deficit spending

Social Security Has About One Decade Left – HotAir

This is a conversation that comes up in Washinton every few years before it fades away without anything being done about it. The clock is ticking for the Social Security system. It’s still solvent for the moment, but at the current rate of retirement for senior citizens and the shrinking number of young people entering […]

Biden’s State of the Union Address Claims

President Joe Biden delivered his 2024 State of the Union address in the House Chamber of the U.S. Capitol on Thursday night. During the 67-minute speech, frequently interrupted by applause from fellow Democrat senators and members of Congress, Biden spoke on a wide range of issues, from border security and the economy to abortion and […]

Here’s Why Trends in Federal Spending Raise Fears for Economy

Both chambers of Congress are locked in fierce battles over spending legislation. A “supplemental” package has found bipartisan support in the Senate after the removal of flawed border and immigration provisions. However, its $95 billion price tag—$60 billion of which would go to Ukraine—means there will be stiff resistance in the House. Meanwhile, Congress is […]

Sensible Solutions to 3 Causes of Government Shutdown Standoffs

We’re in a new year, but the headlines from Capitol Hill feel old. Once again, Congress has been debating its annual spending bills. And once again, a fiscal deadline looms: There will be a partial government shutdown on Friday unless Congress passes something in time. Considering that the gross national debt is now more than $100,000 for […]