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New CBO projections show a deteriorating fiscal situation, but no one seems to care. → Read More
A new report quotes Biden and his advisers unveiling their top economic priority for 2023: deficit reduction. → Read More
Despite the persistence of a strong job market, the conventional wisdom among business and academic economists forecasts a recession in 2023. Even as supply-chain disruptions fade, other inflationary pressures are proving more durable, most notably a tight labor market that has contributed to an... → Read More
Failing to raise the debt limit would be catastrophic. → Read More
Progressives built a massive national movement hoping to enact single-payer health care (dubbed “Medicare for All”). Senator Bernie Sanders of Vermont has made it the centerpiece of two presidential campaigns. Senator Elizabeth Warren of Massachusetts endorsed it in her presidential... → Read More
Since President Biden took office, he has enacted legislation and executive actions that will cost Americans a net total of $4.8 trillion over the coming decade. → Read More
Biden just ran a budget deficit 40% higher than Trump’s pre-pandemic deficits. And he wants you to pat him on the back for it. → Read More
What are President Biden and Congressional leaders doing to combat the deepening inflation crisis, which soared 9.1% over the past year? Pointing fingers, deflecting blame and little else. → Read More
Congress and the White House are not prepared for a world with higher interest rates, and there's no backup plan.Weary families have already seen soaring inflation reduce their real wages by 3 percent over the past year. The Federal Reserve and market forces will likely defeat inflation... → Read More
The fiscally irresponsible 45th president somehow bloated deficits more in four years than his predecessors did in eight. → Read More
When President Trump took office in January 2017, he inherited a growing economy and budget deficits that had gradually fallen to 3% of GDP in the years since the Great Recession. At this time, the Congressional Budget Office (CBO) projected that the $585 billion budget deficit from 2016 would... → Read More
The American Rescue Plan continues to drive inflation and economic damage.More than eight months after its enactment, the $1.9 trillion American Rescue Plan (ARP) continues to reveal itself as the most damaging spending bill enacted in decades. ARP was initially promoted primarily as... → Read More
The American Rescue Plan was the most expensive spending bill in half a century. It takes remarkable economic illiteracy and incompetence to apply $1.9 trillion in “stimulus” in a manner that actually worsens the economy. → Read More
It’s as much a math problem as a political one: The numbers simply do not add up. → Read More
"It's going to cost nothing,” President Biden said of the Democrats’ massive $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week. → Read More
The president and Congress are hitting the mathematical, economic, and political limits of the progressives’ long-standing promise to finance European spending levels on the backs of the very rich. → Read More
As structural budget deficits grow to trillions of dollars and politicians promise even more spending, taxing the rich has become a popular solution to finance expanded government. But large tax increases on high earners not only are insufficient to close much of these budget gaps; they would... → Read More
Brian Riedl testified before the U.S. House Committee on Financial Services in a hearing entitled, "Build Back Better: Investing in Equitable and Affordable Housing Infrastructure." Loading the player... Good morning Chairwoman Waters, Ranking Member McHenry, and Members of the Committee.... → Read More
In the summer of 2019, state governors had a collective approval/disapproval rating of 51/32. By contrast, President Donald Trump’s rating was 43/54, and Congress held a 13/84 approval/disapproval rating.[1] More broadly, a 2016 Gallup poll revealed that 55% of respondents preferred that power... → Read More
Earmarks bypass the competitive application process run by federal agencies, as well as any formulas allowing state and local governments to distribute these funds. → Read More