More spending means more debt and more future taxes.
Debt and Deficits
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.
Remember when $1 trillion annual deficits were worryingly large? Last month’s budget gap was $864 billion.
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.
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.
"The more we lock down the economy, the more we harm those individuals who are most vulnerable, who don't have the cash cushions or the white-collar jobs that allow them to keep going."
The war between Openers and Closers shouldn't be seen as a fight between idiot death-worshippers and unnecessarily frightened tyrants.
And more coronavirus stimulus spending could send that number soaring higher.
This will not end well.
The Club for Growth prides itself on holding lawmakers accountable "by publicizing their voting record." Except, well…not right now.
The Kentucky Republican took on Donald Trump and Nancy Pelosi to fight against the $2 trillion coronavirus spending package. He's just getting started.
The CARES Act plunges the nation into a crash course on experimental economics.—and we're the lab rats.
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.
Instead of taking a little off the top, Trump needs to give farm subsidies a buzz cut.
The National Debt Is 'Unsustainable' and the Pentagon's Finances Are a Total Mess, Federal Audit Says
"Absent policy changes, the federal government continues to face an unsustainable long-term fiscal path," America's top auditor warns. But is anyone listening?
And whether it balances at all depends on some creative accounting. Meanwhile, it proposes $2 billion in new spending on the border wall.
Plus: Josh Hawley's latest terrible idea, sex work divides NOW, Gary Johnson's 2020 endorsement, and more...
The president likes things big, so that apparently applies to government budgets too.
A new report shows federal budget deficits pushing past $1 trillion for the next decade.
The elimination of three health care taxes will increase the deficit by $373 billion.
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.
We've got a lot of problems with you people.
A range of libertarian-world approaches to the impending trial of Donald Trump
Former South Carolina congressman and governor, who'd been running on debt/deficits, says impeachment has sucked all the oxygen out of the room.
The senator took a lot of heat five years ago for being anti-interventionist in Syria yet pro-war against ISIS.
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 president doesn't understand the difference between a budget deficit and a trade deficit.
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.