We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
A fiscal commission might be a good idea, but it's also the ultimate expression of Congress' irresponsibility.
Servicing debt grows more expensive as the deadline to curb the spending spree gets closer.
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
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.
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.
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Entitlement reform has long been considered a third rail in American politics, but that perspective might be changing.
A debt commission won't solve any of the federal government's fiscal problems, but it's the first step towards taking them seriously.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
Especially because the once-dismissed possibility of rising rates is now a reality.
The Federal Reserve's higher interest rates were supposed to trigger changes to fiscal policy. So far, that hasn't happened.
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.
Plus: A listener asks whether younger generations are capable of passing reforms to entitlement spending.
It's not the first time that has happened, but there are key differences about what happened this year.
Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
America’s biggest fiscal challenge lies in the unchecked growth of federal health care and old-age entitlement programs.
Short-term solutions and governing from crisis to crisis isn't working.
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.
Federal officials ignore repeated warnings, and we all pay the price.
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.
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.
The national debt has ballooned from $14 trillion to $32 trillion in a little over a decade.
Balanced federal budgets aren’t even considered as a possibility.
The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion.
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A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the federal government's reckless borrowing.
Projections of huge savings are making the rounds. Nothing could be further from the truth.
The Fiscal Responsibility Act falls well short of solving America's permitting crisis.
New work requirements will target those over age 50, but the debt ceiling deal also loosens existing work requirements for those under age 50.
If the debt ceiling bill passes, the Education Department will be barred from extending the student loan repayment pause yet again.
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
But a lot of Republicans probably will.
Plus: Artificial intelligence and jobs, how government caused a lifeguard shortage, and more...
Biden still wants to explore the 14th Amendment—but it isn't a presidential authority, and the debt limit doesn't create a constitutional "trilemma."
The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.