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    Morning Bell: No Debt Ceiling Raise Without Spending Cuts

    On March 16, 2006, when our national debt stood at $8.27 trillion, a young Senator from Illinois announced his intention to vote against raising our nation’s debt ceiling to $9 trillion, explaining: The fact that we are here today to debate raising America’s debt limit is a sign of leadership … 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

    How Would You Reduce the Deficit?

    Last week, the co-chairs of the President’s deficit commission released a report of possible proposals for the commission’s final report. Recommendations included cuts to discretionary, mandatory, and defense spending as well as tax increases. The report was a good start to the debate and will gauge the readiness of lawmakers … More

    Spending Cuts Are Good for the Economy

    Reducing budget deficits by cutting government spending has a stronger record of economic stimulus than either reducing the deficit with tax increases or increasing government spending. That’s what Harvard economists Albert Alesina and Silvia Ardagna have found in their recent research. They examined 107 instances of large reductions (at least … More

    President Obama’s Fictional Spending Cuts

    Last spring, President Obama proposed $11.3 billion worth of discretionary spending cuts. Today’s Washington Times notes that Congress accepted $6.9 billion worth of these cuts, a 61 percent success rate. In a $3.6 trillion federal budget, that comes to just 0.2 percent of the federal budget. But there is a … More

    A Call to Protect America

    On July 20th, The Heritage Foundation launched the Four Percent For Freedom Petition calling on President Obama and Congress to halt defense spending cuts. If Congress passes Obama’s budget, America will spend less on defense than before the September 11th attacks. This puts our men and women in uniform at … More

    Morning Bell: The Obama Fiscal Responsibility Farce Continues

    The federal government is estimated to run a 2009 budget deficit of $1.845 trillion. While it is true that President George W. Bush handed President Barack Obama a $1,186 billion deficit for the year, Obama has only added to that total to the tune of $659 billion. Worse, President Obama’s … More