News
National Journal | Wanted: 'Adult' Leaders to Fend Off Sequestration
The inability of lawmakers to head off the looming threat of automatic budget cuts is a crisis that already is harming agencies and cries out for “adult” leaders to put patriotism over party, a prestigious panel of ex-government officials said on Monday.
Econ Comments & Analysis
Daily Caller | Putting the national debt in perspective
In January 1984, when the Grace Commission issued its report, its estimate that the national debt would exceed $13,000,000,000,000 in 2000 unless action was taken to reduce wasteful spending was loudly and roundly dismissed as being outrageously pessimistic and extremely unlikely. The projection was not inaccurate; it was just premature.
Blogs
Heritage Foundation | Obama: Don’t Worry About $16 Trillion Debt
Excuse me? On September 4, the U.S. national debt hit the $16 trillion mark. We now owe more on the national debt than the entire U.S. economy produced in goods and services in all of 2012. Per U.S. taxpayer, that massive level of debt stands at over $111,000 and continues rising as you read this. The average American is earning about $51,000 in income in 2012.
