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  • national debt

    How Much Debt Is Too Much?

    Following the news that the U.S. national debt has increased by $1 trillion for the fifth year in a row and that Greece’s debt crisis may force it from the eurozone, The Heritage Foundation has published a primer on national debt and sovereign default. National debt in a healthy economy … More

    Chart of the Week: Obama Makes Defense the Lowest Budget Priority

    President Obama’s budget proposes a sharp increase in entitlement spending and more outlays for domestic programs and interest on the national debt. Defense spending, meanwhile, takes a backseat to Obama’s other priorities. The long-term outlook: Obama would make defense the lowest budget priority among the major categories of spending in … More

    Scribecast: Rep. Frank Wolf Discusses Political and Religious Rights

    With economic issues dominating the domestic political agenda and much of our foreign policy focused on combating terrorism, systematic violations of political and religious rights by some of the world’s most tyrannical regimes receive less attention than perhaps they should. Rep. Frank Wolf, a Republican representing Virginia’s 5th District, is … More

    Morning Bell: The Truth About the Balanced Budget Amendment

    In case you’re not keeping track, it has been nearly 1,000 days since the United States Senate passed a budget. Meanwhile, America’s fiscal nightmare keeps growing, and those on the left—including Members of the Senate—keep advocating for even more spending despite America’s $15 trillion national debt. That’s an important record … More

    Exclusive Interview: Sen. Pat Toomey on the Super Commitee's Failure

    As one of the 12 members of Congress on the Super Committee, Sen. Pat Toomey (R-PA) had a front row seat for all the negotiations. Since the committee’s announcement late last month that they had failed to reach a deal on at least $1.5 trillion in savings, Toomey has been very vocal … More

    Chart of the Week: Your Share of the National Debt Is Growing Rapidly

    The newly formed Joint Select Committee on Deficit Reduction holds its first meeting this week. The 12-member panel will gather at 10:30 a.m. Thursday for an organizational session, then meet again on Sept. 13 at 10:30 a.m. for a hearing on “The History and Drivers of Our Nation’s Debt and … More

    Top 10 Reads: August 23, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. The Year of School Choice – Ed Feulner, The Washington Times Beware: New Obamanomics Plan Ahead – Brian Darling, Human Events Health insurance mandates threaten everyone’s freedom – Chuck Donovan, Daily … More

    When America Paid off the National Debt

    Winter has turned to spring and spring has turned to summer, but Congress and the White House are still debating how to handle the limit on our national debt.  In the 1830’s, however, President Andrew Jackson set about an even more daunting task: paying the debt off entirely.  America accomplished … More

    VIDEO: Reid Goes Ballistic Over Cut, Cap and Balance

      Senator Harry Reid (D-NV) today unloaded on the Cut, Cap, and Balance Act recently passed by the House of Representatives. While announcing that the Senate would be voting on the legislation Friday rather than Saturday (as previously expected), Reid excoriated the bill: “If they [Senate Republicans] want to debate … More

    Heritage’s Bill Beach: Fix the Debt, or Taxes Will Double for Millennials

    In a new interview with The Boundless Show, Bill Beach of The Heritage Foundation shocked host Lisa Anderson and her young-adult audience with his statement: “If we don’t immediately act to solve the debt crisis, what will happen is tax rates will basically double by the time the current millennial generation is … More