"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.
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
Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
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.
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.
Projections of huge savings are making the rounds. Nothing could be further from the truth.
Plus: SCOTUS won't hear Reddit sex trafficking case, debt deal would increase spending on SNAP benefits, and more...
Plus: Artificial intelligence and jobs, how government caused a lifeguard shortage, and more...
The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.
The Pentagon’s “accounting error” will allow President Joe Biden to send an extra $3 billion in military aid to Ukraine without congressional approval. Was this deliberate?
Does Ukraine face an existential risk? Does it matter?
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
Plus: The National Endowment for Democracy ends funding of conservative media blacklist, the U.S. Supreme Court will hear major internet free speech case, and more...
After $67 billion and more than 20 years, the F-22 finally won a dogfight against an unarmed, nearly immobile opponent.
Sen. Rand Paul says Republicans "have to give up the sacred cow" of military spending in order to make a deal that will address the debt ceiling and balance the budget.
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
The actual total is probably higher according to the Government Accountability Office's new report.
A Swedish company will soon be delivering electric single-person aircraft that can take off and land vertically, which the F-35B struggles with despite billions in funding.
For most aid critics, the urge to cut off Kyiv appears unconnected to any sort of principled realism, non-interventionism, or even isolationism.
The maritime industry inserted some protectionism into the National Defense Authorization Act.
Plus: Title 42 order termination is on hold, the FTC vs. Meta, and more...
Plus: The editors extend the discussion on the lack of immigration reform in this week’s bill.
Plus: North Carolina strikes down voter ID law, more turmoil at Twitter, and more...
Boeing reports that the two new presidential shuttles its building will now be $2 billion over budget.
Senate Republicans have raised reasonable objections that legislation covering veterans' health conditions linked to toxic burn pits will allow for more spending on unrelated items.
Under Biden, Trump, and Obama, government federal spending almost doubled.