Enough?
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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.
Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.
"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.
Survey finds growing acceptance of civilian firearms among the country’s population.
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.
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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.
In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
Terrorism does not thrive on peace and normalcy. It thrives on war and chaos and overbroad revenge projects.
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The U.S.-Bahraini security pact is the first step towards a future U.S.-Saudi “mega-deal.” Critics say it violates the U.S. Constitution and aids torturers.
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Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
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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.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.
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.
Projections of huge savings are making the rounds. Nothing could be further from the truth.
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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?
That doesn't mean Russia is right. It means we're being honest about how much the U.S. is involved.
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.
There’s no vital U.S. interest served by this indefinite advise-and-assist mission in the region.
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Election betting markets are often more reliable than pundits. Did the site steal user funds? No. Did they lie to people? No. Harm anyone? No.
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Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
These days, he may run for president. His politics have changed.
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