The U.S. Government's Bad Credit Means Higher Costs for Us All
Federal officials ignore repeated warnings, and we all pay the price.
Federal officials ignore repeated warnings, and we all pay the price.
The injunction is the latest in a series of setbacks for the Biden administration's loan forgiveness agenda.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.
The company blames much of its problems on the Teamsters trucking union's "intransigence," while the Teamsters say Yellow is delinquent on benefit payments.
Should the U.S. continue to bankroll the counteroffensive?
Since Congress designed and implemented the last budget process in 1974, only on four occasions have all of the appropriations bills for discretionary spending been passed on time.
The national debt has ballooned from $14 trillion to $32 trillion in a little over a decade.
People see a continuing role for the space agency, but mostly in national defense.
Reason reported last month that with less than two years left on its loan, Yellow Corporation owed more than it originally borrowed and had repaid only $230 in principal.
Balanced federal budgets aren’t even considered as a possibility.
The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise.
The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion.
The 2013 bankruptcy filing didn't make the city more prosperous, more functional, or less corrupt.
Plus: Does Tom Cruise really do all of his own stunts?
The spate of forgiveness reconciles administrative errors when carrying out changes to income-driven repayment plans.
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
Fault lines emerge as government gets involved in America's weirdest, fastest-growing sport.
Biden wants to use the Higher Education Act of 1965 to forgive student loans. But that plan has major issues.
Biden plans to slash minimum monthly payments to just 5 percent of borrowers' income.
Many politicians offer a simplified view of the world—one in which government interventions are all benefits and no costs. That couldn't be further from the truth.
The fight over the debt ceiling has foreshadowed how the policy debates of the presidential election cycle are likely to go.
Biden's proposed income-driven repayment plan could still cost taxpayers billions. And it will likely raise tuition too.
Plus: Fewer cops, less crime; free beer; and more....
The article goes over the main reasons why the Court's decision was justified.
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the federal government's reckless borrowing.
Global warming is an issue. But there are other pressing problems that deserve the world's attention.
After losing more than $100 million in a single year, Yellow Corporation got a $700 million pandemic assistance loan from the government. It has only paid $230 on the principal.
A new audit says one out of every $6 distributed by the Small Business Administration during the pandemic was stolen.
More than 90 percent of Americans already have access to high-speed internet.
The Mars Sample Retrieval program is now estimated to cost double than what was originally projected.
We once ranked No. 4 in the world, according to the Heritage Foundation. Now we're 25th.
Plus: Was Gerald Ford right to pardon Richard Nixon?
Unlike Democrats, Senate and House Republicans have released proposals that would actually tackle the root causes of increasing student loan debt.
A new Associated Press analysis of government data suggests 10 percent of all COVID aid was lost to fraud or theft. That figure will likely grow.
Contradicting a new report funded by entertainment industry advocates, state auditors have cast significant doubts on the tax credit program's actual effectiveness.
Projections of huge savings are making the rounds. Nothing could be further from the truth.
A new working paper finds that borrowers whose loan payments were paused actually had more debt at the end of 2021 than those whose loans were never paused.
New work requirements will target those over age 50, but the debt ceiling deal also loosens existing work requirements for those under age 50.
If the debt ceiling bill passes, the Education Department will be barred from extending the student loan repayment pause yet again.
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
But a lot of Republicans probably will.
Plus: A listener question cross-examines prior Reason Roundtable discussions surrounding immigration, economic growth, and birthrates.
Plus: Artificial intelligence and jobs, how government caused a lifeguard shortage, and more...
The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.