Tag: National Debt
Five Steps for Taming the Federal Spending Beast

The runaway federal spending that has accompanied the coronavirus pandemic will force a reckoning in the “mandatory” portion of the U.S. government’s budget after the pandemic has passed. That’s the assessment of AEI resident fellow James Capretta, who indicates that the reckoning will mean big changes for mandatory entitlement programs whose spending has been...
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Fed Chief Jerome Powell Tells Uncle Sam To Spend More

In the last two months, the U.S. Federal Reserve has underwritten every single dollar borrowed by the U.S. government, and then some, becoming the biggest single lender to the federal government along the way. And now, Federal Reserve Chair Jerome Powell has told Uncle Sam to get out there and spend! Reuters has the...
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Coronavirus Relief Blows Up the Federal Budget

The fiscal impact of the federal government’s coronavirus relief measures is likely to be dramatic.

A Growing Mountain of Debt

Long after the pandemic ends, the debt accrued from the government’s response will still be with us.

The Economic Costs of the National Debt and How to Avoid Them

One week ago, noted Stanford University economist John Taylor testified at a hearing before the U.S. House of Representatives’ budget committee, whose members are reexamining the economic costs of the national debt. After the hearing, Taylor summarized his remarks and reflected on previous testimony he provided on a related topic back in 2015:

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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How Leviathan Grew in 2019

The U.S. Treasury Department has released its final monthly treasury statement for the federal government’s 2019 fiscal year, including its final accounting for the entire year. It paints a scary picture of how the growth of government spending is behind the government’s resurgent annual budget deficit, which totaled $984 billion for the year, narrowly...
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The Return of Quantitative Easing

The new financial crisis could have been avoided, if only a bipartisan majority of politicians in Washington, D.C., could have restrained the growth of their spending to sustainable levels.

A Surprise Trillion Dollar Deficit

In truth, the surprise trillion-dollar deficit for the first 11 months of fiscal 2019 really isn’t much of a surprise.

Who Are the U.S. Government’s Biggest Creditors?

The Treasury Department has recently revised and updated its estimates of who the U.S. government has borrowed from for its 2018 fiscal year.

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