National Debt

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 […]

Budget Deal Being Floated Does Little to Curb Spiraling Debt

In May 2023, when then-Speaker of the House Kevin McCarthy negotiated a debt limit deal that included spending limits, the gross national debt stood at just under $31.5 trillion. Conservatives in the House were deeply upset about the debt deal, which contained fraudulent gimmicks to get around the announced spending limits. Less than eight months […]

Biden’s 4 Worst Wastes of 2023

Americans are strongly dissatisfied with the direction of the country and the economy. According to Gallup, just 19% of the public is satisfied with how things are going, compared with 80% who aren’t. Incredibly, consumer sentiment is lower now than it was during the COVID-19 lockdown in 2020. It’s easy to see why. Inflation remains […]