Tag: Fiscal Policy/Debt
CBO: Biden Spending on Unsustainable Path
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...
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Fed Chief Warns That National Debt Trend Will Choke Economic Growth
Less than two months after acting to bail out the nation’s money markets because of a liquidity crisis that arose from a surge in U.S. government borrowing to fund its spending, Federal Reserve Chair Jerome Powell testified before the U.S. Congress that the federal government’s current course of debt-fueled spending is on an “unsustainable...
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Nonpartisan Congressional Agency Is Pessimistic About Nation’s Long-Term Fiscal Health
The Congressional Budget Office has published its Long-Term Budget Outlook for 2019, projecting the U.S. government’s fiscal health will become much worse over the next 30 years in its baseline scenario.
  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org