Like the swallows to Mission San Juan Capistrano and the buzzards to Hinckley, Ohio, the doves on government debt have returned to Washington. And in a big way. The numbers tell the story. Last year, in the face of a once-in-a-century health emergency, a Republican president pushed massive spending bills that pushed the federal deficit […]
“As President Joe Biden unveils his own ambitious spending plans, it is worth asking if the national debt is finally going to have its moment.” In normal times, the national debt is something of a losers’ issue—a political cudgel used by the party currently out of power (or ardent libertarians, who are always out of […]
The same senators who added trillions to the debt with massive tax cuts for the rich are now complaining about debt — while trying to make those tax cuts permanent. As Senate Republicans complain that President Joe Biden’s $2.25 trillion American Jobs Plan would add too much to the national debt, some are acknowledging that […]
Republicans rediscover their concern for the national debt. Republicans who voted to grow the national debt under former president Donald Trump are trumpeting fiscal conservatism again during a Democratic presidency. (JM Rieger/The Washington Post) Over the past month, Senate Republicans have acknowledged something that would have been anathema a decade ago: Debt and deficits not […]
SATIRE — The U.S. made history this week in passing a first-of-its-kind bill that aims to conquer the national debt once and for all. The bill H.R. 1337, known as the Taking Heed of America’s Nightmarish debt by Killing Matt Act, or “THANKS Matt,” will completely redefine how the federal government tackles its $28 trillion […]
Those $1,400 stimulus checks sent by the feds brought people some smiles. The checks accounted for about $410 billion of the entire $1.9 trillion stimulus, according to the Wall Street Journal. After all this federal largesse, our national debt sits at around $28 trillion. A lot of political agendas are pushed with exaggerations to drive […]
Fiscal hawks have been sounding the alarm about rising debt levels for decades, but their nightmare scenario of runaway inflation hasn’t come to pass. How do we know if this time is different? In 2010, when former White House Chief of Staff Erskine Bowles and former Sen. Alan Simpson (R–Wyo.) were appointed to co-chair President […]
President Joe Biden’s wide-reaching, $2.25 trillion proposal includes investments in roads, bridges and green energy. A top Republican in the United States Senate has urged President Joe Biden to scale down his ambitious, $2.25 trillion infrastructure bill, which includes investments in roads, bridges, elderly care and green energy. In an interview with ABC News programme […]
Unless we start getting our fiscal house in order now, we will soon be at the mercy of our creditors. Somebody needs to remind President Biden about the Golden Rule — the real Golden Rule: He who has the gold makes the rules, and we are clean out of ducats. Jim Rogers, the famous investor, offered a version […]
The long love affair between investors and U.S. Treasury securities isn’t coming to an end anytime soon. It has been an astonishing decade for the U.S. federal-debt load. From the budget deficits of the Great Recession, to President Trump’s tax cuts, to the spate of large pandemic-relief packages, the federal debt has grown from about $5 […]
