US Debt Forum Articles

Biden’s Deficit Spin

In recent speeches, President Joe Biden has been misleadingly taking credit for cutting federal deficits by historic amounts, though most of the reduction in deficits is the result of expiring emergency pandemic spending. Deficits fell between fiscal year 2020 and 2021 far less than initially projected after Biden added to them with more emergency pandemic […]

How the covid-19 pandemic affected national debts

This is the full transcript for episode 2 of season 3 of the Quartz Obsession podcast, National debt: Acceptable imbalance. Kira Bindrim: You could be forgiven for thinking that hanging onto debt, any debt, is a bad thing. When people go into debt, like many do to attend college, make major purchases, or put a down payment on a home, they’re often […]

Government spending and the fight to lower taxes

For many of us, filing our taxes this year has felt like adding insult to injury. Government spending has created an inflation crisis the likes of which we haven’t seen in forty years. Americans are paying more for just about everything. Gas prices at some stations in Minnesota are now topping $4 a gallon. Essential […]

A bill to cut billions in government waste

With millions of people filing their federal taxes this week, it’s a good time to check in on the nation’s finances. Last year, the federal government ran a nearly $2.8 trillion deficit. That pushed publicly held debt to an incomprehensible $24 trillion , or more than $70,000 per person. Washington is projected to spend at least $1 […]