CBO Baseline Shows Staggering Debt
The Congressional Budget Office (CBO) today released a ten-year budget baseline showing $6 trillion in deficits over the next decade. Yet because Congress requires the… Read More
The Congressional Budget Office (CBO) today released a ten-year budget baseline showing $6 trillion in deficits over the next decade. Yet because Congress requires the… Read More
Tonight in his State of the Union address, President Barack Obama is expected to propose a “freeze” on government spending. Obama’s spending “freeze” will only… Read More
Senate Cloakroom: Analysis: The Senate returns this week after a three-week absence. In the wake of passing an unpopular health care bill, the Senators must… Read More
This month, Congress will face every shopaholic’s worst nightmare: a maxed out credit card. After a year of seemingly endless government spending, the Senate must… Read More
Last spring, President Obama proposed $11.3 billion worth of discretionary spending cuts. Today’s Washington Times notes that Congress accepted $6.9 billion worth of these cuts,… Read More
As Congress returns to Washington, the crucial decisions that await lawmakers will have enormous financial ramifications for the country for years to come. House and… Read More
Japan’s newly minted finance minister, Naoto Kan, seems an excellent choice to lead Japan on an expedited road to fiscal perdition. For those who argue… Read More
Myth: China is America’s banker. Truth: China has bound itself to American economic leadership. The federal government runs a gigantic budget deficit, which will hurt… Read More
Spending. As Heritage Foundation Senior Policy Analyst Brian Riedl explains, runaway federal spending is where our historic levels of debt are coming from. Watch: And… Read More
Interest. Or to be more precise, interest payments. That, Heritage Senior Fellow J.D. Foster explains, is the biggest reason why Americans should be very concerned… Read More
