Even With Lower Interest Rates, Debt Remains Unsustainable
With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain...
Debt & Deficits
Recent Fiscal Irresponsibility Will Double Deficits
As deficits are expected to climb above $1 trillion in the coming years, it's worth noting that tax cuts and spending hikes passed just in the...
President Trump’s $4 Trillion Debt Increase
If the recent budget deal is signed into law, it will be the third major piece of deficit-financed legislation in President Trump's term. In...
CBO's Long-Term Debt Outlook Improved Slightly from Last Year, Here's Why
In its latest Long-Term Budget Outlook, the Congressional Budget Office (CBO) projects debt held by the public will rise from over 78 percent of...
CBO: Fixing the Debt Would Increase Income
Putting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...
CBO: Debt Remains Unsustainable With r < g
The national debt is rising at an unsustainable pace. A factor that helps is interest rates currently being lower than the economic growth rate...
Judd Gregg: And the threat is...
Judd Gregg, a former Republican senator from New Hampshire, served as chairman of the Senate Budget Committee from 2005 to 2007 and ranking...
IMF: U.S. Continues to Stand Out with Growing Debt
The United States ranks number one among advanced economies in expected increase of debt as a percentage of Gross Domestic...
CBO's Updated Baseline Shows Grim Outlook
Today, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and...
GAO: "Federal Government Is on an Unsustainable Fiscal Path"
The Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...