After Moody's Warning, Federal Officials Continue To Ignore Fiscal Reality
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.
Deficits
The U.S. Needs a Fiscal Commission Because Congress Won't Do Its Job
In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time.
20 Years to Disaster
"The United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt."
Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
87% of Americans Want Politicians To Do Something Before Social Security Runs Out of Money
Entitlement reform has long been considered a third rail in American politics, but that perspective might be changing.
Biden Wants Another $56 Billion in 'Emergency' Spending
Congress is being asked to borrow more money to fund broadband access and other pet projects. Only about $9 billion would be spent on natural disaster recovery efforts.
New Speaker Mike Johnson's First Good Idea: A Debt Commission
A debt commission won't solve any of the federal government's fiscal problems, but it's the first step towards taking them seriously.
Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Americans Learned a Lesson About Interest Rates. Washington Has Not.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
No, Low Interest Rates Did Not Justify Adding Trillions of Dollars to the National Debt
Especially because the once-dismissed possibility of rising rates is now a reality.
Inflation Won't Go Away Until Congress Gets the Deficit Under Control
The Federal Reserve's higher interest rates were supposed to trigger changes to fiscal policy. So far, that hasn't happened.
The Real Scandal in Washington Is the Government's Reckless Spending
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
The Debt Crisis Is Getting Real
Rising bond yields mean the national debt is going to be a lot more expensive in the next few years, and we just keep adding to it.
Shut Up Already About John Fetterman's Slob Chic
The Senate is an incompetent laughingstock regardless of what its members wear.
Welfare Cuts Are Inevitable Because Congress Won't Touch Social Security
Until Congress is willing to acknowledge that it makes no sense to send monthly checks to wealthy seniors, everything else will be on the chopping block.
Are Government Shutdowns Good for Limited Government?
Plus: A listener asks whether younger generations are capable of passing reforms to entitlement spending.
It's Government Shutdown Theater, Again
Fiscal irresponsibility might eventually shut down the government, but at the moment it’s all for show.
'Bidenomics' Is Failing Everyday Americans
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
How the Federal Budget Deficit Doubled in a Single Year
It's not the first time that has happened, but there are key differences about what happened this year.
Congress Is Still Using 'Emergency Spending' on Non-Emergencies
Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
Spending Other People's Money
Plus: Separating child poverty facts from fiction, EU will ban payments for sperm and blood, and more...
Don't Let the Government-Shutdown Charade Distract You From the Debt Crisis
America’s biggest fiscal challenge lies in the unchecked growth of federal health care and old-age entitlement programs.
Is a Government Shutdown Better Than More Reckless Borrowing?
Short-term solutions and governing from crisis to crisis isn't working.
'Free Speech Absolutist' Elon Musk Threatens Anti-Defamation League With Defamation Lawsuit
Plus: The doubling of the deficit, young Americans souring on college, and more...
China Is No Economic Model for America
The country's current struggles show the problems of the Beijing way—and make the case for freedom.
Politicians Continue To Make a Mockery of 'Emergency Spending'
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.
Nikki Haley Burned Trump and Her Fellow Republicans for Blowing Up the Debt. She's Right.
"Donald Trump added $8 trillion to our debt," Haley said during the opening moments of Wednesday's first Republican primary debate.
The U.S. Government's Bad Credit Means Higher Costs for Us All
Federal officials ignore repeated warnings, and we all pay the price.
The U.S. Credit Rating Just Dropped. It's Time for Radical Budget Reform.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.
Ron DeSantis' Unconvincing Economic Reset
Though an improvement over his obsession with wokeness and culture wars, DeSantis can't seem to ditch the populist demagoguery.
Is the Budget Process Broken, or Is Congress Just Refusing To Do Its Job?
Since Congress designed and implemented the last budget process in 1974, only on four occasions have all of the appropriations bills for discretionary spending been passed on time.
U.S. Credit Rating Downgrade Is a Sign of Government Dysfunction
The national debt has ballooned from $14 trillion to $32 trillion in a little over a decade.
Democrats Propose Eliminating Student Loan Interest
The plan's supporters say it won't push costs onto taxpayers.
Under Multiple Budget Scenarios, the Government's Numbers Still Don't Add Up
Balanced federal budgets aren’t even considered as a possibility.
Progressives and Populist Republicans Are Coming for Your Credit Card Rewards
New legislation would intervene in the credit card market to help businesses like Target and Walmart, who don't like the fees they have to pay to accept credit card payments.
Why Did Joe Biden Stop Talking About the Deficit?
The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise.
Biden's Latest Student Loan Scheme Has a Bigger Price Tag Than Originally Projected
The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion.
'Bidenomics,' Like All Industrial Policy, Sucks
Plus: Does Tom Cruise really do all of his own stunts?
'Bidenomics' Is Nothing New
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
Federal Judge to Biden Administration: Stop Telling Social Media Sites To Limit Free Speech
Plus: Teaching A.I. about the Fourth of July, and more...
Is Debating Debt Policy Actually Terrorism?
The fight over the debt ceiling has foreshadowed how the policy debates of the presidential election cycle are likely to go.
The Next President Needs To Cut Spending
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
CBO Projects Huge Deficits, $116 Trillion in New Borrowing Over the Next 30 Years
A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the federal government's reckless borrowing.
The Fed Won't Save Us From the Inflation Iceberg
Plus: Was Gerald Ford right to pardon Richard Nixon?
Can Republicans Fix Student Debt?
Unlike Democrats, Senate and House Republicans have released proposals that would actually tackle the root causes of increasing student loan debt.
The Debt Ceiling Deal Does Not Go Nearly Far Enough
Projections of huge savings are making the rounds. Nothing could be further from the truth.
