Looming Budget Catastrophe in Pictures So Simple Even Congress Can Understand
Maybe drawings can deter elected officials from their outrageous spending habits where detailed reports have failed to attract their attention.
Budget Deficit
Congress Uses COVID-19 As a Cover for an Epidemic of Fiscal Recklessness
Legislators view the disease as a license to spend like there’s no tomorrow.
Peter Suderman: The $1.9 Trillion American Rescue Plan Has Almost Nothing To Do With Covid
Joe Biden's spending bill is a Democratic Party wish list masquerading as a public health measure.
It's Neither Sexist Nor Racist To Oppose Neera Tanden for OMB
Plus: Another journalist fired after disagreeing with woke orthodoxy, U.S. COVID death toll passes 500,000 mark, and more...
Biden, Republican Senators Quibble Over Whether To Spend Billions or Trillions
The president has proposed spending $1.9 trillion on another pandemic relief bill. Moderate GOP senators are countering with a $600 billion plan of their own.
Neera Tanden, Biden's Pick for Budget Office: Now Is Not the Time To 'Worry About Raising Deficits and Debt'
She once suggested that if Americans care about the deficit so much, maybe we should make Libya pay for it.
The Next COVID Stimulus Bill Could Cost Trillions of Dollars or Might Not Happen at All
There's a fox, a goose, and a bag of grain. And a hippopotamus in the middle of the river.
America's Debt Will be Twice the Size of the Economy by 2050
The Congressional Budget Office warns that higher levels of debt will slow economic growth significantly in the years ahead.
Joe Biden's Proposed Budget Would Hike Spending, Raise Taxes, and Further Inflate the National Debt
Biden is proposing about $3 trillion in new taxes, mostly on the rich, to pay for up to $11 trillion in new spending. That's a recipe for even bigger budget deficits.
America's National Debt Will Be Larger Than the Economy Next Year
The Congressional Budget Office says the deficit will hit $3.3 trillion this year. The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.
Senate Republicans' $1 Trillion COVID-19 Relief Bill Includes Billions for New Fighter Jets, Attack Helicopters, and Missiles
Much of the military spending in the GOP's HEALS Act replaces funding that was redirected to pay for Trump's border wall.
Rand Paul on Republican Plans for Another Coronavirus Stimulus Bill: 'They Simply Don't Care About the Debt'
Congress is currently debating what should be included in the next trillion-dollar (and counting) stimulus bill, but nothing is likely to pass this week.
The Next Pandemic Will Be Caused by the National Debt. It Will Crater the Economy.
Debt held by the public equals about 100 percent of GDP. That's hurting growth and will fuel a major crisis.
America's Long-Term Debt Crisis Is Now a Short-Term Problem
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.
Budget Deficit Now Expected To Near $4 Trillion This Year
And more coronavirus stimulus spending could send that number soaring higher.
Are There Fiscal Conservatives in a Pandemic? The Club for Growth Says It Doesn't Matter.
The Club for Growth prides itself on holding lawmakers accountable "by publicizing their voting record." Except, well…not right now.
A Trillion-Dollar Deficit This Year Is Now Officially the Best Case Scenario
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.
Coronavirus Is Going To Be Expensive. Too Bad the Government Is Already in Massive Debt.
Having failed to be fiscally responsible when it would have been relatively easier, our elected officials will now likely hike spending even further.
CPAC Promised To Take on Socialism but Couldn't Even Take on Trump's Spending
There was a deficit of debt talk at the conservative conference.
Despite $4.4 Trillion in Spending Cuts, Trump's Budget Won't Balance Until 2035
And whether it balances at all depends on some creative accounting. Meanwhile, it proposes $2 billion in new spending on the border wall.
Trump Has Fully Embraced the Idea That Deficits Don't Matter
The president likes things big, so that apparently applies to government budgets too.
The 2020s Will Be the Decade of Deficit Doomsday
America will have to pay for its spending spree and its wars.
3 New Year's Resolutions the Government Should Adopt
Congress and President Trump should use 2020 to craft more sane policies on trade, immigration, and the budget.
Poll: Federal Budget Deficit Is a Bigger Problem Than Climate Change, Racism, and Terrorism
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.
Was 2019 the Year of Peak Entitlement Mentality?
Federal budget deficits continue to grow despite a thriving economy
Bipartisan 'Bucket of Garbage' Budget Bill Contains $50 Billion in Special Interest Tax Breaks
On their own, some of those tax breaks might be defensible. Dumping them into a must-pass budget bill is not.
Congress' Continuing Resolution Is an Opportunity for Reform
Budget negotiations offer lawmakers the opportunity to ditch tax carve-outs and cut spending.
Federal Deficit Hit $984 Billion Last Year—a Nearly 50 Percent Increase Since Trump Took Office
In three years in office, Trump has added more to the national debt than President George W. Bush did in his entire two terms.
The Democratic Debates So Far: Nearly 300 Questions, but None About the National Debt
Will tonight be any different or more of the same?
Joe Walsh Isn't Running on the Issues
The conservative radio host says he is running for president because Trump is “erratic" and "cruel." But Walsh has his own history to live down.
We've Already Blown Past Last Year's Federal Budget Deficit
The $866 billion budget gap so far this fiscal year represents a 27 percent increase over the same period last year.
Democrats Debate To Determine Who Will Spend Us Into Oblivion
The idea that "deficits don't matter" has been growing among Trump-supporting Republicans. Democrats are preparing to take full advantage.
There's No Such Thing as 'Free Money' or Meaningless Deficits
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.
The House Just Passed a Budget Deal That Will Add $1.7 Trillion to 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.
Once Again, Uncle Sam Shirks Fiscal Responsibility in Budget Deal
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.
Possible Budget Deal Will Add $2 Trillion to the National Debt
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.
Pelosi Rejects Plan to Cut Spending by Less Than 0.3 Percent
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?
Rush Limbaugh Abandons Fiscal Conservatism
The pundit heavily criticized President Obama for excessive spending. Now he says it doesn't matter.
Man, This CBO Report About 'Unprecedented' Debt Levels Is a Bummer
The national debt will hit 140 percent of GDP before the end of the 2040s, and that's the optimistic scenario.
Bipartisan Senate Effort Predictably Kills Rand Paul's Plan to Balance the Federal Budget
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
GAO: Current Federal Fiscal Situation Is 'Unsustainable'
America will face "serious economic, security, and social challenges" if the national debt keeps growing at this rate.
February's Budget Deficit Was the Largest in American History
The feds are $234 billion in the red. Looking for hope? Sen. Mike Enzi has some ideas.
National Debt Hits a New Record High: $22 Trillion
A new record, but one that won't stand for long.
When it Comes To Debt, Politicians and Academics Are All Like, 'What, Me Worry?'
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.