The biggest beneficiaries of economic growth are poor people. But the deepest case for economic growth is a moral one.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
But…does that make any sense?
The Political Class Has Consistently Ignored Warnings of Fiscal Doom. Now Americans Are Paying the Price.
Warnings of inflation and rising interest rates have long been tied to high and rising debt levels.
Government should not penalize investment, thwart competition, discourage innovation and work, or obstruct production.
The proper response to one failed bailout is not another bailout of a different group.
Many conservatives no longer appear to care much for fiscal conservatism.
Lawmakers stuffed more than $8 billion in pet projects into an omnibus federal spending bill passed in March. But wait, didn't Congress ban earmarks back in 2011?
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.
New CBO report shows that the longer Congress waits to deal with the debt, the bigger the problem becomes.
Inspiring support for Ukrainian freedom is undermined by the remainder of the president’s agenda.
A bipartisan group of lawmakers are calling for two deficit reduction ideas to be included in this year's federal budget bill.
But Washington just keeps hitting the snooze button.
A one percentage point increase in interest rates translates into a $30 trillion increase in interest costs on the national debt.
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There are five instances of the Treasury defaulting on the debt.
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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.
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Among Americans who aren't liberal pundits, the debt and deficit rank as major concerns. It's about time Congress noticed.
Democrats want to raise the debt ceiling, while Republicans occasionally remember they're against big government spending.
The final price tag could eventually exceed $6 trillion, and American taxpayers will be paying the tab when the 50th anniversary of 9/11 arrives.
The Bipartisan Infrastructure Bill Will Add More Than $250 Billion to the Deficit. Does Anyone Care?
A CBO report that might have sunk legislation in an earlier era was greeted with a bipartisan shrug.
Mocking penis-shaped rockets is no substitute for holding the feds accountable for a looming fiscal crisis.
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.
The Bipartisan Infrastructure Bill Shows That Republicans Love Big Government Just as Much as Democrats
We don't have a gridlock problem. We have a spending problem.
Democrats Are Considering a $6 Trillion Infrastructure Plan That Has Little to Do With Infrastructure
For many elected Democrats, infrastructure is much more than roads, bridges, dams, and waterways.
Many Politicians Claim That Increased Spending Sparks Economic Growth. Here's Why That's Misleading.
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.
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.
There's a fox, a goose, and a bag of grain. And a hippopotamus in the middle of the river.
Even without further spending increases, the Congressional Budget Office projects that the national debt will hit 107 percent of GDP in 2023.
The Congressional Budget Office warns that higher levels of debt will slow economic growth significantly in the years ahead.
Biden is proposing about $3 trillion in new taxes, mostly on the rich, to pay for up to $11 trillion in new spending. That's a recipe for even bigger budget deficits.
The Congressional Budget Office says the deficit will hit $3.3 trillion this year. The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.