Stories tagged: deficits
Tue., Sept. 11, 2018
America relies on crises. We hope that they don’t occur and pretend that they’re not inevitable, whatever they might be.
Sun., Dec. 10, 2017
It’s going to take both tax increases and spending cuts to rein in the debt. All programs must be on the table. As the Gang of Six acknowledged in 2011, …
Thu., Nov. 30, 2017
There should be no net increase in budget deficits; indeed, other taxes (a carbon tax?) should be gradually increased to help close the long-term gap between federal spending and taxes.
Tue., Nov. 14, 2017
Americans like big government. They just don’t like paying for it. Borrowing is easier. It’s largely invisible to most Americans, creating the illusion of “something for nothing.” This liberates Republicans …
UPDATED: Tue., Oct. 31, 2017, 11:27 p.m.
We really don’t have conclusive historical evidence of the relationship between tax rates and economic growth.
Tue., Oct. 24, 2017
Americans should balance the pain of taxes with gains from government. If people want big government, they should pay for it. If they dislike higher taxes, they should cut government.
Tue., Oct. 3, 2017
As the proposal winds its way through Congress, all the pressures will be to scale it back. The swamp will survive.
Thu., May 4, 2017
Our biggest concern is that the president’s proposal included no third Post-It note, the one that would analyze the impact of his tax cuts on the national debt and, crucially, …
Tue., April 11, 2017
Even if all Americans were satisfied with their present tax situation – clearly not the case – it does not follow that everyone would be happy if their taxes were …
Tue., July 19, 2016
The pledge to make America great again” is not an economic project. It’s an exercise in mass psychology.
Sat., July 9, 2016
The Committee for a Responsible Federal Budget recently issued an analysis of the promises of Clinton and presumed Republican nominee Donald Trump, and how they would impact the national budget …
Tue., Feb. 2, 2016
Payments on national debt will triple by 2015 without action, squeezing other federal spending.
Wed., Feb. 16, 2011
The household analogy seems to hit home when talking about government budgets, so imagine this scenario: In seven years, the interest payment on your credit cards will exceed your monthly …