Budget Deficit Now Expected To Near $4 Trillion This Year
And more coronavirus stimulus spending could send that number soaring higher.
National Debt
Coronavirus Is Going To Be Expensive. Too Bad the Government Is Already in Massive Debt.
Having failed to be fiscally responsible when it would have been relatively easier, our elected officials will now likely hike spending even further.
Trump's Proposed Cuts to Farm Subsidies Don't Go Nearly Deep Enough
Instead of taking a little off the top, Trump needs to give farm subsidies a buzz cut.
Despite $4.4 Trillion in Spending Cuts, Trump's Budget Won't Balance Until 2035
And whether it balances at all depends on some creative accounting. Meanwhile, it proposes $2 billion in new spending on the border wall.
Buttigieg Makes the Democratic Case for Cutting Debt
Plus: Josh Hawley's latest terrible idea, sex work divides NOW, Gary Johnson's 2020 endorsement, and more...
The 2020s Will Be the Decade of Deficit Doomsday
America will have to pay for its spending spree and its wars.
Poll: Federal Budget Deficit Is a Bigger Problem Than Climate Change, Racism, and Terrorism
The problem, as always, is that voters are likely to say they want Congress to balance the budget, but are less likely to back any specific ideas for doing so.
America's Forgotten Debt
Neither party is serious about reining in spending. This is unsustainable.
Federal Deficit Hit $984 Billion Last Year—a Nearly 50 Percent Increase Since Trump Took Office
In three years in office, Trump has added more to the national debt than President George W. Bush did in his entire two terms.
The Democratic Debates So Far: Nearly 300 Questions, but None About the National Debt
Will tonight be any different or more of the same?
Joe Walsh Isn't Running on the Issues
The conservative radio host says he is running for president because Trump is “erratic" and "cruel." But Walsh has his own history to live down.
Washington's Recent Fiscal Recklessness Will Look Even Worse if America Is Heading Into a Recession
Plus: Fashion versus the police state, a truce in the Kansas-Missouri border war, and more....
We've Already Blown Past Last Year's Federal Budget Deficit
The $866 billion budget gap so far this fiscal year represents a 27 percent increase over the same period last year.
Democrats Debate To Determine Who Will Spend Us Into Oblivion
The idea that "deficits don't matter" has been growing among Trump-supporting Republicans. Democrats are preparing to take full advantage.
The Senate Will Vote on a $2.7 Trillion Budget Deal That Adds to the National Debt. The Democrats' Debates Ignored It.
CNN doesn't think Americans deserve to hear potential presidents asked about the national debt.
The House Just Passed a Budget Deal That Will Add $1.7 Trillion to the National Debt
Members of Congress are well aware of the looming threat of the $22 trillion (and growing) national debt, but seem incapable of doing anything except making it worse.
Can the Freedom Caucus Convince Trump to Derail This Awful Budget Deal? If Not, Fiscal Conservatism Is Truly Dead.
The House Freedom Caucus could reverse its trend towards irrelevancy by successfully swaying Trump to turn against the new budget deal.
Possible Budget Deal Will Add $2 Trillion to the National Debt
If President Donald Trump signs the deal into law, he will have authorized a 22 percent increase in federal discretionary spending during his first term in office.
Pelosi Rejects Plan to Cut Spending by Less Than 0.3 Percent
The federal government will spend $57 trillion over the next 10 years and run an $11 trillion deficit. But cutting spending by $150 billion is too much to ask?
Rush Limbaugh Abandons Fiscal Conservatism
The pundit heavily criticized President Obama for excessive spending. Now he says it doesn't matter.
Man, This CBO Report About 'Unprecedented' Debt Levels Is a Bummer
The national debt will hit 140 percent of GDP before the end of the 2040s, and that's the optimistic scenario.
Mick Mulvaney Turns His Back on Fiscal Responsibility
"Show me the majority for cutting spending," he says.
Bipartisan Senate Effort Predictably Kills Rand Paul's Plan to Balance the Federal Budget
Paul's proposal to cut 2 percent from the federal budget for the next five years was predictably opposed by both Democrats and most Republicans
House Freedom Caucus Too Busy Scolding Justin Amash To Care About Today's Bipartisan Budget Apocalypse
What's the point of a "limited government" bloc that doesn't limit government?
GAO: Current Federal Fiscal Situation Is 'Unsustainable'
America will face "serious economic, security, and social challenges" if the national debt keeps growing at this rate.
National Debt Hits a New Record High: $22 Trillion
A new record, but one that won't stand for long.
When it Comes To Debt, Politicians and Academics Are All Like, 'What, Me Worry?'
From OMB head Mick Mulvaney to former Treasury Secretary Larry Summers, nobody cares about spending money we don't have on things we don't need. Big mistake.
What Was Missing From Trump's State of the Union? America's $1 Trillion Deficit
Or the $22 trillion (and counting) national debt. Or the entitlement programs that will continue adding to them.
Increasing Top Tax Brackets Is Easier Than Increasing Revenue Over Time
Proponents of jacking top marginal income tax rates such as AOC ignore how hard it is to actually boost revenue over the long haul.
Most Americans Want Congress to Fix Budget Crisis, Increase Spending. Huh?
You can't have it both ways.
The National Debt Hit $22 Trillion at the End of 2018
Growth alone won't get us out of this mess.
A National Debt 6 Times the Size of the Economy? That's Where America is Heading.
At this rate we'll get there before the end of the century.
'We've Never Had Deficits Like This During Peace and Prosperity Before'
Brian Riedl has a plan to stabilize the national debt at 95 percent of GDP. He says trying it might be political suicide, but the alternative is much worse.
Congress Just Passed a $150 Billion Spending Package Without Any Consideration for Looming Trillion-Dollar Deficit
Just days after the latest CBO projections showed the deficit getting worse, Congress signs off on another bi-partisan spending increase.
Extending Last Year's Tax Cuts Without Massive Spending Reductions Would Be a Fiscal Disaster
New CBO analysis shows debt could exceed 200 percent (!!!) of GDP by mid-century without changes.
CBO: National Debt Projected to Surpass 150 Percent of GDP in Next 30 Years
Entitlement spending, health care costs, and the GOP tax legislation will drive up the debt.
Social Security Will Be Insolvent In 16 Years. Maybe Congress Should Do Something About That.
Medicare will run dry even sooner. Do you trust anyone in Washington to solve this problem?
Today's 'Balanced Budget Amendment' Is a Month Late and $1 Trillion Short
Thursday's vote is an empty gesture. Worse, it's a hypocritical one.
Your Friday Cliffhanger: Will Trump Sign or Veto the Omnibus? (UPDATE: Trump Signs)
The president wants his border wall funding.
Congress Is Still Ignoring Its Spending Problem as Deadline Looms for $1.3 Trillion Spending Bill
Four out of five voters agree that Washington has a spending problem, but a new omnibus spending bill will add yet more to the national debt.
Wait: The Government Is Incompetent, So We Want it To Do *More*?
The feds can't pass a budget or do much very well, yet a record level of Americans want it more involved in our lives. That's not as crazy as it seems.
What About the Debt? Trump's SOTU Ignores a $20 Trillion Time Bomb
If a Republican president can't address a Republican-controlled Congress without paying lip service to the idea of cutting spending, what good are Republicans?
The Trump Tax Plan Is Government as Usual
Despite big promises, it fails in its primary mission: paying for the actual cost of government
Budget Director Mick Mulvaney: 'We Need to Have New Deficits'
The former deficit hawk gets budget-busting religion now that he holds real power.
Why We Need To Shrink the National Debt, And Fast!
Too much debt slows economic growth and reduces living standards.
