Budget and Deficit

Economists often highlight the federal debt's per-person obligation. But not everyone pays federal income taxes and half only pay a small portion, thus the debt burden falls heavily on higher-income households.

President Biden is schooling some Republicans on the harm caused by taxes hikes—no, seriously. 

So what the Biden administration is proposing is a gargantuan expansion of federal spending and borrowing, which will explode the deficit, further bloat the national debt, and run the risk of monetary inflation, all in order to achieve a rate of economic growth that is lower than that of the previous administration.

The left is redefining numerous policy-related terms in the hope of gaining wider acceptance. And one of their latest efforts is "universal basic income."

Increasing the reliance of the Highway Trust Fund on revenue streams untethered from use, as well as general fund bailouts, would not only fail to address the core fiscal challenges of the present, it would threaten the future health of America’s highways.

Sanders doesn’t have enough support to pass his “Medicare for All” bill—which would put every person in the country under a government-run, single-payer health care system. So he will settle for expanding Medicare from the current enrollment age of 65 to age 55 or 60—at least for now. Call it “Medicare for More.”

Who would have thought what the country under President Biden would be nostalgic for the more fiscally prudent President Obama? 

The Biden administration thinks throwing even more taxpayer dollars at Central American countries will curb the migrant exodus to the U.S. But more money won't fix his own open-door policy and may exacerbate corruption in migrants' home countries. 

Democrats propose ending the Senate filibuster to push through their far-left agenda. Some of them want to bring back earmarks for the same reason.

In FY2020, federal revenues were $3.42 trillion, but federal spending was $6.5 trillion. In other words, the federal government spent almost TWICE what it took in. That’s not sustainable.