Net interest on the national debt has become one of the fastest growing segments of federal spending.
When you think of all the ways that the U.S. government spends money, which of its functions do you think tops the list?
Federal spending hits highest level since bank bailout and Obama stimulus.
An excuse to raise taxes on the American people.
With the close of FY18 looming, federal spending is expected to skyrocket.
The proposed spending bill funds key programs at a hefty price tag.
With billions left to spend, cronyism will abound.
Not fully paying for themselves nor “exploding” the deficit.
The entire increase in this year’s deficit is due to spending hikes.
In another post, Randall Holcombe rightly notes the pressing need for tax reform. Holcombe argues that Trump’s proposed tax reform is “an improvement over the current system.” That may be true; time will tell. Yet, today my news feed reports nonchalantly that the Republican Congress passed a budget in excess of $4 trillion. That...
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