Mitch McConnell wanted you to know he was livid on Thursday. The Senate was about to Greece the wheels for adding yet another trillion and change to President Obama’s yet-again tapped-out credit card. “More spending, more debt,” brayed the minority leader.

For years, Democrats (and Republicans) have surreptitiously created dependency by manipulating the tax code.

From The Washington Times: U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal. The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 [...]

From CNS News: The Congressional Budget Office (CBO) says that President Barack Obama’s 2012 budget will cause large and persistent yearly deficits that will push the public debt to $20.8 trillion by 2021. “Federal debt held by the public would double under the President’s budget, growing from $10.4 trillion (69 percent of GDP) at the [...]

From The Heritage Foundation: Coloring President Barack Obama’s budget proposal for fiscal year (FY) 2012 are the undeniable shades of masked fiscal disaster and a want of long-term solutions. According to analysis (pdf) by the Congressional Budget Office (CBO), the President’s budget would result in $1.43 trillion and $1.16 trillion deficits for FYs 2011 and 2012, [...]

From The Heritage Foundation: Last week, the Congressional Budget Office released its report on H.R. 2, the House-passed legislation that would fully repeal Obamacare. The takeaway message was that American taxpayers simply cannot afford Obamacare. CBO’s initial scoring of Obamacare analyzed its effects from 2010 to 2019, including only six years of full implementation, since main [...]

From CNS News: The federal government has borrowed an additional $29,660 per household in the United States since President Barack Obama signed his economic stimulus law two years ago. That brings the total national debt to $125,475.18 per household. At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national [...]

From CNS News: Treasury Secretary Timothy Geithner said the budget proposed by President Barack Obama could leave America with “unsustainable obligations over time.” That’s in contrast to Obama and White House officials who have argued the plan balances the budget without adding to the national debt. The top White House spokesman even called it an [...]

From CNS News: The Department of Health and Human Services will become the nation’s first-ever $1-trillion-per-year Cabinet department in 2014, which is also the first year President Barack Obama’s health-care law is scheduled to be fully implemented by that department, according to the budget projections President Obama released yesterday. In fact, HHS already is costing American taxpayers more per [...]

From World Net Daily: While House Republicans are working hard on legislation to deprive Barack Obama of the money he needs to implement his massive health-care program, there is a way they can accomplish the same ends without a single Democrat vote and no approval by the Senate or White House, says the organizer of [...]

From RedState.com: Considering that there is a projected deficit of 1.5 trillion dollars, you might think that the White House might start taking the idea of spending cuts seriously.  You would be wrong: the Budget Office has released the President’s proposed 2012 budget, and they involve a paltry 775 million in spending cuts.  That would be .05% of [...]

From CNS News: The federal debt increased by $105.8 billion ($105,835,837,302.32) in January, according to the the U.S. Treasury Department, jumping from $14.0252 trillion ($14,025,215,218,708.52) at the close of business on December 31 to $14.1311 trillion ($14,131,051,056,010.84) at the close of business on January 31. That means that in the first four months of fiscal 2011–which [...]

From The Heritage Foundation: Last night in the State of the Union address, President Obama stated that “the only way to tackle our deficit is to cut excessive spending wherever we find it—in domestic spending, defense spending, health care spending, and spending through tax breaks and loopholes. This means further reducing health care costs, including [...]

From The Heritage Foundation: While it’s being reported that every state (except Florida) had snow on the ground this week, 46 states are digging out of another kind of mess — a combined deficit of at least $127 billion. Democratic and Republican state leaders alike are grappling with structural budget deficits, many of whom are proposing budget [...]

From CNSNews.com: The Obama administration is warning of catastrophic consequences if Congress does not increase the debt ceiling, the legal limit on how much the federal government can borrow, but Obama held a different view on the issue as a senator in 2006. The White House is now stressing the need to increase the debt [...]

From National Review: While President Obama’s economic advisor Austin Goolsbee argued Sunday that a refusal by the Senate to increase the government’s debt ceiling (currently $14.3 trillion) would be “catastrophic” and a sign of “insanity,” that’s not the position the president has held in the past. Here are Obama’s thoughts on the debt limit in 2006, when [...]

From The Heritage Foundation: As 2010 draws to a close, The Foundry will be posting a series of Top Ten lists highlighting some of The Heritage Foundation’s most influential work. The Top Ten Heritage Charts are below, sorted by pageviews with the 10th most popular chart on top, and the most popular chart at the bottom. [...]

From CNSNews.com: Senate Democrats today introduced a 1,924-page omnibus spending bill for fiscal year 2011, forgoing a planned continuing resolution to fund the federal government until the next Congress could take up the issue after Jan. 3. The massive bill, the FY2011 Omnibus Appropriations Act, includes funding for the new health care law backed by the [...]

From CNSNews.com: The federal budget deficit rose to $150.4 billion last month, the largest November imbalance on record. And the government’s deficits are set to climb higher if Congress passes a tax-cut plan estimated to cost $855 billion over two years. The Treasury Department says the November budget deficit was 25 percent higher than the [...]

From Townhall.com: The Congressional Budget Office just reported that in the past two years since President Barack Obama took office, federal spending is up 21.4 percent. The national deficit was $1.29 trillion in 2010 (second to the $1.4 trillion in Obama’s first year in office, 2009), which means that for every $1 the federal government [...]