Recent Inflation Figures Should Not Be Ignored by Policymakers
The sharp increase in consumer prices this spring may be a blip but may also be a sign that inflation is returning as a chronic problem. For those of us…
An Unnecessary “Stimulus”
In two Defining Ideas articles in 2009, “Who’s Afraid of Budget Deficits? I Am” and “Furman, Summers, and Taxes,” I criticized Lawrence Summers and Jason Furman, two prominent economists who worked in the Obama administration, for…
America’s Excessive Government Spending Must Stop
STANFORD – Many in Washington now seem to think that the US federal government can spend a limitless amount of money without any harmful economic consequences. They are wrong. Excessive…
New Budget Reconciliation Resolution Portends Dangerous Debt Trends
Congressional Democrats are currently using the budget reconciliation process to advance President Joe Biden’s $1.9 trillion COVID-19 relief and stimulus measure, the American Rescue Plan. The budget reconciliation process can…
Why Did the Deficit Just Top $1 Trillion? Here’s Another Clue For You All
The Congressional Budget Office reported on Tuesday that, with one month to go, the federal deficit for fiscal year 2019 has already topped $1 trillion. As night follows day, Trump…
No, The Deficit Isn’t ‘Soaring,’ And Yes, Tax Revenues Are At Record Highs
Investor’s Business Daily In the first two months of the new fiscal year, tax revenues are up. But so is the deficit. Why? Because spending continues to outpace revenues. So…
CBO: Repealing Obamacare’s Individual Mandate Would Reduce Deficit By $338 Billion
By Ali Meyer • Washington Free Beacon Repealing the Affordable Care Act’s individual mandate would reduce the federal deficit by $338 billion in the next decade, according to a projection…
President Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
by Ali Meyer • Washington Free Beacon President Donald Trump’s proposed budget for 2018 would reduce the deficit over the next decade by $160 billion and increase GDP at the…
CBO: Government Spending Projected to Drive Up Debt to Record-High Levels
by Ali Meyer • Washington Free Beacon The Congressional Budget Office issued its latest budget and economic outlook: Government spending is projected to outpace federal tax revenues over the next…
CBO: Federal Debt to Hit $28.2 Trillion Over Next Decade
by Ali Meyer • Washington Free Beacon Outstanding federal debt is projected to hit $28.2 trillion over the next decade, according to a report from the Congressional Budget Office. At…
Federal Tax Revenues Set Record Through April
by Terence P. Jeffrey Federal tax revenues continue to run at a record pace in fiscal 2014, as the federal government’s total receipts for the fiscal year closed April at $1,735,030,000,000,…
5 years later: How’s that Wreckovery working out for ya?
by Michelle Malkin On Feb. 17, 2009, President Obama promised the sun and the moon and the stars. That was the day, five years ago, when he signed the $800…
Federal Debt Jumped $409 Billion in October
And Obama said that increasing the debt limit didn’t increase debt. The debt of the federal government, which is normally subject to a legal limit, jumped by $409 billion in…
Who Has Done the Most Damage?
by Dennis Prager I have been broadcasting for 31 years and writing for longer than that. I do not recall ever saying on radio or in print that a president…
‘Debt Ceilings’ Actually Do Increase Debt
by Gary Becker and Edward Lazear The recent wrangling in Washington over the debt ceiling, with both sides promising to return to battle early next year, never got around to…