Congress Is Fiscally Reckless. Will Lawmakers Step Up?
Trump is talking about cutting government spending, but that's mostly in Congress' hands.
Trump is talking about cutting government spending, but that's mostly in Congress' hands.
Ukrainians may be too exhausted to benefit from the new rules.
Congress required all federal agencies to submit annual financial reports in 1990. The Pentagon finally got around to complying in 2018, and it still hasn't passed an audit.
The president-elect’s record and campaign positions belie Elon Musk’s talk of spending cuts.
If Musk is truly serious about fiscal discipline, he'll advise the president-elect to eschew many of the policies he promised on the campaign trail.
Campaign finance records reveal what the community at the heart of U.S. national security policy thinks about outside politics.
The Air Force paid nearly $150,000 above market value for airplane bathroom fixtures, a Department of Defense watchdog found.
U.S. taxpayers are underwriting wars in Gaza, Lebanon, Yemen, Syria, and Iraq.
Plus: The Senate wrestles with IVF funding, a dictator dies, and SpaceX passengers conduct the first-ever private spacewalk.
Uncle Sam is resorting to some unusual methods to support the Israeli war effort.
It's good to hear a candidate actually talk about our spending problem. But his campaign promises would exacerbate it.
Reason's Emma Camp attended the Republican National Convention to ask attendees if they still believe in the power of free markets.
We asked delegates at the Republican National Convention whether a second Trump term would address America's debt problem.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
Those three presidential candidates are making promises that would have bewildered and horrified the Founding Fathers.
Ending U.S. aid would give Washington less leverage in the Middle East. That's why it's worth doing.
We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.
Plus: A listener asks the editors about the Selective Service.
The Selective Service should be abolished, not made more efficient and equitable.
Ending U.S. aid would give Washington less leverage in the Middle East. That's why it's worth doing.
Plus: A listener asks the editors about President Joe Biden holding up arms shipments to Israel.
President Biden is holding up a shipment of 3,500 bombs to Israel, after months of resisting any conditions on U.S. aid to Israel.
Plus: A listener asks the editors to steel man the case for the Jones Act, an antiquated law that regulates maritime commerce in U.S. waters.
House Speaker Mike Johnson worked with President Biden to push through a $95 billion foreign military aid package—most of which goes to the American military-industrial complex.
Increased spending does not automatically equate to higher quality—something that is often lost in this debate.
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
"I'm concerned about a Trump-Biden rematch," argues Riedl. "You have two presidents with two of the worst fiscal records of the past 100 years."
It's just one reason the program should likely be terminated altogether.
The Senate's $95 billion aid bill would only throw more good money after bad.
It’s true that the U.S. pays too much of the continent’s defense bills even as it’s going broke.
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
Section 702 will continue until April, when Congress will have another shot at seriously reforming a program that desperately needs it.
Plus: Elon Musk's mom tells off the FCC, A24 tackles civil war, Nate Silver talks F.A. Hayek, and more...
Though federal law has required annual financial reports, the Department of Defense simply did not complete them until 2018. It has since failed each year.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
Plus: Chaos in Congress, and bums in the parks
Plus: Nonessential government programs (all of them?), AI firefighting, tech-world hit pieces, and more...
Plus: Rupert Murdoch retires, Ibram X. Kendi blew through millions of dollars, and more…
Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
Plus: DeSantis' awkward pot situation, San Francisco's "overpaid executive" tax, and more…
Plus: A listener asks for the editors’ advice on how to spend his money.
America’s biggest fiscal challenge lies in the unchecked growth of federal health care and old-age entitlement programs.
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.
Should the U.S. continue to bankroll the counteroffensive?
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.
Washington is doing a poor job of monitoring whether the weapons it sends to Ukraine are ending up in the right hands.
Progressive Democrats' opposition to sending cluster bombs to Ukraine is welcome. Their arguments apply to much of the military aid the U.S. is sending the country.
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