Paul Reveres or Chicken Littles, depending upon your perspective, warn of a coming danger. The doomsday scenarios appear confined neither to an intellectual ghetto where the respectable fear to tread nor to either end of the ideological spectrum. “The Coming…
The Congressional Budget Office (CBO) released its annual budgetary forecast this week. The Washington, D.C. weathermen say storm clouds approach. Under the rosiest scenario, U.S. debt-to-GDP ratio approaches the highest level on record, about 119 percent in the aftermath of…
The nonpartisan Congressional Budget Office (CBO) has released its 2018 “Long-Term Budget Outlook.” Unfortunately for all Americans, it’s even worse than many expected. The 2018 “Outlook” is the first forecast to take into account the tax cuts and spending increases…
White House budget director Mick Mulvaney would not allow cameras into the briefing room as he outlined President Donald Trump’s budget to reporters. He explained, “This is going to be really, really boring and really, really hard.”
Recently liberals defined fiscal chutzpah by arguing high federal debt precluded tax cuts. This amazing new debt concern conveniently overlooks Barack Obama’s culpability in the calamity they now belatedly bemoan. It also implicitly sets a fiscal trap where liberals keep…
One hears junkie talk in the words of Washington. Whether jonesing for a fix of chemicals or tax dollars, addicts rarely make sense. President Trump describes the debt ceiling as “really not necessary.” Senate Majority Leader Mitch McConnell, who does…
As the national debt approached $20 trillion last week, the staggering number called for the brakes. Instead, Washington stepped on the gas. “For many years, people have been talking about getting rid of debt ceiling all together, and there are…
Last week, President Donald Trump released his full budget request, outlining priorities for this year and the subsequent decade. He forecasts that by 2027, assuming a 3 percent GDP growth rate, the budget would be balanced and the debt in the hands…