GAO: Current Federal Fiscal Situation Is 'Unsustainable'
America will face "serious economic, security, and social challenges" if the national debt keeps growing at this rate.
America will face "serious economic, security, and social challenges" if the national debt keeps growing at this rate.
The feds are $234 billion in the red. Looking for hope? Sen. Mike Enzi has some ideas.
A new record, but one that won't stand for long.
From OMB head Mick Mulvaney to former Treasury Secretary Larry Summers, nobody cares about spending money we don't have on things we don't need. Big mistake.
Or the $22 trillion (and counting) national debt. Or the entitlement programs that will continue adding to them.
How would you like it if nearby strangers could instantly access your credit score on their phones?
Proponents of jacking top marginal income tax rates such as AOC ignore how hard it is to actually boost revenue over the long haul.
You can't have it both ways.
Growth alone won't get us out of this mess.
By 2020, interest on the debt will cost more than Medicaid. By 2025, it will cost more than defense spending. And that's just the start.
At this rate we'll get there before the end of the century.
Brian Riedl has a plan to stabilize the national debt at 95 percent of GDP. He says trying it might be political suicide, but the alternative is much worse.
"We consistently allow the government to develop…programs like this that sound really great on paper but have no practical benefit," Keith Bradford says.
Trump planned to borrow heavily to fund his still unreleased infrastructure plan, even while the Republicans in Congress were making the deficit worse.
Just days after the latest CBO projections showed the deficit getting worse, Congress signs off on another bi-partisan spending increase.
The economy might be humming but when are we going to have to, you know, pay for the party already?
New CBO analysis shows debt could exceed 200 percent (!!!) of GDP by mid-century without changes.
GOP legislators released their "Tax Reform 2.0" proposal, which aims to make last year's tax cuts permanent, adding trillions to the $21 trillion debt.
The granting or withholding of that approval is a powerful lever over our lives.
Of course, June's deficit represents just a small fraction of our overall national debt.
The island's population has fallen dramatically even as Spanish speakers from other nations are desperate for a new home.
Entitlement spending, health care costs, and the GOP tax legislation will drive up the debt.
Medicare will run dry even sooner. Do you trust anyone in Washington to solve this problem?
Thursday's vote is an empty gesture. Worse, it's a hypocritical one.
The president wants his border wall funding.
Four out of five voters agree that Washington has a spending problem, but a new omnibus spending bill will add yet more to the national debt.
The GOP leadership cheers on a bipartisan spending spree.
The feds can't pass a budget or do much very well, yet a record level of Americans want it more involved in our lives. That's not as crazy as it seems.
If a Republican president can't address a Republican-controlled Congress without paying lip service to the idea of cutting spending, what good are Republicans?
Republicans will regret this the next time a budget-busting Democratic proposal comes along.
Despite big promises, it fails in its primary mission: paying for the actual cost of government
After all that fuss from 2009 onward, Rand Paul is the last Republican left objecting to the continued growth of government.
Too much debt slows economic growth and reduces living standards.
Now that Trump's made a deal with Democrats, our national debt is higher than ever.
Join us as we explore the enormity of our fiscal black hole, which now surpasses $20 trillion.
There are 20 trillion reasons we should rein in government spending.
Nick Gillespie, Katherine Mangu-Ward, and Matt Welch talk Trump, Ryan, gender-neutral pronouns, DJ Khaled, and more.
Low interest rates ease the pain of carrying so much debt. But in the long run, somehow, the U.S. will end up paying for it.
Why Paul Ryan was clapping at policies he's long opposed, how POTUS could be a strong de-regulator, and why the media cares 100x more about presidential theatrics than the war in Yemen
The president takes a reckless stance on free trade, entitlements, and debt reduction.
Say goodbye to 2016. But don't let your guard down.
From Bernie to Hillary, from Trump to the chumps in Congress, we used the spectacle of politics to argue about the substance of policy.
Trade wars and debt increases loom on the horizon.
Says real national debt is north of $200 trillion and screwing younger Americans from now til Doomsday.