Trump's farm bailouts have cost taxpayers more than $28 billion already, and he just announced another $14 billion in payments as part of his reelection pitch to farm-heavy states.
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The Congressional Budget Office warns that higher levels of debt will slow economic growth significantly in the years ahead.
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.
The COVID-19 pandemic will strain some state budgets, but you shouldn't believe the predictions about catastrophic cuts.
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.
Whether Biden or Trump wins this November, we're in for big, unaffordable government. How much bigger and how unaffordable are the only real questions.
Abolishing fares could lead to even more federal aid for L.A. Metro, which has already received a $861.9 million bailout this year.
The Next Coronavirus Stimulus Plan: More Spending, Smaller Unemployment Benefits, and Tax Breaks for Going Out To Eat
Senate Republicans announced Monday that the federal government will pay an additional $200 per week in unemployment benefits. The $600 per week benefits boost will expire on July 31.
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Trump Administration Data Claims Coronavirus Relief Program Saved Tens of Thousands of Jobs That Probably Don't Exist
White House brags about the supposed success of the coronavirus relief program are based on shoddy data.
Did Trump's Coronavirus Stimulus Save 51 Million Jobs? The Claim Relies on Shaky Math and Questionable Economics.
Even if it's true, taxpayers paid $58,000 for each saved job.
A program designed to keep workers on payrolls showered benefits on lobbyists, advocacy groups, and even members of Congress.
Do you appreciate the incompetence, in-fighting, obstructionism, authoritarianism, and waste that you pay for?
As much as $1.4 billion might have been paid to deceased Americans. The IRS says that money must be returned.
Members of Congress may have benefited from small business funds, and government watchdogs are warning that the program appears susceptible to fraud.
An economic response to COVID-19 that's fiscally responsible.
Most of the items included in the CDC's 2021 budget request are important, serious matters. But many have nothing to do with the agency's mission.
The Next Coronavirus Stimulus Bill Is Here. It's a $3 Trillion Spending Plan That Bails Out States and the Post Office.
The new bill includes another round of stimulus checks for all Americans, funds additional coronavirus testing, and spends billions to bail out states and government agencies straining under pension debt.
Before spending another dollar, Congress should make sure someone is keeping an eye how the largest pile of government cash in American history is being spent.
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."
This will not end well.
The election committees of both parties use the same language to attack Rep. Justin Amash (I–Mich.).
The Club for Growth prides itself on holding lawmakers accountable "by publicizing their voting record." Except, well…not right now.
"We have the capacity to keep this contained," Mayor Bill de Blasio told New Yorkers on March 2.
A lot of industries and individuals are suffering right now. A select few corporations are getting big bailouts.
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Plus: COVID-19 in prisons and jails, Trump campaign threatens TV stations, state disparities in new coronavirus cases, and more...
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.
If it works at all (and it usually doesn't), a fiscal stimulus is meant to boost demand. The biggest potential economic problem from coronavirus has to do with supply.
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?
It’s a testament to fiscal irresponsibility.
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