At the Presidential Debate, Biden Says He 'Beat Medicare'
Biden's incoherence and Trump's comparatively cogent lies demonstrate just how poorly the two-party system serves supporters of small government.
Biden's incoherence and Trump's comparatively cogent lies demonstrate just how poorly the two-party system serves supporters of small government.
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
Plus: A listener asks if there are any libertarian solutions to rising obesity rates.
The Congressional Budget Office reports the 2024 budget deficit will near $2 trillion.
We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
The average American will lose between $5,000 and $14,000 annually by 2054 due to the burden of the growing national debt.
Why aren't politicians on both sides more worried than they seem to be?
Lawmakers should be freed from "the dead hand of some guy from 1974," says former Congressional Budget Office director.
Will the real president of the United States during the years 2020 through 2022 please stand up?
If businesses don't serve customers well, they go out of business. Government, on the other hand, is a monopoly.
There are many pervasive myths about the U.S. tax code. Here are a few.
Increased spending does not automatically equate to higher quality—something that is often lost in this debate.
The situation is more dire when you consider how much federal spending is financed by debt.
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
The new plan is much less ambitious than the president's 2022 blanket forgiveness effort, mostly relying on an expansion of previous smaller-scale debt cancelation schemes.
Governments around the world have been on a borrowing spree, and prosperity has suffered.
Free trade brings us more stuff at lower prices.
The question of how best to measure inflation has no single and straightforward answer, but most people know that the president's economic claims aren't true.
Plus: A listener asks about the absurdity of Social Security entitlements.
An obvious, tepid reform was greeted with shrill partisan screeching.
The growing debt will "slow economic growth, drive up interest payments," and "heighten the risk of a fiscal crisis," the CBO warns.
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
If you can't even get close to balancing the budget when unemployment is low, tax revenues are near record highs, and the economy is booming, when can you do it?
The government needs to cut back on spending—and on the promises to special interests that fuel the spending.
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
"I'm concerned about a Trump-Biden rematch," argues Riedl. "You have two presidents with two of the worst fiscal records of the past 100 years."
Misled by a bad law, graduate students are drowning in debt.
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
New Congressional Budget Office data shows how higher-than-expected immigration is a win for the economy and the federal budget.
Three things to know about the new Congressional Budget Office report on the growing federal deficit.
Misled by a bad law, graduate students are drowning in debt.
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
And why the Congressional Budget Office does a poor job of making those estimates.
The reality raises questions about the kind of future we want to leave for the next generation.
Through changes to income-driven repayment plans, the Department of Education is set to enact debt relief for thousands of borrowers.
They will either reduce the ability to spend money or to cut taxes.
Rosy fiscal expectations based on eternally low interest rates have proven dangerously wrong.
Plus: A listener asks the editors if there are any bad laws that might discourage people from having kids.
Rosy fiscal expectations based on eternally low interest rates have proven dangerously wrong.
The federal government is borrowing money at a mind-spinning rate, and you can't blame it on the COVID-19 pandemic anymore.
William D. Eggers discusses what he's learned about making the government less intrusive.
California is facing a projected deficit of $68 billion, a larger amount than the entire annual budget of the state of Florida.