Obama’s Former Education Department Counsel Cautions Against Broad Student Debt Cancelation
Former President Barack Obama’s top Education Department lawyer wrote a legal analysis of the move. Biden is reportedly preparing to cancel student debt of at least $10,000 per borrower, despite…
Rising rates will collide with rising entitlement deficits
It’s no longer a secret: interest rates are going up, and when they do, the cost of borrowing for everyone will rise. That includes borrowing costs for the federal government,…
Progressives Still Pushing for Student Loan Debt Cancellation
Progressives haven’t given up on their push for the White House to cancel up to $50,000 in student loan debt, demanding the proposal get included in the next round of…
New Round of Stimulus Payments Left Open to Debt Collectors
The American Rescue Plan is handing out $1400 checks to millions of Americans. But for some, that money may end up in the hands of debt collectors. Congress did not…
CBO Lays out Tough Choices for Cutting Federal Debt
The federal government’s binge spending has had real consequences for the year deficit and overall national debt. According to the Congressional Budget Office, coronavirus relief deepened the fiscal mess. But…
Report: 39 States ‘did not have enough money to pay all of their bills’
State government finances are a mess this year, as government-ordered lockdowns in response to the coronavirus threw millions out of work and damaged the economy. What sort of shape state…
CBO Estimates Debt Will Exceed GDP in 2021
Article from For Liberty by Norm Leahy. The bad news keeps on coming regarding the federal debt. A new report from the Congressional Budget Office estimates that as soon as…
With Deficit Payments Bigger Than the GDP of Denmark, U.S. Faces Tough Budget Choices
Article from For Liberty by Norm Leahy. An evolving school of economics called Modern Monetary Theory contends government deficits don’t matter. All that red ink, the thinking goes, is irrelevant…
An Awful Spending Bill Survives
Article from Daily Wire by Ben Shapiro. So, Trump was fibbing. Yesterday, President Trump tweeted his support for the $1.3 trillion omnibus crap sandwich passed by Republicans… Then Trump signed…
