Romina Boccia focuses on federal spending and the national debt as director of the Grover M. Hermann Center for the Federal Budget at The Heritage Foundation. Read her research.
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Congress is in the process of abdicating its power to control the borrowing of the U.S. government, at a time when the national debt exceeds… Read More
The no-debt-limit extension bill that was introduced after 9 p.m. on Monday night manages to increase not just the debt, but spending as well. This… Read More
The U.S. national debt has reached nearly $17.3 trillion. When the Treasury’s blank-check borrowing authority expired at midnight last night, the U.S. officially hit its… Read More
The Senate is trying to use an accounting trick to claim deficit-reduction from a bill to extend federal long-term unemployment benefits. Far from that, the… Read More
The nation’s fiscal situation is much worse today than when President Obama first took office. Public debt borrowed in credit markets stands at 73.6 percent… Read More
In his State of the Union address, President Obama announced a new type of retirement savings account he wanted the Treasury to create. He signed… Read More
Lawmakers in charge of funding the government with taxpayer dollars are getting closer every day to finishing their work on the trillion-dollar-plus fiscal year 2014… Read More
It has been 30 years since Congress last touched Social Security. Reform is urgently needed to protect the nation’s elderly and disabled from poverty and… Read More
The latest budget deal, passed by a bipartisan majority in both the House and the Senate, suggests that Washington agrees with House Minority Leader Nancy… Read More
In terms of cutting government spending, the Budget Control Act’s spending caps and sequestration have been an unparalleled success story in recent years. And yet,… Read More
Representative Paul Ryan (R–WI) and Senator Patty Murray (D–WA) forged a budget deal without even trying to address the key drivers of spending and debt… Read More
Many had high hopes that the first budget conference in four years would make a substantial down payment toward fixing the U.S. spending and debt… Read More
American shoppers aren’t the only ones getting ready to spend big this holiday season. In Washington, members of the budget conference committee are considering several… Read More
Some lawmakers, led by Senate Budget Committee chair Patty Murray (D–WA), are seeking to raise taxes in the budget conference to replace the modest spending… Read More
In the next 31 days—starting today—the budget conference committee will try to accomplish something Congress has failed to do for the past four years… Agree… Read More
What would happen if lawmakers took this year’s budget, subtracted $1, and made that the budget for next year? Let Freedom Ring made this video… Read More
The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013…. Read More
Time for some simple math: Which poll will more accurately determine the effect of a change on a whole group—one that surveys three of 10… Read More
Nearly two-thirds of Americans polled by Bloomberg answered that “it is right to require spending cuts when the debt ceiling is raised…because Congress lacks discipline… Read More
The Senate announced a deal today to protect the status quo in Washington. As pundits debate the political winners or losers of this deal, one… Read More
According to news reports, Congress is waving the white flag in what appears as a proposal of nearly complete surrender. First, lawmakers would give up… Read More
A voice of reason emerged today among the doomsday predictions over a U.S. government default if the debt limit is not raised by mid-October. The… Read More
Economy News
President Obama is needlessly scaring seniors by suggesting that their Social Security benefit checks may not arrive on time if the U.S. runs out of… Read More
During remarks given after the passage of the Senate continuing resolution today, President Obama stressed once again his unwillingness to work with Republicans to find… Read More
Treasury Secretary Jack Lew announced a new debt ceiling deadline today, urging congressional lawmakers and the President to come to an agreement concerning the nation’s… Read More
While much of the debate over government funding has centered around funding for the President’s unworkable health care law, Democrats’ appetite for more unnecessary federal… Read More
Economy News
The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt… Read More
Lawmakers are on track to bargain away the one spending cut they got. The Washington Post reports that President Obama and a group of Republican… Read More
When President Franklin D. Roosevelt signed Social Security into law on August 14, 1935, he referred to it as “a law which will give some… Read More
Two years ago today, Standard & Poor’s downgraded the U.S. credit rating—and it hasn’t recovered since. Then, the downgrade came because the President and Congress… Read More
