40 Years of Trillion-Dollar Debt
Forty years from now, it'll be much, much, much higher.
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.
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"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.
Fiscal hawks have been sounding the alarm about rising debt levels for decades, but their nightmare scenario of runaway inflation hasn't come to pass. How do we know if this time is different?
Legislators view the disease as a license to spend like there’s no tomorrow.
We will likely grapple with the consequences of ill-advised COVID-19 policies for years to come.
The Democrats' COVID bill showers billions of unneeded dollars on state and local governments.
Biden's proposed stimulus spending might give a modest boost, but in the long run it'll slow the economy.
Most states managed to avoid much-predicted fiscal crises during the pandemic. Congress wants to shower them with more federal aid anyway.
The market's failure to produce an ideal outcome cannot alone justify activist policy, because governments can also fail to produce the ideal.
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Despite Elizabeth Warren's contention that it is the "single most effective economic stimulus that is available through executive action," forgiving student debt is a bad idea.
She once suggested that if Americans care about the deficit so much, maybe we should make Libya pay for it.
If we can't trim the Pentagon's budget this year, will we ever?
The president-elect promised record levels of spending and taxes on the campaign trail. Will he succeed?
Trump plans to steal less of other people’s cash then Biden does, though neither has any serious suggestions for paying for their spending schemes.
There's a fox, a goose, and a bag of grain. And a hippopotamus in the middle of the river.
After years of federal fiscal recklessness, is Washington's bill finally coming due?
When it comes to limiting the size and scope of government and protecting individual liberties, America's 45th president has been actively malign.
Even without further spending increases, the Congressional Budget Office projects that the national debt will hit 107 percent of GDP in 2023.
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