Mike Pence's Sensible (and Probably Doomed) Plan To Fix the National Debt
Lawmakers must be willing to reform so-called "mandatory spending," Pence's nonprofit argues in a new document.
Lawmakers must be willing to reform so-called "mandatory spending," Pence's nonprofit argues in a new document.
The campaign promise from Donald Trump sounds nice, but it would be disastrous when considering the program is already racing toward insolvency.
Facing an economic downturn in the 1990s, Japan racked up debt. America should not repeat that mistake.
Should we blame Biden and the politicians applauding him for their unwillingness to address our looming fiscal disaster?
It's good to hear a candidate actually talk about our spending problem. But his campaign promises would exacerbate it.
The candidate supports gun rights, wants to privatize government programs, and would radically reduce the number of federal employees.
We asked delegates at the Republican National Convention whether a second Trump term would address America's debt problem.
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
Both parties—and the voters—are to blame for the national debt fiasco.
Opening night of the Republican National Convention programmed a central issue with a Trumpian twist: "Make America Wealthy Again."
Both parties—and the voters—are to blame for the national debt fiasco.
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
The national debt has become an alarm bell ringing in the distance that people are pretending not to hear, especially in the city that caused the problem.
"Period during which America's national debt was about $75 million"
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
Plus: A listener asks if there are any libertarian solutions to rising obesity rates.
We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
The average American will lose between $5,000 and $14,000 annually by 2054 due to the burden of the growing national debt.
Why aren't politicians on both sides more worried than they seem to be?
Lawmakers should be freed from "the dead hand of some guy from 1974," says former Congressional Budget Office director.
The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.
If businesses don't serve customers well, they go out of business. Government, on the other hand, is a monopoly.
There are many pervasive myths about the U.S. tax code. Here are a few.
Governments around the world have been on a borrowing spree, and prosperity has suffered.
Plus: A listener asks about the absurdity of Social Security entitlements.
The growing debt will "slow economic growth, drive up interest payments," and "heighten the risk of a fiscal crisis," the CBO warns.
If you can't even get close to balancing the budget when unemployment is low, tax revenues are near record highs, and the economy is booming, when can you do it?
The government needs to cut back on spending—and on the promises to special interests that fuel the spending.
The total appropriations package would cut $200 billion over 10 years, as the national debt expands by $20 trillion.
"I'm concerned about a Trump-Biden rematch," argues Riedl. "You have two presidents with two of the worst fiscal records of the past 100 years."
Next week, Congress will have to choose between a rushed omnibus bill or a long-term continuing resolution that comes with a possible 1 percent spending cut.
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
Three things to know about the new Congressional Budget Office report on the growing federal deficit.
Biden's economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.
The reality raises questions about the kind of future we want to leave for the next generation.
Reagan's former budget director says Donald Trump killed prosperity—and the GOP's core beliefs in capitalism and freedom.
They will either reduce the ability to spend money or to cut taxes.
Rosy fiscal expectations based on eternally low interest rates have proven dangerously wrong.
Rosy fiscal expectations based on eternally low interest rates have proven dangerously wrong.
The federal government is borrowing money at a mind-spinning rate, and you can't blame it on the COVID-19 pandemic anymore.
Plus: State officials attempt to ban Donald Trump from 2024 election ballots.
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
Congressman Thomas Massie discusses his "no" votes on foreign aid, COVID-19 relief, and labeling anti-Zionism antisemitism on episode two of Just Asking Questions.
Plus: Elon Musk's mom tells off the FCC, A24 tackles civil war, Nate Silver talks F.A. Hayek, and more...
Every dollar wasted on political pork, fraud, and poorly considered infrastructure makes the country’s fiscal situation even worse.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?