Schumer, Manchin Strike Deal To Raise Taxes, Cut the Deficit, Spend Billions on Climate Change
The proposal reportedly hikes taxes by over $730 billion, with $300 billion of that money to be used for reducing the federal budget deficit.
Deficits
Biden's Policies Have Increased, Not Reduced, Future Budget Deficits
Dissecting the president's misleading claims about falling deficits
Democrats Are Trying To Push Through Another 'Build Back Better' Bill. It Would Only Make Inflation Worse.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
A Wonky Evisceration of Biden's Bad Deficit Math
Interest rates and servicing costs could push us into worrisome territory sooner than we think.
Why Biden's Claim of Cutting the Deficit Is False, in a Single Chart
...and why government spending is like an infestation of cicadas.
Why Everything About Politics Sucks, in 1 Chart
Only 6 percent of Americans say the federal government is extremely "careful with taxpayer money," yet those same Americans consistently report that they want the government to do more.
Social Security Is Running Toward Insolvency
Despite a few encouraging analyses, the numbers just don't add up.
Biden Says the Deficit Is Falling. Actually, It's Rising.
Under Biden, Trump, and Obama, government federal spending almost doubled.
Biden's Plan for Reducing Inflation Will Actually Make It Worse
The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.
New CBO Report Exposes Biden's Deficit-Reduction Misinformation
The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.
Biden Brags About Falling Deficits, but the Federal Fiscal Situation Is Still 'Unsustainable'
Under current policies, Social Security and Medicare will consume 85 percent of all federal tax revenue by 2050.
Joe Biden's Phony Fiscal Responsibility
Biden gloats over a historically astronomical budget deficit as if he's accomplished something significant. He hasn't.
Don't Wait! The National Debt Is Only Getting Worse
New CBO report shows that the longer Congress waits to deal with the debt, the bigger the problem becomes.
Elizabeth Warren Wants Joe Biden To Deliver a Massive, Illegal Handout to the Well-Off
Student debt cancellation would disproportionately benefit college degree holders with higher earnings.
Biden Is Clueless About Inflation
The president's $5.8 trillion budget shows he wants more of the same government spending that is already sending prices through the roof.
Blame Insane Government Spending for Inflation
Some want to solve the problem with subsidies for gas, housing, child care, and more. That only risks greater stagnation.
Joe Manchin on Biden's Wealth Tax: 'You Can't Tax Something That's Not Earned.'
Joe Manchin keeps saying out loud the part that Joe Biden would rather keep quiet.
More Defense Spending Does Not Equal More Safety
Congress continues to allocate funds to produce weapons that the Pentagon itself says it doesn't need.
Congress Plans To Spend $1.5 Trillion This Year, Continues To Pretend the Deficit Doesn't Matter
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!
Biden Still Wants Government Interfering in All Areas of Life
Inspiring support for Ukrainian freedom is undermined by the remainder of the president’s agenda.
Our Insane Government Spending Will Hurt Our Response to Ukraine
We must face the reality that the debt does matter.
The Stossel State of the Union
"If I do my job right, you should barely know I'm here."
Hey, Nancy Pelosi: 'National Debt Should Be a Top Priority'
A bipartisan group of lawmakers are calling for two deficit reduction ideas to be included in this year's federal budget bill.
Don't Blame 'Greedy Corporations' for Inflation. Blame the Government.
"Greed is constant. If it's greed, how do we explain prices falling?"
America's $30 Trillion National Debt Should Be a Wake Up Call
But Washington just keeps hitting the snooze button.
'We' Didn't Increase the Debt. Politicians, Congress, and Bureaucrats Did.
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.
America's Huge Pile of National Debt Makes Combating Inflation More Difficult
A one percentage point increase in interest rates translates into a $30 trillion increase in interest costs on the national debt.
If We Don't Get Inflation Under Control, It Could Unleash Some Dramatic Consequences
America needs to get its fiscal house in order.
Without Budget Gimmicks, Biden's 'Build Back Better' Will Add $3 Trillion to the Deficit, CBO Says
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.
The Perverse Incentives of Puerto Rico's Debt Deal
Habitual debt busts are one Latin American export that is better left on the dock.
Biden's Build Back Better Act Will Likely Cost Twice as Much as the CBO Projects. Here's Why.
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.
No, the United States Has Not Always Paid Its Debts
There are five instances of the Treasury defaulting on the debt.
Democrats' 'Build Back Better' Bill Is a Federal Power Grab. Americans Will Pay the Price.
The legislation will have a negative impact on the labor supply and send high prices soaring even higher.
CBO: Biden's 'Build Back Better' Plan Will Add $367 Billion to the Deficit
The Congressional Budget Office's analysis of the bill is unlikely to prevent its passage through the House. A vote could happen later tonight.
Trump Laid the Groundwork for Biden's Infrastructure Boondoggle
It's Biden's bill, but Trump helped set the stage.
40 Years of Trillion-Dollar Debt
Forty years from now, it'll be much, much, much higher.
How Democrats Could Hide $2 Trillion in New Spending With Budget Gimmicks
Legislating with budget gimmicks is shameful, timid, risky, and opportunistic. Mostly, though, it's really expensive.
Why Biden's $3.5 Trillion Spending Plan Would Be Worse for the Economy Than Manchin's $1.5 Trillion Proposal
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.
Progressives Want To Use a Giant Budget Gimmick To Hide the Cost of the Democrats' Spending Bill
When everything's a priority, nothing is.
Congress Raised the Debt Ceiling Again Without Doing Anything To Fix the $28 Trillion National Debt
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...
Joe Manchin Isn't the Fiscal Conservative We Need, but He's the Best We've Got
"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."
Our Looming Trillion Dollar Doom
Plus: the unintended consequences of mandating COVID vaccines for students
Joe Manchin Is Forcing Congress To Think About the Deficit. Good.
Among Americans who aren't liberal pundits, the debt and deficit rank as major concerns. It's about time Congress noticed.
Democrats Are Denying Basic Economics
Under Biden, Democrats have decided that their agenda has no costs and no tradeoffs.
Biden Says $3.5 Trillion Reconciliation Bill Has a Price Tag of 'Zero.' That's Dubious.
Democrats are now relying on the same "dynamic scoring" technique they've previously criticized.
Blame Both Parties if the Federal Government Shuts Down in December
Democrats want to raise the debt ceiling, while Republicans occasionally remember they're against big government spending.
Democrats Don't Have a Filibuster Problem. They Have a Joe Manchin Problem.
The problem isn’t the GOP or Senate rules. It’s that Democrats can’t agree amongst themselves.
Biden's $3.5 Trillion Spending Plan Will Leave Americans Poorer in the Long Run
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!
