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TAG: government spending

U.S. government revenues hit record highs

In his New York Times newsletter, business reporter Peter Coy in September argued that the only real solution for the nation’s rising debt crisis is “more tax revenue.” In other words, the government needs to take more money from Americans who work for a living. Coy, to his credit, ...

Congress didn’t solve the big issues

by Carl P. Leubsdorf The new House speaker, Mike Johnson, gave federal workers, U.S. troops and the American people a Thanksgiving and Christmas present: no government shutdown for the rest of the year. But the way he did it last week probably won’t make for a Happy New ...

Biden is failing as a steward of public money

When it comes to spending other people’s money, the Biden administration has only one setting: more, more, more. Lost amid recent world events and the $100 billion White House spending proposal for aid to Ukraine, Israel and elsewhere, was an administration demand last month that ...

Dracula and spending cuts

Among the top priorities for newly selected House Speaker Mike Johnson (R-La.) was his announced intention to form a bipartisan panel to cut massive spending that has led to an unsustainable $33 trillion national debt. The pragmatist in me cheers, but the cynic in me says asking Congress to ...

McCarthy declares victory, but Biden may be the real winner

by Carl P. Leubsdorf In announcing their compromise agreement to extend the debt ceiling and avert a potential economic catastrophe, both President Joe Biden and Speaker Kevin McCarthy claimed victory.  But Biden’s triumph is likely to prove more significant because the deal ...