If you knew a dangerous virus was about to hit America and that you could beg the government for a vaccine, you’d probably do it, wouldn’t you? That’s just what states and businesses alike are doing right now in preparation for Obamacare. But rather than seeking a vaccine, they’re asking for waivers from the law’s…
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 on a way forward, either…
It’s easy to take shots at oil companies, especially when gas prices are rising over $4 per gallon. Playing the role of David against an enormous corporate Goliath is a great way to score political points, so it’s no wonder that President Barack Obama and liberals in Congress have issued a clarion call for the…
The United States will soon have the highest corporate tax rate in the world once Japan enacts its pledge to cut its rate. This dishonorable distinction is driving both Washington lawmakers and the business community to finally call for long-overdue reform. Politico reports that Treasury Secretary Timothy Geithner will release the Obama Administration’s plan for…
Four men and one woman lay dead—among them, Osama bin Laden. The operation, which was planned for months, came after years of searching and intelligence gathering. In the end, it was America’s use of “hard power“ and the strategic interrogations of detainees that brought about an end to the terrorist mastermind. But make no mistake, the long war…
In May, Congress will begin debate on our nation’s debt limit. The debt limit is an alarm bell built into our nation’s laws, which forces members of Congress to confront out-of-control spending when our debt reaches a certain level. Five times in the last four years, we have ignored this alarm bell. This time must…
As Heritage expert J.D. Foster, Ph.D. noted in his January 2011 paper “Congress Has Time and Options on Debt Limit“, Congress had time to discuss how it wants to proceed on the debt limit. Secretary of the Treasury Timothy Geithner’s letter of April 4, 2011 estimates that the Federal Government will not reach the statutory debt…
Our federal government is currently $14.1 trillion in debt. The vast majority of the American people believe this number is far too high and on track to go far higher. Fortunately, Congress created a mechanism to force itself to reexamine its spending habits when budget deficits got out of control: the debt ceiling. Once total…
As the Treasury Department reminded us on Wednesday, the federal government will likely reach the debt limit sometime between April 5 and May 31. Hitting the debt ceiling provides a rare moment when Congress and the President are forced to take a stand on a most fundamental and difficult issue: whether the federal government will…
The House of Representatives will soon vote on full repeal of Obamacare. In an attempt to defend the health care overhaul, Treasury Secretary Timothy Geithner writes this morning that, in light of continued unacceptably high unemployment, “Given where we are, we must do things that help bolster the recovery, and repealing the Affordable Care Act…