Tag: Budget Deficit
The CBO’s Ideas for Saving Money

Last December, the Congressional Budget Office generated a list of ideas for how the U.S. government could save trillions of dollars over the next 10 years.

CBO: Autopilot Spending To Send National Debt Soaring

The Congressional Budget Office has issued its Budget and Economic Outlook for 2019 through 2029, where it projects that for the next 10 years, the U.S. government’s spending and tax collections will each grow at an average annual rate of 5 percent a year.

Leviathan and the Budget Deficit

Treasury department’s new graphic helps explain deficit.

Bolton: National Debt Constitutes “Economic Threat”

U.S. budget deficit projected to push around $1 trillion in 2019.

The Silence of the Deficit Hawks

The U.S. government did something in August 2018 that it has never done before. It spent $433 billion in taxpayer and borrowed dollars in a single month!

There’s “Hope” for Reducing the Federal Debt

A Fox News report broadcast on November 28 supplies means of stanching the unprecedented effusion of budgetary red ink overseen by presidents George W. Bush and Barack Obama. In that report, talking-head Chris Wallace interviewed Jeffrey Post, curator of the gem and mineral collection at the Smithsonian Institution’s Museum of Natural History. The story...
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Amendment 28

How about this as an amendment to the Constitution of the United States? Amendment 28: Section 1: The president shall determine the dollar amount of total federal outlays prior to the passage of the budget. Congress must allocate outlays to remain within this dollar limit. Section 2: The presidential budget cap can be exceeded...
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It Would Be Cheaper to Fight World War II Again

What is the right word to describe the U.S. government’s current and proposed fiscal condition: fantastic, unbelievable, surreal? The Obama administration now expects a budget deficit in fiscal year 2009 of $1,750 billion, or more than 12 percent of GDP. Total federal spending this year is expected to be $3,940 billion, or 27 percent of GDP. President Barack Obama promises that the...
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