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    CBO Report Estimates 2014 Deficit at Half a Trillion Dollars: Why The Real Deficit Number is Actually Higher

    Today the Congressional Budget Office (CBO) released its updated projections for the 2014 federal budget. CBO reports the 2014 deficit at $492 billion, just shy of a half a trillion dollars. However, this estimate should be taken with a heap of salt: It is arguably misleading to the extent that … More

    Washington Post Op-Ed: You Didn’t Pay For That (And She’s Right)

    Past and current retirees receive much more in benefits from Social Security and Medicare than they paid into the systems. Absent reform, younger generations will get stuck with an unfair burden and less financial security. One of the most common reactions to arguments in favor of entitlement reform is to … More

    By How Much Did Congress Increase the Debt Ceiling? Hint: It’s a Trick Question

    Just a few weeks before President Obama releases his budget proposal to boost deficit spending for the remainder of his term, Congress voted to “raise the nation’s borrowing limit through March 2015.” But there’s one big question: By how much did Congress raise the debt limit, exactly? As Heritage’s Romina … More

    If Only a Snow Shovel Could Dig Us Out of This

    Thanks to Congress, the U.S. now doesn’t have a debt limit for the next year. Let two Heritage experts put this into perspective. “President Obama, after less than five years in office, has already increased the debt limit by more than any other president in U.S. history, including President George … More

    Congress Is Giving Obama a Blank Check

    Remember all those debt limit fights? Well, apparently Congress got tired of fighting. So now they’re working toward doing away with the debt limit altogether. In recent years, conservatives fought to get at least some spending cuts, to begin putting the budget on a path to balance—after all, raising the … More

    Stuck in Congressional "Groundhog Day"

    In the movie “Groundhog Day,” Bill Murray wakes up again and again to find that he is stuck in the same day. This happens multiple times a year now with Congress on the debt limit, which we just hit again on Saturday. >>> Check Out: The Debt Ceiling Returns as … More

    Get Ready For a Year of 'Inaction' On the National Debt

    President Obama had an opportunity to satisfy the vast majority of voters by making the national debt a “high priority” in his State of the Union speech. But he squandered his chance. A Peterson Foundation poll found that 83 percent of voters want the Administration to name the national debt … More

    No More Band-Aids for Defense Acquisition

    Last week Admiral Mullen highlighted the national security consequences posed by the national debt as he keynoted Concerned Veterans for America’s fifth and final event in their Defend & Reform Breakfast series. This series outlined the ways Americans can contribute to freedom by advancing reform. Reiterating his now famous warning, … More

    Members of Congress Won't Read This Bill

    Passing bills to find out what’s in them… that was so 2010, right? Sadly, no. Any day now, Congress is likely to release the trillion-dollar Trojan horse that is the spending bill for 2014. It’s going to be big, and it’s going to be rushed. And few members of Congress … More

    Poll: 65 Percent of Americans Think Congress Can Find More Spending Cuts

    As the Senate prepares to take up the new House-passed budget that undoes sequester cuts and increases spending, a clear bipartisan majority of American voters—65 percent—“firmly disagree[s] that ‘there are no more cuts to make’ to federal spending,” according to a recent poll conducted by the Tarrance Group. The poll, … More