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    Want Your Own Haunted Island? How About a Former Monastery?

    An island in the Venice lagoon is part of several properties and assets that the Italian government is selling to slash its public debt and comply with European Union guidelines, according to Reuters. Italy is selling the island of Poveglia, which has been inhabited for years and is called “the … More

    This Is Not a Ranking We Should Be Proud Of

    Would you want to live in a country that is losing freedom? How about a country that has lost ground in property rights and become more corrupt? If you’re an American, you’re living there. The 20th anniversary edition of the Index of Economic Freedom reveals that the United States has … More

    Your Money in Pictures: The Top 5 Charts of 2013

    As part of our countdown to the new year, here are Heritage’s top five must-see charts of 2013. 5. What If a Typical Family Spent Money Like the Federal Government? While middle-class families are still plagued by a sluggish recovery in the Obama economy, this is what their finances would … More

    What the Founders Thought about Debt

    “Neither a borrower nor a lender be,” wrote William Shakespeare in Hamlet. As the Founders were exceptionally well read men, they surely knew the reference. And it’s clear that, when it comes to governing a nation, the Founders were nervous about allowing it to run up too much debt. As … More

    Obama Needlessly Scares Seniors: Social Security Checks and the Debt Limit

    President Obama is needlessly scaring seniors by suggesting that their Social Security benefit checks may not arrive on time if the U.S. runs out of borrowing authority at the debt limit. The 57 million Americans who receive Social Security benefits should know that their benefits will not be affected—unless President … More

    Without Reform, Entitlement Spending Poses a Default Risk

    The Obama Administration argues that failure to raise the debt limit would lead to a default on federal debts, causing unacceptable harm to the economy. But the President has ample discretion to prioritize debt payments and avoid default. The President has failed to address the more fundamental risk of default: … More

    Don’t Hit Snooze on the Debt

    The national debt is a few years away from an unprecedented peacetime explosion, according to the Congressional Budget Office (CBO). Without serious fiscal restraint, public debt will reach 80 percent of gross domestic product (GDP) in 2022 and then explode to 190 percent of GDP in 2038, around the time … More

    CBO Report's Facts Speak Louder Than Obama's Spending and Debt Crisis Denial

    The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt crisis is only getting worse. U.S. public debt doubled since before the recession and stands at a 50-year high today. The American public has not … More

    Sequestration Helps Force Needed Spending Cuts and Enables Private-Sector Jobs

    The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the numbers into its economic model, and the model gave the result it was written to give: more government spending equals more output in the government … More

    Morning Bell: 3 Whoppers from Obama's Big Economic Speech

    President Obama sure was excited about his speech yesterday. He talked for more than an hour in sweeping, grandiose terms about everything that’s happened since he became President, and everything that’s still going to happen. If only more of it were true. Here are three major whoppers Obama tried to … More