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    The U.S. Government Debt Default Bogie Man Scares No One

    Ever since the debate over the debt limit began in earnest at the start of the year, the Obama Administration, led by Treasury Secretary Tim Geithner, has implied that the U.S. might default on its publicly held debt. In his press conference today, the President said that “it is not … More

    Morning Bell: America, the Europe of the West?

    Last night, President Barack Obama and U.S. congressional leaders failed to reach agreement on a deal to raise the nation’s debt limit. Meanwhile, it has been more than 800 days since the U.S. Senate passed a budget, liberals in Washington are pushing for higher taxes, unemployment is soaring, the deficit … More

    Debt Ceiling Debate: Making Bad Health Policy Worse Doesn’t Justify Budget Savings

    Red Alert! Conservatives in Congress and elsewhere should be warned: The Administration’s latest signal for “compromise” may end up as little more than an expansion of existing bad policy, rather than a serious effort to enact substantive reforms. And only substantive reforms can change the perverse incentives that plague giant … More

    Soaking the Rich to Raise the Debt Ceiling Won’t Solve Spending Problem

    In the debate about raising the debt ceiling, the reality is often lost that the top 10 percent of income earners—those making more than $113,799 in 2008 (the latest year available from the IRS)—already pay 69.9 percent of the income taxes. The same top 10 percent, however, earn only 45.8 … More

    What Obama Doesn’t Know about Defense Spending

    In yesterday’s “Twitter Town Hall,” President Barack Obama demonstrated yet again his failure to understand the size of the defense budget—as well as his desire to slash it in order to fund domestic spending. Here’s how the President described it: [T]he nice thing about the defense budget is it’s so … More

    Morning Bell: In Debt Limit Debate, Higher Taxes Aren’t the Answer

    Republican congressional leaders will meet in the White House today with their Democratic counterparts and President Obama in an effort to reach an agreement on the debt ceiling. Reports are sketchy as to whether they will succumb to arm-twisting by the White House, amplified in the media, to cut a … More

    The Left’s Desperate, Devious and Dangerous 14th Amendment Ploy

    Seeking to make virtue out of vice, the political Left has launched a desperate, devious and dangerous ploy to prevent the spending cuts that the public demands. They are laying the groundwork for President Obama to bypass negotiations and to ignore the $14.3-trillion statutory ceiling on federal debt.  They want … More

    Battle of the Charts: Spending Is the Problem, No Doubt About It

    While Americans across the country were celebrating independence on Monday, Talking Points Memo (TPM) was churning out its “Chart of the Day” to support the false claim that the nation doesn’t have a serious spending problem. According to TPM, conservatives in Congress are focused on cutting discretionary spending as part … More

    Heritage Radio: Fast and Furious, Rep. Price on Debt Ceiling, More

    In this month’s Libertad Radio Show on WBER in Fairfax, Virginia, our Heritage team had a chance to sit down with experts and political leaders to discuss issues ranging from Mexico and Afghanistan, to the economy and jobs. The first half of the hour-long show is in Spanish, the second … More

    VIDEO: Public Opinion on Debt Ceiling and Government Spending

    Bankrupting America is out with a new video today running though recent polling data on the debt ceiling and government spending. As lawmakers in Congress continue to debate the issue — the Senate will skip its Independence Day recess for the first time since 1974 — it’s worth reflecting on … More