Once again Washington is using sham accounting practices to claim that a massive new spending bill will be "paid for."
Coalition letter flagging concerning developments in the infrastructure bill negotiations. Price controls and rate regulation; dramatic expansion of executive brand and agency authority; and government-controlled internet should never be on the table.
As our economy continues to recover from the pandemic, it is essential to act in a fiscally responsible manner. Doing otherwise could exacerbate inflation, disrupt the still tenuous job market, and place additional burdens on struggling families.
The only federal budget deficit larger than the current one was . . . last year’s.
The latest jobs report from the federal government shows unemployment is 5.9%, which is positive news, but an economic think tank predicts little improvement as long as Joe Biden is in the White House.
The White House and media are predicting when unemployment will return to pre-pandemic lows, but that won't happen if the White House and media get their big-government budget blowout.
In a protracted 2013 debt-limit episode, Fitch Ratings put the U.S. rating on negative watch given the government’s failure then to raise its borrowing limit as the Treasury’s hard deadline neared. In 2011, a split House and Senate took the debt-limit debate down to the wire, prompting S&P Global Ratings to cut America’s sovereign credit grade for the first time.
If Republicans allow Democrats to pass through budget reconciliation everything that was taken out of the bipartisan infrastructure deal, they will be complicit in the economic harms that will inevitably result.
The federal debt ceiling is back, and it poses yet another roadblock to the Democrats' spending spree.
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.