Democrats hail the new budget agreement as "the largest increase in non-defense discretionary spending in four years" while Republicans tout a big boost in military spending. Everyone wins!
Inspiring support for Ukrainian freedom is undermined by the remainder of the president’s agenda.
We must face the reality that the debt does matter.
"If I do my job right, you should barely know I'm here."
A bipartisan group of lawmakers are calling for two deficit reduction ideas to be included in this year's federal budget bill.
"Greed is constant. If it's greed, how do we explain prices falling?"
But Washington just keeps hitting the snooze button.
Using "we" implies a collective responsibility, creates the false impression that most people are on board, and hints that we'll share equally in the benefits.
A one percentage point increase in interest rates translates into a $30 trillion increase in interest costs on the national debt.
America needs to get its fiscal house in order.
Enough with the budget gimmicks. It's time for Democrats to admit that Biden's proposal is a long, long way from being fully paid for.
Habitual debt busts are one Latin American export that is better left on the dock.
If all the Build Back Better plan's proposals were made permanent, the final price tag would be $4.8 trillion and the bill would add about $2.8 trillion to the deficit.
There are five instances of the Treasury defaulting on the debt.
The legislation will have a negative impact on the labor supply and send high prices soaring even higher.
The Congressional Budget Office's analysis of the bill is unlikely to prevent its passage through the House. A vote could happen later tonight.
It's Biden's bill, but Trump helped set the stage.
Forty years from now, it'll be much, much, much higher.
Legislating with budget gimmicks is shameful, timid, risky, and opportunistic. Mostly, though, it's really expensive.
Manchin's $1.5 trillion plan is still bigger than the Obama stimulus, and would be a major expansion of government's power to redistribute wealth.
When everything's a priority, nothing is.
Plus: Why "reforming" Section 230 makes little sense, the FDA finally admits vaping is safer than smoking, the U.S. will reopen its land borders with Canada and Mexico, and more...
"Spending trillions more on new and expanded government programs, when we can't even pay for the essential social programs...is the definition of fiscal insanity."
Plus: the unintended consequences of mandating COVID vaccines for students
Among Americans who aren't liberal pundits, the debt and deficit rank as major concerns. It's about time Congress noticed.
Under Biden, Democrats have decided that their agenda has no costs and no tradeoffs.
Democrats are now relying on the same "dynamic scoring" technique they've previously criticized.
Democrats want to raise the debt ceiling, while Republicans occasionally remember they're against big government spending.
The problem isn’t the GOP or Senate rules. It’s that Democrats can’t agree amongst themselves.
A new analysis projects that private capital, wages, and America's GDP will fall over the next three decades if Congress passes the $3.5 trillion reconciliation package. But at least government debt will grow!
The federal health care program is on track for a trust fund shortfall in just five years. But instead of paying for the program that exists, Democrats want to expand it.
To spend a lot of money, or to spend a lot more money? That is the question.
The Senate just passed a $1.2 trillion bipartisan infrastructure bill—and teed up another $3.5 trillion bill in the process.
A CBO report that might have sunk legislation in an earlier era was greeted with a bipartisan shrug.
As inflation increases, we need a low-debt environment.
The U.S. national debt held by the public is currently almost $22 trillion, surpassing the country's annual GDP for the first time since World War II.
Plus: The growing trust gap, pandemic-low unemployment numbers, and more...
We don't have a gridlock problem. We have a spending problem.
A new study finds that as the government expands, the private sector shrinks.
The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.
In Biden's plan, the government would consume a historically large share of the economy—and those taxes still wouldn't be enough to pay for everything
Nestled in the $1.9 trillion emergency spending bill passed in March was a bailout for unions' private pension funds.
The treasury secretary told the Chamber of Commerce that an activist government funded by higher corporate taxes would be a boon for business too.
Many Democrats and Republicans act like spending isn't an issue. Here's why they're wrong.
Is there any hope to check the growth of the state?
Maybe drawings can deter elected officials from their outrageous spending habits where detailed reports have failed to attract their attention.
The White House is proposing an 8.4 percent boost in discretionary spending, which comes on top of Biden's $1.9 trillion pandemic relief bill, and his proposed $2.3 trillion American Jobs Plan.
