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    Budget Outlook Getting Worse, CBO Report Shows

    The figures released today by the Congressional Budget Office (CBO) once again reflect the magnitude of the federal government’s fiscal problem and the urgent need for Congress and the President to address it. Some key points: The 2012 deficit, projected at $1.079 trillion, represents the fourth consecutive year of deficits … More

    Stop the Madness: National Debt Threatens our Prosperity

    I propose this simple New Year’s resolution for Congress, pass a budget before borrowing any more money. Today marks the 1,000th day without a budget from Senate Democrats. The last time they passed a budget, you had never heard of the iPad. Tiger Woods was only known for his golfing … More

    Morning Bell: State of Dysfunction

    Tonight, Americans who tune in to the State of the Union will watch the work of a rhetorical master with a flair for illusion. President Barack Obama will take to the floor of the Capitol in hopes of laying the groundwork for a political debate on his terms–one where he … More

    1,000 Days Without a Budget: Facts on the Senate's Failure

    Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By enacting continuing resolution upon continuing resolution (short-term measures to keep the government running, spending money at the current rate), the Senate has taken a pass … More

    In Europe, Reducing Spending Necessary, but Not Sufficient, to Restore Economic Freedom

    If the 2012 edition of Heritage’s Index of Economic Freedom has bad news for the United States, the news for Europe is not much better. The 43 nations of the European region did manage to lose less economic freedom than did the United States, but a decline is still a … More

    VIDEO: The Reality of America's National Debt

    America’s total debt now tops $15.2 trillion—the size of the entire economy. While this is a real concern, the greater problem is the growth of spending and debt in the future. Spending on entitlements is the real driver of future debt. In this clip from the documentary film “I Want … More

    Chart of the Week: Defense Spending Throughout U.S. History

    President Obama visited the Pentagon on Thursday to outline his plan for gutting our nation’s military. Obama’s vision makes America more vulnerable to foreign threats and leaves our armed forces less able to provide for the common defense. As we’ve previously illustrated, Obama has proposed significant reductions to the Pentagon’s … More

    Voters in Iowa, New Hampshire Say Federal Budget Deficit Is No. 1 Issue

    New polling data reveals that voters in Iowa and New Hampshire overwhelmingly believe the federal budget deficit is the most important economic issue facing the United States today. Despite the nation’s persistent high unemployment rate, voters in the two early-voting states chose the deficit by wide margins. The CNN/Time/ORC poll … More

    How Would Americans Help Economy? Less Government.

    Throughout his presidency — and especially over the last year — Barack Obama has turned toward a bigger federal government as the answer for fixing the U.S. economy. According to a new poll, though, that’s the last thing Americans want. Rather, they want to see the government cut deficits, spending, … More

    No Surprise this Christmas: Washington's Wasteful Spending Continues

    Oregon cheese, IHOP pancakes, and a Hawaiian chocolate festival. Your mouth may be watering right now, but watch out—there’s a bitter aftertaste. These foodstuffs are just three of 100 items in Senator Tom Coburn’s (R–OK) Wastebook 2011, a report detailing Washington’s egregious use of $6.9 billion in taxpayer dollars this … More