Republicans Hammer Biden on Inflation. But Do They Have a Better Plan?
Opening night of the Republican National Convention programmed a central issue with a Trumpian twist: "Make America Wealthy Again."
Opening night of the Republican National Convention programmed a central issue with a Trumpian twist: "Make America Wealthy Again."
Both parties—and the voters—are to blame for the national debt fiasco.
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
The national debt has become an alarm bell ringing in the distance that people are pretending not to hear, especially in the city that caused the problem.
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.
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?
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.
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.
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.
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.
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
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.
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.
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.
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
Congressman Thomas Massie discusses his "no" votes on foreign aid, COVID-19 relief, and labeling anti-Zionism antisemitism on episode two of Just Asking Questions.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
A fiscal commission might be a good idea, but it's also the ultimate expression of Congress' irresponsibility.
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Republican Presidential Nomination
Plus: Hospital raid, Eric Adams' fondness for Erdogan, open carry at the makeup counter, and more...
Moody's calculates that interest payments on the national debt will consume over a quarter of federal tax revenue by 2033, up from just 9 percent last year.
Do you care about free minds and free markets? Sign up to get the biggest stories from Reason in your inbox every afternoon.
This modal will close in 10