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    Chart of the Week: Each American's Share of National Debt is Growing

    Throughout the debate over the debt limit these past few weeks, Americans have become increasingly alarmed with our nation’s staggering $14.3 trillion debt. Many might wonder how the government is ever going to repay its mounting debt. Unfortunately, that responsibility will fall to the Debt-Paying Generation (ages 5-30). Currently, every … More

    Chart of the Week: National Debt Set to Skyrocket

    The Senate canceled next week’s recess to address the country’s debt crisis. It’s an issue in the headlines every day as lawmakers and the White House debate a debt-reduction plan. Why does it matter? The national debt is set to explode in the coming decades as spending on entitlement programs … More

    The European Debt Crisis: A Preview of U.S. Woes?

    Similar issues are confronting both the U.S. and Europe today. As the Grecian debt tragedy unfolds, the underlying fear is that it may be a prequel to what will happen here. The nation’s spending and debt situation is dire and our course must change. Washington is coming closer to the … More

    Just How Big Is $1 Trillion?

    Billion used to be a big number in the United States, but today trillion is tossed around with increasing regularity. We could use your help communicating its significance. Whether it’s the $14.3 trillion public debt or the $62 trillion owed for the government’s unfunded liabilities, the number is so large … More

    Obama Budget Adds $80,000 per Household to National Debt

    The Congressional Budget Office (CBO) has completed its initial review of President Barack Obama’s budget request and found that the White House significantly understated the cost of and red ink in its budget. While President Obama claimed his budget would produce $7.2 trillion in deficits (a staggering figure) over the … More

    Guest Blogger: Saving Our Nation From Debt

    Uncle Sam is spending you into the poorhouse. Taxes, inflation, unemployment, interest rates – all could skyrocket if Washington keeps spending trillions of dollars it doesn’t have. Unless we begin to cut spending now (a lot of spending) these four horsemen of debt will ride roughshod over families and businesses … More

    Federal Government Could Reduce Debt by $1.5 Trillion with a Sale of Unneeded Assets

    As Congress and the President scramble around for budget cuts, caps and freezes, all are ignoring a wealth of federally owned assets that serve little or no purpose to our nation. If sold, the proceeds would measure in the hundreds of billions and would take a significant chunk out of … More

    VIDEO: In The Green Room - Senator Pat Toomey (R-PA) on the Debt Ceiling

    “We have an Administration that is saying, we want you to vote on the debt ceiling and continue business as usual. No reforms, no cuts in spending,” explains Senator Pat Toomey (R-PA). With pragmatic perspective and common-sense suggestions, Toomey debunked the debt limit hysteria in a speech at The Heritage … More

    UPDATED - NEW VIDEO: Pork-filled Spending Bill Just More of the Same

    Update – 9:00PM: Earlier this evening, Senator Harry Reid (D-NV) decided against proceeding with the omnibus bill, promising instead to pursue a short-term continuing resolution. As we reported this week, Congress is considering a new $1.1 trillion omnibus spending bill. This 2,000 page monster is the result of a refusal … More

    VIDEO: Congress Must Cut Spending

    In advance of today’s vote on the National Commission on Fiscal Responsibility and Reform’s report, there has been increased attention on the nation’s fiscal health and the serious dangers posed by our out-of-control national debt. But while this issue has garnered increased scrutiny, some continue to ignore the real cause … More