National Debt
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Taxing, Borrowing, and Printing: Three Ways America Pays for Government
Tax bills are only the beginning. Borrowing and inflation also finance federal spending — in ways that are easier to ignore but harder to escape.
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Congress Is Moving the Goalposts on Fiscal Responsibility
Is targeting three percent of GDP a turning point, or another empty promise?
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April Fools for America First? Higher Prices and New War
The President returned to office on promises to lower costs at home and restore our reputation abroad. Americans got the opposite.
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Silent Cal’s Loud Lesson on Tax Cuts
A century ago, the federal government ran surpluses under lower tax rates. But that’s impossible with our out-of-control spending.
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Congress Knows It Has a Spending Problem, But Won’t Fix It
Fiscal discipline is politically costly, but inaction will be disastrous. How can we restore sanity to federal budgeting?
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Can Immigration Address America’s Fiscal Nightmare? It Depends
High-skilled workers tend to strengthen government budgets, while low-skilled immigration can add fiscal pressure. The composition of immigration matters as much as the number.
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AI Won’t Fix America’s Looming Debt Crisis
Even if the government hits the tax revenue jackpot, it’s naïve to assume lawmakers would pay down the debt.
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America’s Debt Is a National Security Risk
Years of structural deficits have eroded the fiscal capacity needed to confront geopolitical threats. Overspending threatens our security.
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Defusing the Social Security Time Bomb
Minor adjustments cannot fix a pay-as-you-go system strained by demographic reality. Restoring solvency demands structural changes that emphasize ownership.
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What Do Consumers Know That GDP Aggregates Don’t?
Rising costs, reduced mobility, and policy uncertainty may explain why households feel squeezed even when headline growth is good.
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•
Taxing, Borrowing, and Printing: Three Ways America Pays for Government
Tax bills are only the beginning. Borrowing and inflation also finance federal spending — in ways that are easier to ignore but harder to escape.
-
•
Congress Is Moving the Goalposts on Fiscal Responsibility
Is targeting three percent of GDP a turning point, or another empty promise?
-
•
April Fools for America First? Higher Prices and New War
The President returned to office on promises to lower costs at home and restore our reputation abroad. Americans got the opposite.
-
•
Silent Cal’s Loud Lesson on Tax Cuts
A century ago, the federal government ran surpluses under lower tax rates. But that’s impossible with our out-of-control spending.
-
•
Congress Knows It Has a Spending Problem, But Won’t Fix It
Fiscal discipline is politically costly, but inaction will be disastrous. How can we restore sanity to federal budgeting?
-
•
Can Immigration Address America’s Fiscal Nightmare? It Depends
High-skilled workers tend to strengthen government budgets, while low-skilled immigration can add fiscal pressure. The composition of immigration matters as much as the number.
-
•
AI Won’t Fix America’s Looming Debt Crisis
Even if the government hits the tax revenue jackpot, it’s naïve to assume lawmakers would pay down the debt.
-
•
America’s Debt Is a National Security Risk
Years of structural deficits have eroded the fiscal capacity needed to confront geopolitical threats. Overspending threatens our security.
-
•
Defusing the Social Security Time Bomb
Minor adjustments cannot fix a pay-as-you-go system strained by demographic reality. Restoring solvency demands structural changes that emphasize ownership.
-
•
What Do Consumers Know That GDP Aggregates Don’t?
Rising costs, reduced mobility, and policy uncertainty may explain why households feel squeezed even when headline growth is good.