by Kathryn Anne Edwards For more than two decades, America has pursued a policy as costly as the New Deal of the 1930s or the Great Society of the 1960s, […]
Tag: federal deficit
With apologies to drunken sailors
The Biden budget deficit this fiscal year probably will exceed $1.6 trillion. This from a president who has repeatedly tried to pass himself off as a fiscal hawk. But it […]
A taxing time: Outrageous government spending
Was it as bad for you as it was for me? Sending Washington money we earn, but Washington doesn’t, I mean? It’s not just being part of half the nation […]
Take seriously the threat of a fiscal breakdown
The latest projections from the Congressional Budget Office repeat a warning made many times before: The trajectory of U.S. government borrowing is unsustainable. Washington, fixated on this year’s elections, isn’t […]
America blew almost $2 trillion. Make it stop
by Kathryn Anne Edwards The U.S. federal budget seems out of control. Funding spats and debt-ceiling standoffs routinely threaten to force defaults and shutdowns. America’s once-unassailable credit rating keeps slipping. […]
Makes economic sense to expand CTC
by Karl W. Smith Congressional leaders are reported to be close to a deal that would restore President Joe Biden’s 2021 expansion of the child tax credit in exchange for […]
National debt: The sky IS falling
The headline in Tuesday’s New York Times caught my attention: “The Debt Matters Again.” The article by German Lopez draws attention to the growing problem of the national debt, which […]
New speaker on to something with debt commission
Getting the nation’s soaring debt under control should be a national priority. But many special-interest groups don’t agree. Recently, newly elected House Speaker Mike Johnson told his colleagues that he […]
Congress fails on budget — again
The stunning rebuke of Kevin McCarthy as House Speaker is yet another indication of the dysfunction of Congress. In this case, the House Republican majority was overruled by eight far-right […]
The federal gov’t is a fiscal mess
Decades of excessive spending, paid with debt, are hitting America’s credit rating. On Aug. 1, Fitch Ratings downgraded the United States federal government’s rating from AAA, the best, to AA+, […]
