To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
Congress' end-of-year rush to fund the federal government has become the norm.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
In countries that privatized, there are fewer delays and costs are lower. But labor unions and the private plane lobby stand in the way.
Despite his declared commitment to freedom and fiscal conservatism, DeSantis' immigration policies represent a dramatic expansion of government power and spending.
Handouts for tourist-trap museums will be part of the federal funding battleground in the next two years.
Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
Lawmakers should proactively retake the power of the purse from the Consumer Financial Protection Bureau, regardless of how the Supreme Court rules.
But it's exactly what they need to start talking about.
Politicians say they want to subsidize various industries, but they sabotage themselves by weighing the policies down with rules that have nothing to do with the plans.
Congress’ Joint Committee on Taxation reported that a permanent expansion would cost more than $1.4 trillion over a decade.
If Congress wants to spend taxpayer money on child care services, it should pass a bill authorizing that.
A Pennsylvania survey suggests that taxes are often a major barrier to economic security, ranking ahead of credit card debt and student loans.
"If it was an emergency, why wait three years to provide the forgiveness? Why present it in a political framework, as fulfilling a campaign promise?" said one higher education expert.
Krugman sees benefit cuts as "a choice" but believes that implementing a massive tax increase on American employers and workers would be "of course" no big deal.
An escalator in a subway station is considered a "component" but a fire suppression system in the same station is considered a "finished product." Why? Because the bureaucrats say so.
Plus: The National Endowment for Democracy ends funding of conservative media blacklist, the U.S. Supreme Court will hear major internet free speech case, and more...
People can never be made incorruptible. We can, however, design governmental systems filled with checks and balances that limit the temptations.
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
Plus: Age verification for social media, a bill to ban cannabis "gatherings," and more...
"More money can help schools succeed, but not if they fritter those extra resources in unproductive ways," says one researcher.
Plus: a listener question on prohibition and a lightning round on the editors' favorite Super Bowl moments
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
The bipartisan (if shouty!) embrace of big-government nationalism ensures our populist moment won't end any time soon.
These days, he may run for president. His politics have changed.
Biden vowed to block any attempts to cut Social Security benefits, and Republicans made it clear that they have little appetite to try it.
Plus: Court denies motion to suppress January 6 geofence warrant, Texas may ban some immigrants from buying property, and more...
After $67 billion and more than 20 years, the F-22 finally won a dogfight against an unarmed, nearly immobile opponent.
The Florida governor wants to fund more migrant stunts, despite claiming that his budget will “keep more money in the pockets of Floridians.”
If you look closely, you'll find a lot of contradictions.
Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.
Plus: The editors consider the ongoing debt ceiling drama and answer a listener question about ending the war on drugs.
Sen. Rand Paul says Republicans "have to give up the sacred cow" of military spending in order to make a deal that will address the debt ceiling and balance the budget.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
Despite multiple warnings in the past, the Department of Labor has yet to implement a comprehensive strategy for detecting unemployment insurance fraud.
Social Security benefits will be cut automatically in less than a decade unless Congress shores up the program before it hits insolvency. Ignoring that is not a solution.
At least four different bills are before the General Assembly that would empower parents to use education funds in ways they see fit.
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
The actual total is probably higher according to the Government Accountability Office's new report.
Despite what you may have heard, many "recyclables" sent to recycling plants are never recycled at all.
Taking stock of the utterly unserious fiscal policy discourse in Washington.
Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.
While some Republicans may have had misguided motivations, a few disrupted McCarthy's campaign in order to enact fiscal restraint. Their colleagues were fine with business as usual.
Inflation fell to 6.5 percent in December, but new House rules ensure that Congress will have to consider the inflationary impact of future spending bills.
Plus: a lightning round recollection of comical political fabulists
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