There is not a budget hawk in America who could say they were not surprised to see Office of Management and Budget (OMB) Director and Acting-Chief of Staff Mick Mulvaney … READ MORE
Debt
GAO’s Grim Diagnosis of America’s Fiscal Health
Last week, the Government Accountability Office (GAO) issued “The Nation’s Fiscal Health,” an annual report that describes the fiscal condition of the United States. The report finds that America’s fiscal … READ MORE
Another Round of Deficit Blame Games
It’s time for another check-in on Congress’s concern with government spending. Surely after the Congressional Budget Office’s March 2019 budget review reported the fiscal year 2019 budget deficit has grown … READ MORE
Republican Indifference on Deficits is Empowering the Socialists
They say money doesn’t grow on trees but many of today’s leading progressives, including candidates for president, may beg to differ. An economic theory called MMT or Modern Monetary Theory, … READ MORE
The Trump Budget: Five Things to Like, Five Things to Loathe
The President’s annual budget is here. Contrary to some coverage, it’s not just an $8.6 billion wall funding request surrounded by 149 pages of gobligook. It is a visioning document … READ MORE
A Solutions-Oriented Guide to Government Gaffes
The fourth edition of the Senator James Lankford (R-OK) Federal Fumbles book came out this week. The annual oversight report is taking a different approach this year. Rather than being … READ MORE
Golden Corral Economics: A Live-For-The-Moment Excuse to Spend Without Restraint
[embed]https://www.youtube.com/watch?v=Qa1_73Uvwnk[/embed] There’s a recently trending view among economists and commentators that deficits don’t matter as much anymore. Former International Monetary Fund (IMF) Chief Economist Olivier Blanchard started the trend in … READ MORE
Yes, the National Debt is a Grave Security Threat
This week, a group of Republicans are expected to introduce a resolution declaring America’s $22 trillion national debt a security threat. The resolution is being sponsored by Rep. Andy Biggs … READ MORE