| Tuesday August 3, 2021 at 4:37 PM PDT
The Congressional Budget Office has updated its earlier budget and economic outlook for the next 10 years. There is one big takeaway from their revised outlook. The Biden-Harris administration’s planned spending is on an unsustainable path. The following chart from the CBO’s report shows what that means in terms of expected spending and tax...Read More »
Randall G. Holcombe
| Monday May 17, 2021 at 1:15 PM PDT
Widely reported in the financial news, inflation skyrocketed in March–the Consumer Price Index was up 0.8% in just one month. Year over year, the inflation rate from March 2020 to March 2021 was 4.2%. Many people have told me they think those figures are understated from their own shopping experience, but I’m taking all...Read More »
Randall G. Holcombe
| Tuesday March 16, 2021 at 10:31 AM PDT
Last week President Biden signed the $1.9 trillion COVID relief bill, which among other things will provide direct payments of $1,400 to many Americans, and extend a financial supplement to unemployment payments. It’s difficult to comprehend numbers as big as $1.9 trillion, but here are some ways to think about it. The US population...Read More »
| Monday October 19, 2020 at 4:30 PM PDT
The U.S. Treasury Department has just released the final statement for its 2020 fiscal year. I knew going in it was going to be bad because of the impact of COVID-19. Having now seen it, all I can say is that how bad it is, is a thing to behold. It is the most...Read More »
| Monday September 30, 2019 at 10:48 AM PDT
Isn’t it time the politicians and bureaucrats who run the government reined in their opiate addiction and went into rehab?
| Wednesday August 14, 2019 at 10:15 AM PDT
The government’s budget deficit through the first 10 months of its 2019 fiscal year now exceeds the full year deficit of $777 billion recorded in 2018.
| Monday July 22, 2019 at 1:27 PM PDT
For Americans troubled by the ongoing lack of fiscal discipline on Capitol Hill, nine other words are perhaps very scary: “We have actually now agreed on the spending numbers”.
| Monday April 8, 2019 at 10:01 AM PDT
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.
| Tuesday February 5, 2019 at 9:00 AM PST
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.
| Thursday November 15, 2018 at 2:10 PM PST
Treasury department’s new graphic helps explain deficit.