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    Look Closer: Tax Increases, Not Spending Cuts, Are the Harmful Austerity

    Proponents of government spending want to use the recent history of Europe as evidence that spending cuts are harmful, but their arguments lose traction when one looks closely at the data. One example comes from Paul Krugman, who used the International Monetary Fund’s Fiscal Monitor data to argue that “austerity … More

    Americans Want Solutions, Not Procrastination on Debt, Budget Crisis

    Nearly two-thirds of Americans polled by Bloomberg answered that “it is right to require spending cuts when the debt ceiling is raised…because Congress lacks discipline on spending.” Their voices were not heard by Congress as it signed its terms of surrender. In the final hours before October 17—the alleged day … More

    Senate Deal Fixes Nothing

    The Senate announced a deal today to protect the status quo in Washington. As pundits debate the political winners or losers of this deal, one thing is awfully clear: The American people are once again on the losing end. The Wall Street Journal reports: Senate leaders on Wednesday struck an … More

    Two Things Washington Cannot Ignore

    Members of Congress are still at an impasse—they cannot agree on the debt limit, spending cuts, Obamacare, or funding the government. The House has passed a variety of bills that would have reopened portions of the federal government, but the Senate has rejected them all. As they volley proposals back … More

    61% of Americans Want Spending Cuts Before Debt Limit Is Raised

    A clear majority of Americans believes that imposing a firm limit on borrowing with spending cuts is the only chance for Congress to kick its gluttonous spending habit. A recent poll released by Bloomberg shows that the majority of Americans oppose President Obama’s demand that Congress raise the debt ceiling … More

    Debt Ceiling Raised Seven Times Under Obama, Costing $43,000 Per Household

    Did you know that since President Obama came into office, the debt limit has been raised seven times? With those increases, Congress has added $43,000 in debt for every American household in just the last four years. And now the debt limit deadline is looming again. Treasury will run out … More

    Plan to Suspend Debt Limit Means Debt Would Rise to $17.8 Trillion

    Treasury Secretary Jack Lew announced a new debt ceiling deadline today, urging congressional lawmakers and the President to come to an agreement concerning the nation’s borrowing authority by October 17. Republicans are proposing a $1.1 trillion increase in the debt limit by suspending the cap through December 2014. The big … More

    Democrats Threaten Government Shutdown If They Don’t Get More Spending

    While much of the debate over government funding has centered around funding for the President’s unworkable health care law, Democrats’ appetite for more unnecessary federal spending has gotten much less attention. Democrats in the House are demanding more discretionary spending and have openly stated that they would prefer a government … More

    America’s First-Rate Power Status on the Chopping Block

    Last Thursday, Chief of Naval Operations Admiral Jonathan Greenert warned that some of the crown jewels of the Navy could be on the chopping block next fiscal year if Congress fails to come to an agreement on how to reprogram sequestration cuts. Without the ability to protect national defense from … More

    While Debt Crisis Looms, Washington Still Focused on Undoing Sequestration

    Lawmakers are on track to bargain away the one spending cut they got. The Washington Post reports that President Obama and a group of Republican Senators stalled on a budget deal on Thursday that revolved in part around the question of how to best renege on sequestration. Republicans want to … More