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… Read More
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… Read More
The no-debt-limit extension bill that was introduced after 9 p.m. on Monday night manages to increase not just the debt, but spending as well. This… Read More
The U.S. national debt has reached nearly $17.3 trillion. When the Treasury’s blank-check borrowing authority expired at midnight last night, the U.S. officially hit its… Read More
The Senate is trying to use an accounting trick to claim deficit-reduction from a bill to extend federal long-term unemployment benefits. Far from that, the… Read More
The nation’s fiscal situation is much worse today than when President Obama first took office. Public debt borrowed in credit markets stands at 73.6 percent… Read More
In his State of the Union address, President Obama announced a new type of retirement savings account he wanted the Treasury to create. He signed… Read More
Lawmakers in charge of funding the government with taxpayer dollars are getting closer every day to finishing their work on the trillion-dollar-plus fiscal year 2014… Read More
It has been 30 years since Congress last touched Social Security. Reform is urgently needed to protect the nation’s elderly and disabled from poverty and… Read More
The latest budget deal, passed by a bipartisan majority in both the House and the Senate, suggests that Washington agrees with House Minority Leader Nancy… Read More
In terms of cutting government spending, the Budget Control Act’s spending caps and sequestration have been an unparalleled success story in recent years. And yet,… Read More