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    U.S. Hits Debt Ceiling, but Default Is Completely Avoidable

    Now that the U.S. hit its $14.3 trillion debt ceiling on May 16 and the doomsday predictions of the financial apocalypse that was going to tank the economy failed to materialize, the question remains: How should Congress respond? Congress has until August 2 to respond. It could raise the debt … More

    EPA Doles-Out Taxpayer Dollars to Environmentalist Activist Groups

    In November 2009, a dozen protesters triggered a traffic jam in an intersection of Chicago’s financial sector by laying down in a circle in the middle of the road, locking their arms together inside pieces of pipe. They were protesting the city’s climate exchange, part of a scheme to regulate CO2 … More

    Paul Ryan’s Budget is Good for America

    When considering Representative Paul Ryan’s (R–WI) budget plan, it goes without saying that if one disagrees with Ryan’s vision, then of course he or she won’t like his plan, regardless of whether it fixes our budget problems. It is important, then, to consider his vision: Is smaller government a worthy … More

    “Top Gun” Turns 25, but the Military Technology Is Even Older

    Remember the movie “Top Gun”? The film is 25 years old, but the military technology that played a starring role in the plot is even older. In today’s Washington Examiner, James Carafano reflects on the state of that arsenal today and why “getting America’s Maverick back” is so important: At the … More

    Morning Bell: Myth-Busting the Debt Limit

    The United States today hit an all-time high debt, passing $14 trillion, according to Associated Press reports. And with $45,300 of debt for every man, woman and child in the United States, it’s clear as day that spending is the problem. Yet Washington has yet to come to an agreement … More

    Outside the Beltway: The $3 Million Lifeguards of Newport Beach

    Full-time lifeguards in Newport Beach, Calif., make over $100,000 a year, with the highest paid earners topping over $200,000. And if you think that’s bad, wait till you hear this: Those same lifeguards can retire at age 50 in good health and receive a well stocked lifetime government pension and … More

    Morning Bell: Saving the American Dream

    Fellow Americans: Today, I am excited to announce the release of The Heritage Foundation’s comprehensive agenda that sets a new course for the size and scope of the federal government. The new report, “Saving the American Dream: Heritage’s Plan to Fix the Debt, Cut Spending, and Restore Prosperity,” lays out … More

    Balanced Budget Amendment Is the Price for a Debt Limit Increase

    A battle is raging within the conservative movement on Capitol Hill whether to shoot at the flag stick or lay up (in golf terms). The battle is between the Balanced Budget Amendment (BBA) versus a statutory spending cap bill. Both factions have good points. The bold, shoot-at-the-flag-stick faction of the … More

    Pentagon Not Only Place “Hollowing” Out

    In the 1970s, rather than rebuilding the military after the Vietnam War, President Jimmy Carter let it go hollow—the military looked okay on paper, but readiness dropped to appalling levels. President Bill Clinton adopted a similar strategy after the Cold War. They both did it for the same reasons: Wanting … More

    Online Chat on our Fiscal Future

    Join our “Lunch with Heritage” chat from 12-1 ET. We are taking questions about the growth of entitlement programs and how they affect our  fiscal future. We will be joined by Research Associate Kate Nix, one of the co-authors of the 2011 Budget Chart Book which graphically illustrates the unsustainable … More