The government spent $501 billion in November but collected just $252 billion in revenue, meaning that about 50 cents of every dollar spent were borrowed.
Food prices were up 0.5 percent during November, even as energy prices fell by about 1.6 percent.
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?
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.
Interest rates and servicing costs could push us into worrisome territory sooner than we think.
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.
Biden gloats over a historically astronomical budget deficit as if he's accomplished something significant. He hasn't.
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.
Putting America's depressing fiscal policy to a beat since 2011!
Plus: A Japanese billionaire will spend 12 days in space, Rep. Peter Meijer is resigned to a second political act for Donald Trump, and more...
There are five instances of the Treasury defaulting on the debt.
Forty years from now, it'll be much, much, much higher.
Plus: In-N-Out fights San Francisco's vaccine mandate, the Vienna Tourism Board gets an OnlyFans, apes protest the DEA, and more...
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.
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...
Friday A/V Club: In 1992, it was a paramilitary America Firster who wanted to #MintTheCoin.
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.
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.
We don't have a gridlock problem. We have a spending problem.
Biden's infrastructure package is really a jackpot for public unions and big business.
For many elected Democrats, infrastructure is much more than roads, bridges, dams, and waterways.
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.
Many Democrats and Republicans act like spending isn't an issue. Here's why they're wrong.
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.
Biden's proposed stimulus spending might give a modest boost, but in the long run it'll slow the economy.
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.
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