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    Paul Ryan’s Budget Won’t Pass. This Is Why It Still Matters

    Even symbolic gestures can sometimes be important. Consider “The Path to Prosperity,” drafted by Rep. Paul Ryan’s (R–Wis.) budget committee and passed by the House last week. It has no chance of becoming law, but—if it did—it would put the country on a path toward a balanced budget within a … More

    Why the Government Shouldn't be an ATM

    Our federal government is very good at moving money from place to place. In fact, some 70 percent of federal government spending consists of simply shipping money from one place to another — after taking a cut off the top. “In effect the government has become primarily a massive money-transfer … More

    Who Creates Jobs—and Why?

    If you want to protect spending in Washington, call it “job creation.” That’s the flip side of yesterday’s quip by Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities, skewering the tendency of politicians to dress their favorite lobbies or spending policies as job generators. He’s right: … More

    The Gamble Washington Is Taking on National Security

    President Obama is shrinking America’s armed forces, and his admirers say: “Why not?” The U.S. always draws down its military forces at the end of wars. Just look at what happened after World War II, Vietnam and the end of the Cold War. Mr. Obama, they say, is merely adjusting … More

    New Book Exposes Entitlement Dangers

    A new book by Jagadeesh Gokhale sheds light on the magnitude of unfunded federal entitlement obligations. Gokhale compiles extensive evidence that America’s current spending path is unsustainable and that the short-term budget impact does not describe the full cost of entitlement programs: [B]udget agencies are refusing to report implicit debts … More

    Obama's Austerity Myth

    The Obama administration put out the word this weekend that the president’s new budget will end several years of “austerity” in Washington. Come again? Austerity? Since 2009, federal borrowing has skyrocketed by $6 trillion. This year’s budget deficit is expected to fall to somewhere near $500 billion, which sadly is … More

    If Only a Snow Shovel Could Dig Us Out of This

    Thanks to Congress, the U.S. now doesn’t have a debt limit for the next year. Let two Heritage experts put this into perspective. “President Obama, after less than five years in office, has already increased the debt limit by more than any other president in U.S. history, including President George … More

    Bring Back the Debt Ceiling

    Congress is in the process of abdicating its power to control the borrowing of the U.S. government, at a time when the national debt exceeds $17 trillion and continues growing unabated. It waived this power twice last year, “suspending” the debt limit and thereby granting the U.S. Treasury temporary blank-check … More

    Congress Is Giving Obama a Blank Check

    Remember all those debt limit fights? Well, apparently Congress got tired of fighting. So now they’re working toward doing away with the debt limit altogether. In recent years, conservatives fought to get at least some spending cuts, to begin putting the budget on a path to balance—after all, raising the … More

    Stuck in Congressional "Groundhog Day"

    In the movie “Groundhog Day,” Bill Murray wakes up again and again to find that he is stuck in the same day. This happens multiple times a year now with Congress on the debt limit, which we just hit again on Saturday. >>> Check Out: The Debt Ceiling Returns as … More