Even in a healthy economy, rising debt and deficits posed challenges. The current crisis has magnified those problems.
The Next Stimulus: Infrastructure Week, Another Rural Broadband Boondoggle, and Maybe a Sports Bailout?
It's obvious that there will be more government spending in response to the coronavirus, but distinguishing the essential from the nice-to-have is more important than ever.
And more coronavirus stimulus spending could send that number soaring higher.
The Club for Growth prides itself on holding lawmakers accountable "by publicizing their voting record." Except, well…not right now.
The coronavirus is going to crater tax revenues and hike spending. And the Congressional Budget Office says the deficit was going to exceed $1 trillion even before all that.
Having failed to be fiscally responsible when it would have been relatively easier, our elected officials will now likely hike spending even further.
There was a deficit of debt talk at the conservative conference.
And whether it balances at all depends on some creative accounting. Meanwhile, it proposes $2 billion in new spending on the border wall.
The president likes things big, so that apparently applies to government budgets too.
Congress and President Trump should use 2020 to craft more sane policies on trade, immigration, and the budget.
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.
On their own, some of those tax breaks might be defensible. Dumping them into a must-pass budget bill is not.
Budget negotiations offer lawmakers the opportunity to ditch tax carve-outs and cut spending.
In three years in office, Trump has added more to the national debt than President George W. Bush did in his entire two terms.
Will tonight be any different or more of the same?
The $866 billion budget gap so far this fiscal year represents a 27 percent increase over the same period last year.
The idea that "deficits don't matter" has been growing among Trump-supporting Republicans. Democrats are preparing to take full advantage.
As debt soars, federal payments to service the debt will crowd out the government's core spending responsibilities.
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.
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.
Trump's 2018 commitment that he would never sign a massive spending deal ever again was fake news.
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.
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.
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?
The national debt will hit 140 percent of GDP before the end of the 2040s, and that's the optimistic scenario.
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
America will face "serious economic, security, and social challenges" if the national debt keeps growing at this rate.
The feds are $234 billion in the red. Looking for hope? Sen. Mike Enzi has some ideas.
A new record, but one that won't stand for long.
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.
Unless we make some big changes, things won't get much better.
You can't have it both ways.
Ryan presided over three years of growing deficits and laid the groundwork for worse to come.
At this rate we'll get there before the end of the century.
Trump blaming the budget deficit on hurricanes is much the same as those on the left who are trying to pin the blame on last year's corporate tax cuts.
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.
The federal government spent $790 billion more than it taxed during fiscal year 2018. The deficit is about to get worse. Much worse.
Calls to shrink the size, scope, and spending of government, or even balance its budget, have gone the way of the dodo bird. That's kind of a problem.
The economy might be humming but when are we going to have to, you know, pay for the party already?
The federal government has run up a deficit of $684 billion this year. The CBO predicts that number will exceed $1 trillion in 2019.
One of the most lasting consequences of the Trump years will be Republicans' complete abdication of fiscal responsibility.
New CBO analysis shows debt could exceed 200 percent (!!!) of GDP by mid-century without changes.