The U.S. national debt held by the public is currently almost $22 trillion, surpassing the country's annual GDP for the first time since World War II.
The White House is proposing an 8.4 percent boost in discretionary spending, which comes on top of Biden's $1.9 trillion pandemic relief bill, and his proposed $2.3 trillion American Jobs Plan.
Legislators view the disease as a license to spend like there’s no tomorrow.
Biden's recovery plan is a poorly targeted effort that would make the economy worse off in the long run.
Research suggests reducing spending will boost consumption in the short- and long-run.
Even in a healthy economy, rising debt and deficits posed challenges. The current crisis has magnified those problems.
And more coronavirus stimulus spending could send that number soaring higher.
The Mercatus economist on why the private sector could provide the best response to the coronavirus, why the government should go big anyway, and how the current crisis could help America reinvent itself.
A year after the tax law, growth is up but tax revenue is down.
He's made the party's economic agenda an extension of the culture wars.
The party's commitment to fiscal restraint and limited government have vanished
The GOP would be on higher ground if it stood on principle for a tax code that treats everyone the same.
Nicholas Kristof conflates the fate of federal subsidies with the fate of the humanities.
The former Arkansas governor argues that federal subsidies for the arts are "essential," because creativity.
During PBS debate with Green Party candidate Jill Stein, the Libertarian candidate shows his fangs.
Remove the Libertarian and there goes fiscal sanity, federalism, and free speech.
Is your state insolvent?
Congress pisses down our backs and tells us it's raining.
States must confront pension costs.
Good government measures can reduce unemployment during a recession.
A look back on its development over the last five years.
Another budget squabble not far away
If the "consent of the governed" is a sacred American principle, how does the government borrow money in our names and compel us to repay the debt?
If we're to get even close to balancing the books, "mandatory" spending is in for deep cuts.
Not because of toxic mortgages