Why I Opposed the Debt Limit Increase

By Tom McClintock, on August 1, 2011 S. 365 – “Budget Control Act of 2011:” NO.   This act increases the debt limit by between $2.1 and $2.4 trillion, the biggest explosion of debt in American history.  It allows the government to avoid spending reductions for the next two years while squandering our last best hope […]

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The Truth About The Debt Deal

The so called “historic, bipartisan compromise” reached to raise the debt limit does not end the struggle to reign in the federal deficit — in fact, all it does is pushes the most difficult decisions off into the future. More surprising, the debt deal actually cuts almost nothing now–it just promises future cuts that may […]

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Cost Shifting on the Increase under Obamacare

  In a recent article in Health Affairs, health economist James Robinson reveals that in areas where hospitals consolidate and enjoy a larger market share, providers are more likely to charge higher prices, as low competition gives them a monopoly in delivering patient care in the region. The lack of competition allows hospitals and other […]

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Chart of the Week: Federal Spending Per Household Is Skyrocketing

With the United States engaged in a debate over debt, the common consensus among Americans is that spending needs to be reduced. A recent poll commissioned by Generation Opportunity and the polling company, inc./WomanTrend found this was especially true among young Americans who are self-identified independents. They believe less federal spending and less government interference […]

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Members of Congress Earn Big Salaries and Fringe Benefits

Congress’ job approval ratings have sunk to around 20 percent, while their disapproval is up to an average of 73.4 percent. Yet for all of America’s dissatisfaction—and Congress’ failure to combat the nation’s fiscal crisis—Members of Congress are earning salaries and fringe benefits that far exceed those of the average American, according to a new […]

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Scribecast: Sen. Mike Lee on the Need for a Balanced Budget Amendment

Sen. Mike Lee (R-UT) is a man on a mission. The freshman senator came to Washington after defeating an incumbent Republican, angering some in the GOP establishment but exciting Tea Party activists for his desire to end Washington’s reckless spending. He hasn’t disappointed. Lee wasted little time crusading for a Balanced Budget Amendment, bringing together […]

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