There is no need to recap all the chilling COVID-19 news here other than to acknowledge that we are charting unprecedented territory. Global economic activity screeching to a halt in … READ MORE
Debt
Official Report from the Federal Government Declares U.S. Fiscal Policy “Unsustainable”
Last week, the Trump Administration released “The Financial Report of the Federal Government,” an annual report from the Department of Treasury and the Office of Management and Budget (OMB) that … READ MORE
Restoring Trust in Federal Trust Funds
For young Americans, there are few things you can trust less than a federal trust fund. Hundreds of trust funds have been set up by Congress over the years to … READ MORE
The Major Flaws in How Budget News is Covered
If you know anything about the annual ritual of the presidential budget release you know that it doesn’t really matter. It makes for a noisy news cycle and some political … READ MORE
The Future of the Union
President Trump will deliver his 3rd State of the Union address tonight. He will undoubtedly boast about the strength of the current economy. Unemployment is down, wages are up, stock … READ MORE
Generational Theft Update: Congress Adds Another $20 Trillion to Our Tab
Given how bleak every federal budget update has been over the last decade, it’d be really hard to make it markedly worse. And yet… The latest Congressional Budget Office (CBO) … READ MORE
The 2010s Were a Decade of Endless Spending. What Will the 2020s Be?
It is an unfortunate commentary on the past decade that Americans concerned with the state of the nation’s finances have few heartening reflections to look back upon. A decade that … READ MORE
Five Scary Takeaways From This Week’s Budget Reports
Over the last week, the U.S. Treasury and the Congressional Budget Office (CBO) have released their scheduled budget updates. Given Congress’s past year of adding more spending increases and tax … READ MORE