Extending Last Year's Tax Cuts Without Massive Spending Reductions Would Be a Fiscal Disaster
New CBO analysis shows debt could exceed 200 percent (!!!) of GDP by mid-century without changes.
Deficits
House Republicans Want Permanent Tax Cuts They Can't Pay For
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.
More and More of What We Do Depends on Government Permission
The granting or withholding of that approval is a powerful lever over our lives.
Larry Kudlow Is Bad. So Is Alexandria Ocasio-Cortez. Chartreuse Is Good: Podcast
The Reason Podcast crew covers deficits, tariffs, Russians, gender, and more.
Top White House Adviser Wrong About the Deficit, According to White House Report
Trump adviser Larry Kudlow says the tax law will bring the deficit down. An administration report shows that's not right.
Here's What You Could Buy With June's Federal Budget Deficit
Of course, June's deficit represents just a small fraction of our overall national debt.
The Debt Clock Keeps Spinning
Federal debt now equals 78 percent of gross domestic product.
Could Puerto Rico Be the Solution to Our Latest Immigration Fight?
The island's population has fallen dramatically even as Spanish speakers from other nations are desperate for a new home.
CBO: National Debt Projected to Surpass 150 Percent of GDP in Next 30 Years
Entitlement spending, health care costs, and the GOP tax legislation will drive up the debt.
Congressional Republicans Say They Just Cut $15 Billion in Spending. It's Actually Only $1.1 Billion.
President Donald Trump's rescission bill actually cuts just $57 million from current year spending. So that oughta solve the fiscal crisis.
Social Security Will Be Insolvent In 16 Years. Maybe Congress Should Do Something About That.
Medicare will run dry even sooner. Do you trust anyone in Washington to solve this problem?
Trump's Budget Only Reduces the Deficit If You Accept Some Very Unlikely Assumptions
The really scary thing is that even the CBO's more accurate assessment is also based on unlikely assumptions.
Rejecting Rand Paul's Budget, Republicans Commit to Fiscal Irresponsibility
Even the suggestion that defense spending could be cut is enough to scare most Republicans away from a facing fiscal reality.
Rand Paul's Plan to Balance the Budget by 2023 Will Get a Senate Vote This Week
Do Republicans have the guts to impose strict spending caps?
Americans Have a Dangerous Deficit in Trade Understanding
It doesn't matter if those to whom you sell goods or labor are not the same as those from whom you buy these things. The same goes for America.
Today's 'Balanced Budget Amendment' Is a Month Late and $1 Trillion Short
Thursday's vote is an empty gesture. Worse, it's a hypocritical one.
Are Trillion-Dollar Deficits the New Norm?
It's time to wise up and start curtailing America's mounting debt.
Republicans Have Finally Been Revealed as the Party of Fiscal Ruin
As Paul Ryan exits, a new CBO report confirms the extent of the GOP's damage to the nation's budget.
Your Friday Cliffhanger: Will Trump Sign or Veto the Omnibus? (UPDATE: Trump Signs)
The president wants his border wall funding.
The New Omnibus Is Terrible Because Congress Is Broken
The spending bill is a product of a broken, secretive, centralized legislative process.
Congress Is Still Ignoring Its Spending Problem as Deadline Looms for $1.3 Trillion Spending Bill
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.
Rand Paul, on Trump: 'I Think He Will Sign Audit the Fed if We Can Get it to Him'
Given the state of the modern GOP, that's a very big "if." But the senator is trying for a vote again this week.
The Federal Government's Finances Are a Total Wreck
And the biggest liabilities don't even appear on the official balance sheet.
Trump's New Budget Plan Proves He Won't Even Pretend to Care About the Debt
The era of big government is far from over.
Trump's New Budget Plan Is a Fiscal Disaster
The administration's spending blueprint continues the fiscal decline that began during the Bush era.
The Tea Party Is Officially Dead. It Was Killed by Partisan Politics.
I helped make the grassroots activist movement a reality. But now the party's over.
How GOP Fiscal Sanity Died, in 7 Easy Steps
Here are the moments when Republicans, including professed deficit hawks, snuffed out the 2009-2014 flicker of budgetary sanity
What Jimmy Carter and Jerry Brown Can Teach Us About Deregulation
As we prepare for a new "era of limits," Democrats may need to reclaim their party's forgotten history of rolling back government.
The Senate Budget Deal Proves Republicans Love Government Spending
The GOP leadership cheers on a bipartisan spending spree.
Senate Reaches Bipartisan Deal to Keep the Government Open By Spending More Money On Everything
Both parties agree on more spending and bigger deficits.
Wait: The Government Is Incompetent, So We Want it To Do *More*?
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.
The Financial Markets Are Spooked by Debt, So Why Aren't We?: Podcast
Reason editors debate The Memo, situational libertarianism, Super Bowl highlights, and the political road back to fiscal sanity.
Woman Still Getting Civil-War Survivor Benefits Shows How Federal Policies Mortgage the Future
Abraham Lincoln couldn't have dreamed that 21st-century Americans would still be paying for pensions created under him.
What About the Debt? Trump's SOTU Ignores a $20 Trillion Time Bomb
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?
Treasury's Tax Reform Analysis Confirms Republicans Don't Give a Damn About the Deficit
Republicans will regret this the next time a budget-busting Democratic proposal comes along.
Who's Ready for Some Trillion-Dollar Republican Deficits?
Fiscal hawks, from their perch in the wilderness, predict we may again see 13-digit deficits as soon as next year
Thomas Massie on Tax Reform: "It's highly likely that we pass whatever the Senate comes up with"
Libertarian Republican congressman admits that an already-worrisome debt will increase, and that the Senate may well disregard the House's framework, but "just because my colleagues don't believe that we have to cut spending doesn't mean I can't vote to cut taxes"
Tax Reform and the Deficit: 1.7 Quadrillion Pennies, and Growing by the Minute
Senate version shies away from mortgage-interest cap, which will likely make fiscal hawks even more anxious.
Senate Fiscal Hawks Could Strangle Tax Reform in its Crib
James Lankford's "I am a no" makes at least three GOP senators who worry that the debt/deficit math doesn't add up
The Trump Tax Plan Is Government as Usual
Despite big promises, it fails in its primary mission: paying for the actual cost of government
Republicans Officially Give Up Trying to Cut Spending
After all that fuss from 2009 onward, Rand Paul is the last Republican left objecting to the continued growth of government.
Republicans: We Have to Cut Taxes Because We're Too Cowardly to Cut Spending
Rand Paul squares off against John McCain yet again on military spending, in a fight that could derail both the budget and tax reform.
Budget Director Mick Mulvaney: 'We Need to Have New Deficits'
The former deficit hawk gets budget-busting religion now that he holds real power.
The GOP's New Tax Plan Proves Republicans Never Cared About the Federal Deficit
Republicans promised tax reform that wouldn't increase the debt. Their blueprint breaks that promise.
Why We Need To Shrink the National Debt, And Fast!
Too much debt slows economic growth and reduces living standards.
