Promises To Cut $2 Trillion Clash with Trump's Expensive Plans
Ambitious budget cuts will meet political reality in Trump’s second administration.
Ambitious budget cuts will meet political reality in Trump’s second administration.
The new advisory group promises bold savings and massive spending cuts, but without any expertise in the federal budget, it’s likely to be all bark and no bite.
Narrowly understood, the president-elect's familiar-sounding plan to tackle "massive waste and fraud" may not give us "smaller government" in any meaningful sense.
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.
The budget could be balanced by cutting just six pennies from every dollar the government spends. It used to require even less.
We asked delegates at the Republican National Convention whether a second Trump term would address America's debt problem.
Anatomy of a budget gimmick.
Next week, Congress will have to choose between a rushed omnibus bill or a long-term continuing resolution that comes with a possible 1 percent spending cut.
Several large public universities are getting multimillion dollar budget cuts.
Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
Plus: A listener question concerning the key to a libertarian future—should we reshape current systems or rely upon technological exits like bitcoin and encryption?
Plus: A listener question scrutinizing current attitudes toward executive power
The most important part of the Limit, Grow, Save Act is the limits.
From delivery fees to streaming taxes, New York can’t stomach having MTA users actually pay for the system themselves.
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
Handouts for tourist-trap museums will be part of the federal funding battleground in the next two years.
Plus: Court denies motion to suppress January 6 geofence warrant, Texas may ban some immigrants from buying property, and more...
Plus: The editors consider the ongoing debt ceiling drama and answer a listener question about ending the war on drugs.
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.
Taking stock of the utterly unserious fiscal policy discourse in Washington.
Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.
The COVID-19 pandemic will strain some state budgets, but you shouldn't believe the predictions about catastrophic cuts.
There is no state that will weather the COVID-19 pandemic without making difficult decisions. But the revenue hit will be less severe in places that were being thrifty and vigilant.
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?
Trump's plan to cut $15 billion in spending really would have cut only about $1.1 billion. Its rejection is depressing anyway.
President Donald Trump's rescission bill actually cuts just $57 million from current year spending. So that oughta solve the fiscal crisis.
Because nothing in Washington is more terrifying than the prospect of a minuscule spending reduction
Presidential budgets have all the legal force of a letter to Santa-they're essentially the White House asking Congress for a pony.
See also some photos of rally signs that I found funny and interesting
Do you care about free minds and free markets? Sign up to get the biggest stories from Reason in your inbox every afternoon.
This modal will close in 10