Rumors are swirling that Republicans are weighing a tax hike on $1 million-plus earners. This would create a brand new top rate of 40 percent or even higher. Such a GOP-sponsored tax increase would be an excellent tool — provided…
Congressional Budget Office projections provide valuable insights into how a big chunk of your income is being spent and reveal the long-term consequences of our government’s current fiscal policies — you may endure them, and your children most certainly will….
If you are a borrower seeking a loan from a lender, you might want to secure a loan as far out in time as is prudent, given the nature of what the borrowed money will be used for. If you…
Over the years, I’ve offered many explanations about why the trajectory of the national debt is deeply troubling. At this point, though, my worry isn’t rooted in a dogmatic adherence to the principles of a balanced budget. Nor does it…
Remember when Republicans on the campaign trail would talk about how they would make sure to put the U.S. on a fiscally sane path? I miss that time. While a few of the current crop have paid lip service to…
With U.S. government revenues rising, 2023 might have been a good year for Congress to get America’s post-COVID-19 finances on track, but the budget deficit is still growing. You can thank overspending for this. It’s also the reason we’ve had…
As part of the Inflation Reduction Act of 2022, the Centers for Medicare & Medicaid Services (CMS) gained the authority to negotiate the price the government pays for prescription drugs. Recently, the CMS released a target list of 10 drugs…
President Biden often brags how “Bidenomics” is succeeding. Every word he says about the American economy is a lie. We are surrounded by evidence that Bidenomics is a failure. Inflation — having reached 9.7 percent continues to be high and…
We have a debt-ceiling deal. It’s a relief for most people. This deal avoids a default and the need for the Department of the Treasury to make hard choices over which bills to pay. It gives Republicans the sense that…
