Hey! Here’s an idea: before we borrow more money, Congress should pass a budget. It sounds pretty uncontroversial and fairly simple to achieve, until you realize it has been nearly 1,000 days since the Senate even bothered to pass a budget. Fortunately, Washington’s inability to do the simplest of things hasn’t discouraged Congressman Doug Lamborn [...]
Debt Limit
Get up-to-the-minute information on the current debt limit debate. See what both sides are saying and weave through the spin to find out what’s really going on.
Surprise! Budget Control Act leads to Debt Hike
President Obama is asking for another $1.2 trillion debt hike – the final installment of the now-failed Budget Control Act (BCA). From the the so-called super committee to hidden spending, this summer’s debt deal was nothing short of a disaster. As part of the BCA, the President must inform Congress he is raising the debt [...]
President Obama asks for more debt
According to reports, Treasury officials say President Obama will ask for another $1.2 trillion in new borrowing authority this Friday. This would be the third and final increase provided for by the so-called Budget Control Act (BCA), and would lift the nation’s debt ceiling to $16.4 trillion. According to the BCA, Congress would have until [...]
What a Difference Half a Year Makes
Heritage Action’s CEO Michael Needham and COO Tim Chapman penned an article for National Review Online about the sudden turnaround from conservatives in Congress. While polling may show that Americans despised the budget and debt ceiling battles from earlier this year, saving the country is worth the negative press coverage from an Establishment media: “The [...]
Liberals Want Infinite Blank Check
A new report from The Hill says that three Congressional Democrats, Jerrold Nadler (D-NY), Jim Moran (D-VA) and Hank Johnson (D-GA) will introduce a bill today to abolish the debt ceiling. From The Hill: The debt ceiling is truly arbitrary and has nothing to do with the deficit,” Rep. Jerrold Nadler (D-N.Y.) said in a [...]
