward restoring fiscal responsibility in Washington. While the amendment failed to attain the necessary 60 votes for passage, it did gain strong bipartisan support, with 16 Democrats joining all but … More

    One Week After Passing, Congress Set to Break PAYGO

    Just last week Congress revived PAYGO legislation which is supposed to force legislators to offset any new spending with spending cuts elsewhere in the budget. While this won’t come as a shock to most Foundry readers, The Hill reports that “the ink is barely dry on the pay-as-you-go law, and … More

    Keynesian Doublespeak

    A year ago, President Obama warned the American people that the financial crisis was dire and required a whole new approach to government spending. Obama argued that the government must help America spend its way out of the recession, and his economists, using Keynesian multipliers, argued the “stimulus” would keep … More

    10 Democrats Stand Up for Fiscal Discipline--Will Leadership Follow?

    Ten democratic Senators recently issued an important call to action for Majority Leader Harry Reid to support efforts to get America’s long-term fiscal imbalance under control. One can only hope Senator Reid listens. As the letter notes, America is already $12 trillion in debt and, in the next decade, will … More

    In the Green Room: Rep. Jason Chaffetz (R-UT)

    [youtube]http://www.youtube.com/watch?v=8UoSvb8yYwI[/youtube] Rep. Jason Chaffetz, a newly minted freshman from Utah, brought his laid back, candid style to Heritage at Tuesday’s blogger briefing. Chaffetz won his seat using social media and demanding fiscal discipline from Washington. We have to adhere to the Constitution, to fiscal discipline, to limited government, accountability and strong national … More