If all the Build Back Better plan's proposals were made permanent, the final price tag would be $4.8 trillion and the bill would add about $2.8 trillion to the deficit.
The legislation will have a negative impact on the labor supply and send high prices soaring even higher.
The Congressional Budget Office's analysis of the bill is unlikely to prevent its passage through the House. A vote could happen later tonight.
The cost of interest on the national debt will soon be a huge chunk of change.
"Spending trillions more on new and expanded government programs, when we can't even pay for the essential social programs...is the definition of fiscal insanity."
Among Americans who aren't liberal pundits, the debt and deficit rank as major concerns. It's about time Congress noticed.
There simply aren't enough rich people to finance all the new spending.
The federal health care program is on track for a trust fund shortfall in just five years. But instead of paying for the program that exists, Democrats want to expand it.
A CBO report that might have sunk legislation in an earlier era was greeted with a bipartisan shrug.
It would require our enormous government to become less gluttonous with the people's resources.
The spending proposal is likely to be offset by gimmicks and rosy assumptions.
We don't have a gridlock problem. We have a spending problem.
A new study finds that as the government expands, the private sector shrinks.
The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.
In Biden's plan, the government would consume a historically large share of the economy—and those taxes still wouldn't be enough to pay for everything
Maybe drawings can deter elected officials from their outrageous spending habits where detailed reports have failed to attract their attention.
Legislators view the disease as a license to spend like there’s no tomorrow.
Joe Biden's spending bill is a Democratic Party wish list masquerading as a public health measure.
Plus: Another journalist fired after disagreeing with woke orthodoxy, U.S. COVID death toll passes 500,000 mark, and more...
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.
She once suggested that if Americans care about the deficit so much, maybe we should make Libya pay for it.
There's a fox, a goose, and a bag of grain. And a hippopotamus in the middle of the river.
The Congressional Budget Office warns that higher levels of debt will slow economic growth significantly in the years ahead.
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.
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.
Much of the military spending in the GOP's HEALS Act replaces funding that was redirected to pay for Trump's border wall.
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.
Debt held by the public equals about 100 percent of GDP. That's hurting growth and will fuel a major crisis.
Even in a healthy economy, rising debt and deficits posed challenges. The current crisis has magnified those problems.
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.
America will have to pay for its spending spree and its wars.
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.
Federal budget deficits continue to grow despite a thriving economy
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 conservative radio host says he is running for president because Trump is “erratic" and "cruel." But Walsh has his own history to live down.
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.
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