How Does the National Debt Affect You? A Budget Expert Explains.
Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.
Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.
Government schools now spend about $20,000 per student.
One of the recipients has filed for bankruptcy after allegedly scamming elderly clients.
Friday's announcement by Moody's and the House Budget Committee vote could have been a turning point.
The Trump administration's plans to slash science funding could end up liberating researchers from the corrupting influence Dwight Eisenhower warned about.
Plus: That big, beautiful bill; Romanian election results; China's pivot to nuclear; and more...
A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.
Plus: A listener asks which domestic policy changes could realistically boost U.S. manufacturing without raising costs for consumers.
Elon Musk promised $2 trillion in cuts but delivered only a tiny portion of that total. We asked seven policy experts to explain what he got wrong.
Lawmakers passed the largest spending plan in state history, pushing costs higher without delivering results.
We don't need more of the same. We need evidence of a serious turnaround.
As he shifts his focus away from DOGE, he acknowledges the need for hard choices and congressional action.
Impoundment, line-item vetoes, and the tricky problem of cutting spending through the executive branch
The budget proposal calls for gutting federal energy funding and environmental justice initiatives.
The White House budget plan says the agency's failure to prove it was not complicit in a possible lab leak shows it's "too big and unfocused."
A scam that uses AI to “enroll” in community colleges to pocket student aid has skyrocketed in the Golden State and across the nation.
When compared to the most likely alternatives, DOGE has cut as much government as one could hope for.
Apparently freezing $2 billion in federal funding wasn't enough.
Republicans often call for cutting off the funds but have never actually done the deed. Here's why this time might—might—be different.
The cost cutter's current projection of annual "savings" is 85 percent lower than the goal he set two months ago—and even that number can't be trusted.
Plus: A listener asks whether or not Thomas Jefferson was right.
That's the highest total outside of the COVID-19 pandemic, and now Congress wants to borrow even more.
The government currently collects revenue in an arbitrary and distortionary manner, with loopholes that benefit special groups.
The Nobel Prize-winning economist says the Iron Triangle of Politics must be defeated to cut down the government for good.
Despite efforts to rein in government debt, gold prices keep rising—suggesting investors aren’t buying the promises of fiscal responsibility.
Republican members of Congress are lobbying to keep the Inflation Reduction Act's tax credits alive.
The past three administrations have tried and failed to implement binding regulations on risky research that likely caused the COVID-19 pandemic.
Farmers will bear the brunt of Trump's trade war. That's a good reason to avoid tariffs in the first place, not an excuse for another bailout.
The Federal Acquisition Regulation requires the right for the government to terminate any federal contract "for convenience."
The Senate minority leader mocked anti-tax, anti-government views held by most Americans.
More education dollars are funding more bureaucrats, who, by and large, are not improving student outcomes.
The U.S., in turn, should cancel the F-35 program altogether.
Dissidents resisting authoritarian regimes should be independent of the United States—and so should their media sources.
Musk's fans and critics will keep debating whether DOGE is revolutionizing government or wrecking important institutions.
Plus: Rate reductions, Apple encryption, the Mahmoud Khalil case, and more...
North Carolina and Virginia have managed to keep quality up and costs down.
The cost-cutting initiative's calculation of "estimated savings" is mostly mysterious, and the parts we know about are riddled with errors.
Since Congress began requiring annual audits in 2018, the Department of Defense has never passed.
The outgoing administration shoveled out loans for projects that private lenders wouldn't fund.
Every cut helps, but that's not where the money is.
The U.S. can defend itself at a lot less expense.
Threats to impeach federal judges who rule against the government are a naked attack on their constitutionally crucial function.
Reform could replace an unsustainable boondoggle with lower costs, more freedom, and better care.
Entitlements are a much bigger expense, but that doesn't mean the waste doesn't matter.
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