The U.S. Government's Bad Credit Means Higher Costs for Us All
Federal officials ignore repeated warnings, and we all pay the price.
Budget Deficit
The U.S. Credit Rating Just Dropped. It's Time for Radical Budget Reform.
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.
Ron DeSantis' Unconvincing Economic Reset
Though an improvement over his obsession with wokeness and culture wars, DeSantis can't seem to ditch the populist demagoguery.
U.S. Credit Rating Downgrade Is a Sign of Government Dysfunction
The national debt has ballooned from $14 trillion to $32 trillion in a little over a decade.
'Bidenomics,' Like All Industrial Policy, Sucks
Plus: Does Tom Cruise really do all of his own stunts?
'Bidenomics' Is Nothing New
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
CBO Projects Huge Deficits, $116 Trillion in New Borrowing Over the Next 30 Years
A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the federal government's reckless borrowing.
The Debt Ceiling Deal Does Not Go Nearly Far Enough
Projections of huge savings are making the rounds. Nothing could be further from the truth.
Conservatives Rage Against Debt Ceiling Bill: 'Not One Republican Should Vote for This'
But a lot of Republicans probably will.
Taxing the Rich Will Have No Meaningful Effect on Our Sky-High National Debt
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.
There Is No Party of Immigration in American Politics
Plus: A listener question concerning the key to a libertarian future—should we reshape current systems or rely upon technological exits like bitcoin and encryption?
Did California Gov. Gavin Newsom's Luck Finally Run Out?
After getting lucky for his first few years in office, Newsom now faces his first major budgetary crisis. How he responds will show a lot about his leadership skills.
The Debt Ceiling Fight Is a Reminder of America's Dire Fiscal Future
The longer we wait to address our debt, the more painful it will be.
Biden Falsely Bragged About Lowering the Budget Deficit. Now, It Is Predictably Rising Again.
Last year, Biden was trying to take credit for "the largest drop ever" in the federal budget deficit. Now, the deficit is almost three times as large as it was a year ago.
The Clock Is Ticking: U.S. Could Default on Debt Payments by June 1
It's time for President Joe Biden and House Speaker Kevin McCarthy to strike a deal that will avoid a default and cut spending.
Joe Biden Wants 4 More Years 'To Finish the Job.' What Job?
Plus: A listener question scrutinizing current attitudes toward executive power
The House GOP Debt Ceiling Plan Would Restore Spending Caps. Good.
The most important part of the Limit, Grow, Save Act is the limits.
The Biden Administration Reduced the Debt-to-GDP Ratio in the Worst Possible Way
The main driver behind the reduction is inflation—inflation that politicians created with their irresponsible spending.
These Members of Congress Have a Revolutionary Idea: Write and Pass a Budget the Old-Fashioned Way
A return to so-called normal order wouldn't fix all of Washington's many problems, but it would be a step in the right direction.
Nobel Prize–Winning Economist: Democrats Are Committed 'To Spending Other People's Money'
Vernon Smith weighs in on Biden's budget, how government causes inflation, and why bailing out Silicon Valley Bank was a bad idea.
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.
Congress Hasn't Passed a Budget on Time in 27 Years
Congress' end-of-year rush to fund the federal government has become the norm.
Biden's New Budget Would Hike Taxes and Wage Class Warfare
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Joe Manchin Is Once Again Telling Republicans and Democrats What They Don't Want To Hear
But it's exactly what they need to start talking about.
Paul Krugman Says Social Security Is Sustainable. It's Really Not.
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.
Social Security and Medicare Cuts Are Coming, Whether Politicians Do It or Not
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
Under No Circumstances Did Joe Biden Save Social Security
Plus: a listener question on prohibition and a lightning round on the editors' favorite Super Bowl moments
The Fight Over the Debt Ceiling Is Just Beginning
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
Biden Promises To Let Social Security's Ship Keep Sinking
Biden vowed to block any attempts to cut Social Security benefits, and Republicans made it clear that they have little appetite to try it.
The GOP's Current Plan To Cut Spending Is a Political Failure
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
Cutting Government Back to Last Year's Size Shouldn't Be 'Impossible' or 'Severe'
Taking stock of the utterly unserious fiscal policy discourse in Washington.
To Win the Speakership, Kevin McCarthy Had To Promise To Cut Spending. Good.
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.
Congress and the Federal Reserve Could Be Setting Us Up for Economic Disaster
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
Why Does Funding Government Take $1.7 Trillion and 4,000 Pages?
Plus: Title 42 order termination is on hold, the FTC vs. Meta, and more...
The Annual, Depressing 'Do Your Job Week' in Congress
Plus: The editors extend the discussion on the lack of immigration reform in this week’s bill.
November's $249 Billion Federal Budget Deficit Set a Record. Now, Congress Is Preparing To Spend Even More.
The government spent $501 billion in November but collected just $252 billion in revenue, meaning that about 50 cents of every dollar spent were borrowed.
Congress' Lame-Duck Legislators Want To Spend Money Like We're Still in a Pandemic
It's especially outrageous when considering the billions of dollars in fraud that took place thanks to COVID-19 relief programs.
Biden's Spending Spree Is Unprecedented
Instead of redirecting course, Biden is continuing Trump’s spending legacy.
A GOP-Led Congress May Focus on Owning the Libs. Instead, It Should Focus on Owning Inflation.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
The Political Class Has Consistently Ignored Warnings of Fiscal Doom. Now Americans Are Paying the Price.
Warnings of inflation and rising interest rates have long been tied to high and rising debt levels.
Here's Why Biden Is Wrong About the Deficit
His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.
Expected Interest Rate Hike Will Add $2 Trillion to the Deficit
So much for the idea that low interest rates meant the government could borrow endlessly with no consequences.
The U.K.'s New 'Free Market' Prime Minister Is Fighting Inflation With Price Controls
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
As Inflation Soars, Biden Hosts Cringey Concert Celebrating the Inflation Reduction Act
James Taylor croons while the stock market burns after another ugly report on inflation.
Biden Reportedly Set To Forgive $10K Student Debt for Americans Earning Over Six Figures
Unsurprisingly, wealthier Americans will be the prime beneficiaries of the White House's soon-to-be-announced student loan forgiveness scheme.
The Inflation Reduction Act Barely Puts a Dent in the Deficit
But it will raise taxes and sic thousands of new IRS agents on American households.
The Disappearing Differences Between Republicans and Democrats on Federal Family Spending
Many conservatives no longer appear to care much for fiscal conservatism.