The president doesn't understand the difference between a budget deficit and a trade deficit.
Debt and Deficits
Climate strikes, "Medicare for All," national security whistleblowers, and Canadian blackface scandals are all distractions from D.C.'s core function: spending more money than we have.
Plus: Fashion versus the police state, a truce in the Kansas-Missouri border war, and more....
Bernie Sanders Is Right That the 'Working Class' Is Shrinking. He's Wrong To Suggest That's a Bad Thing.
By nearly every measure, Americans are getting richer and richer. This should be cause for celebration, not concern.
The $866 billion budget gap so far this fiscal year represents a 27 percent increase over the same period last year.
As debt soars, federal payments to service the debt will crowd out the government's core spending responsibilities.
While the president was launching yet another culture war, the combatants were agreeing to blow the federal budget sky high.
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.
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 Mark Sanford wants to run a presidential campaign on restraining federal spending, he's in the wrong party.
Those who disagree with Elizabeth Warren's economics tried really hard not to say so during the Dems' first presidential debate
The national debt will hit 140 percent of GDP before the end of the 2040s, and that's the optimistic scenario.
The federal budget situation used to be an emergency. What happened?
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
House Freedom Caucus Too Busy Scolding Justin Amash To Care About Today's Bipartisan Budget Apocalypse
What's the point of a "limited government" bloc that doesn't limit government?
Being a presidential candidate means never having to say sorry for heavy-handed proposals to limit choice and promise free stuff.
America will face "serious economic, security, and social challenges" if the national debt keeps growing at this rate.
An anthology series about sad salesmen, space marines, super-intelligent yogurt, and the national debt
Trump's budget projects 10 straight years of 3 percent growth. If this forecast fails to materialize, it will make the budget deficits worse than projected.
The 2020 presidential candidate ran on spending cuts, troop withdrawls, and means-testing Social Security while primarying an incumbent Democrat 7 years ago.
Once you get past the rosy economic expectations, it's clear that Trump's budget is not a serious effort at fiscal restraint.
And the real outcome is likely to be worse, since the budget relies on overly rosy assumptions about future economic growth.
Beto O'Rourke-who won't call himself a "progressive," let alone a "democratic socialist"-is expected to jump into the presidential race.
A new report predicts Medicare spending will rise faster than private health care spending.
New Bipartisan Spending Deal Includes Billions More for Border Barriers, TSA, and Everything In Between
With the federal government $22 trillion in debt, Congress has decided to spend more money.
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.
A year after the tax law, growth is up but tax revenue is down.
Proponents of jacking top marginal income tax rates such as AOC ignore how hard it is to actually boost revenue over the long haul.
You can't have it both ways.
The fight over PAYGO is about whether Democrats will pretend to care about the deficit.
Our fiscal problems aren't going away. In fact, they're getting worse.
Departing congressman warns against populism, "cult of personality," "post-truth" politics, and a government spending addiction that threatens to drive the American civilization "extinct."
Get ready for permanent low growth, a stifled entrepreneurial spirit, and high unemployment.
He's probably not wrong.
You have come to the right place for CBO death porn.
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.
In the long term, deficit-financed tax cuts would be a drag on the economy.