Schumer, Manchin Strike Deal To Raise Taxes, Cut the Deficit, Spend Billions on Climate Change
The proposal reportedly hikes taxes by over $730 billion, with $300 billion of that money to be used for reducing the federal budget deficit.
Budget Deficit
Biden's Policies Have Increased, Not Reduced, Future Budget Deficits
Dissecting the president's misleading claims about falling deficits
Rand Paul Asked Senators To Balance the Budget. Only 28 Agreed.
Rising interest rates will only make it harder to balance the budget in future years.
A Wonky Evisceration of Biden's Bad Deficit Math
Interest rates and servicing costs could push us into worrisome territory sooner than we think.
Why Biden's Claim of Cutting the Deficit Is False, in a Single Chart
...and why government spending is like an infestation of cicadas.
New CBO Report Exposes Biden's Deficit-Reduction Misinformation
The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.
A Global Tax Cartel Would Be as Bad as It Sounds
Several studies have found that the vast majority of costs incurred by increased corporate taxes are passed along to workers in the form of lower wages.
Biden Brags About Falling Deficits, but the Federal Fiscal Situation Is Still 'Unsustainable'
Under current policies, Social Security and Medicare will consume 85 percent of all federal tax revenue by 2050.
Joe Biden's Phony Fiscal Responsibility
Biden gloats over a historically astronomical budget deficit as if he's accomplished something significant. He hasn't.
Congress Plans To Spend $1.5 Trillion This Year, Continues To Pretend the Deficit Doesn't Matter
Democrats hail the new budget agreement as "the largest increase in non-defense discretionary spending in four years" while Republicans tout a big boost in military spending. Everyone wins!
Biden Tries To Twist His Domestic Agenda Into a Form Joe Manchin Will Support
Biden made some vague promises about deficit reduction during Tuesday's State of the Union address. They don't add up.
America's $30 Trillion National Debt Should Be a Wake Up Call
But Washington just keeps hitting the snooze button.
Without Budget Gimmicks, Biden's 'Build Back Better' Will Add $3 Trillion to the Deficit, CBO Says
Enough with the budget gimmicks. It's time for Democrats to admit that Biden's proposal is a long, long way from being fully paid for.
Biden's Build Back Better Act Will Likely Cost Twice as Much as the CBO Projects. Here's Why.
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.
Democrats' 'Build Back Better' Bill Is a Federal Power Grab. Americans Will Pay the Price.
The legislation will have a negative impact on the labor supply and send high prices soaring even higher.
CBO: Biden's 'Build Back Better' Plan Will Add $367 Billion to the Deficit
The Congressional Budget Office's analysis of the bill is unlikely to prevent its passage through the House. A vote could happen later tonight.
Inflation Will Make Government Budget Problems Worse
The cost of interest on the national debt will soon be a huge chunk of change.
Joe Manchin Isn't the Fiscal Conservative We Need, but He's the Best We've Got
"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."
Joe Manchin Is Forcing Congress To Think About the Deficit. Good.
Among Americans who aren't liberal pundits, the debt and deficit rank as major concerns. It's about time Congress noticed.
Taxing the Rich Isn't Enough to Pay for Democrats' Welfare State. They'll Need To Soak the Middle Class Too.
There simply aren't enough rich people to finance all the new spending.
Medicare Is About To Run Out of Money. Democrats Want To Make the Program Cost Even More.
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.
The Bipartisan Infrastructure Bill Will Add More Than $250 Billion to the Deficit. Does Anyone Care?
A CBO report that might have sunk legislation in an earlier era was greeted with a bipartisan shrug.
Want To Close the Tax Gap? Cut Taxes.
It would require our enormous government to become less gluttonous with the people's resources.
Democrats' $3.5 Trillion Fully-Paid-for Spending Plan Probably Won't Be Fully Paid for
The spending proposal is likely to be offset by gimmicks and rosy assumptions.
The Bipartisan Infrastructure Bill Shows That Republicans Love Big Government Just as Much as Democrats
We don't have a gridlock problem. We have a spending problem.
Many Politicians Claim That Increased Spending Sparks Economic Growth. Here's Why That's Misleading.
A new study finds that as the government expands, the private sector shrinks.
Biden's Astronomical Budget Proposal Even Has Some Democrats Worried
The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.
Joe Biden's $6 Trillion Budget Proposal Will Hike Spending, Keep Deficits Near Record Highs
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
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.
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.
