A new analysis projects that private capital, wages, and America's GDP will fall over the next three decades if Congress passes the $3.5 trillion reconciliation package. But at least government debt will grow!
The plan would make a liar out of Biden on a level reminiscent of George H.W. Bush's betrayal of his "read my lips" tax pledge.
How spending got out of control and words lost their meaning.
Without policy changes, beneficiaries will receive only 78 percent of what was promised starting in 2034.
The health program won't be able to pay all of its bills starting in 2026, according to a new Trustees report.
To spend a lot of money, or to spend a lot more money? That is the question.
A minority of the population picking up the tab would be dangerous if the situation were to last.
A U.S. agency spent 13 years documenting our government's failure to stabilize or rebuild the country.
Setting aside the harassment claims and the nursing home debacle, the Cuomo administration’s inability to run a minimally functional rent relief program should forever end his reputation as a competent executive.
As it turns out, state and local tax revenues hardly collapsed.
The Senate just passed a $1.2 trillion bipartisan infrastructure bill—and teed up another $3.5 trillion bill in the process.
A CBO report that might have sunk legislation in an earlier era was greeted with a bipartisan shrug.
The bipartisan infrastructure deal that's expected to pass the Senate this week would spend $65 billion on broadband projects, including more than $40 billion for largely unnecessary municipal broadband efforts.
Amtrak's funding will double under the bipartisan infrastructure bill, while Amtrak passengers will have to put up with more rules.
As inflation increases, we need a low-debt environment.
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.
Plus: Strip clubs help reduce crime rates, tariffs fail to achieve their primary political purposes, Jeff Bezos goes to space, and more.
The idea of attaching fewer strings to government assistance is gaining currency.
Plus: The growing trust gap, pandemic-low unemployment numbers, and more...
It would require our enormous government to become less gluttonous with the people's resources.
The spending proposal is likely to be offset by gimmicks and rosy assumptions.
Are you ready for 30 percent cuts in benefits to keep the program alive?
More than 30 venues, some of which predate the Olympics but many of which were purpose-built at public expense, will be occupied solely by coaches, athletes, and judges.
Congress approved $25 Billion in emergency rental assistance in December. Only 6 percent of that money has been spent so far.
We don't have a gridlock problem. We have a spending problem.
Biden's infrastructure package is really a jackpot for public unions and big business.
It must be nice to have Washington's pile of taxpayer cash on your side.
The hasty work behind the PPP and other relief loans shows the limits of big government.
President Joe Biden announced today that he'd reached an agreement on an infrastructure package with a group of 10 moderate senators.
For many elected Democrats, infrastructure is much more than roads, bridges, dams, and waterways.
A bill approved by the Senate’s Committee on Commerce, Science, and Transportation would give the money-losing rail company $19 billion over 5 years.
A bipartisan bill aimed to help the U.S. “compete” with China would only slow down scientific progress.
And as many as 75 percent of middle income households face a tax increase under Biden's plan, even though the highest-earning households will pay the vast majority of the costs.
It’s a jobs plan that isn’t about jobs, and an infrastructure plan that isn’t about infrastructure.
Six different states are already suing over a broad prohibition on tax cuts that was slipped into March's $1.9 trillion COVID relief bill.
The president is doubling down on bad regulations that raise labor and material costs of federal infrastructure projects.
A new study finds that as the government expands, the private sector shrinks.
Crashing website and impenetrable government bureaucracy greet the tenants and landlords trying to access billions in federally funded rent relief.
The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.
The company's 15-year "Corridor Vision" also asks Congress for the power to sue private railroads that don't prioritize its passenger trains.
For the president, the spending is the point.
The Biden administration wants to give $5 billion to jurisdictions that deregulate their housing markets.
In Biden's plan, the government would consume a historically large share of the economy—and those taxes still wouldn't be enough to pay for everything
Nestled in the $1.9 trillion emergency spending bill passed in March was a bailout for unions' private pension funds.
No country gets out of poverty through redistribution of income.
The calls to implement such a plan are based on incorrect assumptions and a passive media.
The Paycheck Protection Program moved billions of dollars out the door incredibly quickly. A lot of it went to the wrong people.
California has a $75 billion budget surplus, but federal taxpayers are about to send the state $27 billion in additional aid.
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