GDP Archives - Page 2 of 2 - The American Spectator | USA News and Politics
by | Sep 24, 2020

America’s national debt now stands at close to $27 trillion. According to a new report by the Congressional Budget Office, by the end of 2020, federal debt held by the public is projected to equal 98 percent of GDP —…

by | Aug 27, 2020

Intellectuals are supposed to speak truth to power. Unfortunately, some seem to be more interested in saying what everyone expects them to say, which only reinforces the status quo. Thankfully, a few scholars are resisting this trend, fighting for what…

by | Aug 13, 2020

When revenue shrinks by 1 percent of GDP and spending increases by 51 percent over 10 months, you get a $2.8 trillion deficit. That figure, according to the Congressional Budget Office, is significantly larger than the deficit Uncle Sam accumulated…

by | Jul 31, 2020

An update on U.S. GDP growth from the Bureau of Economic Analysis has confirmed what many observers were anticipating: the U.S. economy suffered by far its worst contraction on record in the second quarter of this year.  The report, published…

by | Feb 8, 2020

President Trump spoke nearly 6,000 words in his State of the Union address on Tuesday. These included “Space Force,” “Advancing Support for Working Families Act,” and “Artemis program.” The terms “debt” and “deficit” never made it past the blue pen….

by | Sep 11, 2018

Ronald Reagan and Jack Kemp railed against income tax rates crushing the American dream four decades ago. Today, Americans devote almost exactly the same percentage of the economy to healthcare as the federal government received in taxes 40 years ago….

by | Feb 21, 2018

“National healthcare spending trends are unsustainable in the long term,” President Donald Trump’s budget acknowledges. An article published earlier this month in the medical policy journal Health Affairs buttresses this simple point. Medical inflation stands to outpace both economic growth…

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