Our $30 trillion national debt
The U.S. hit a grim milestone at the beginning of the month: the national debt topped $30 trillion. And with interest rates on the rise to combat inflation, the cost…
How to waste a pile of federal education money
The nation’s public schools got more than $100 billion in federal aid to help them safely reopen after the worst of the coronavirus passed. It’s been several months since those…
The trillion dollar infrastructure boondoggle will cost much more, and deliver even less
Democrats hoping to avoid a wipeout in the 2022 elections are busy touting the many supposed benefits and virtues of their trillion-dollar infrastructure bill. But as anyone who has followed…
Federal government keeps racking up more debt
Even as more economic focus is placed on roaring inflation, a familiar, but just as destructive, story on federal spending and debt continues to play in the background: The federal…
Tackling the two big drivers of debt and fiscal instability
Official Washington has an ingrained habit of ignoring big problems until they become full-blow crises. One of the current big problems is federal spending, and the debt backing it up….
Democrats and the ‘gimmick Olympics’
The framework agreement the White House and congressional Democrats are (for now) using as the basis for a slimmed-down spending proposal has taken center stage. It’s supposedly more restrained, more…
The Biden tax plan may become something worse
And it looks like the person standing on the way of higher tax rates is…Democratic Sen. Kyrsten Sinema. As the Wall Street Journal reports: …[Sinema] continues to oppose any increase…
Record tax receipts undermine case for higher taxes
With the global political class busy congratulating itself on negotiating a worldwide minimum corporate tax rate, recent U.S. corporate tax data shows the private sector is already pumping record amounts…
How government proposes to get what it’s owed
The answer from the Biden Administration has been to give the IRS the power to look at a few harmless pieces of information: money coming into, and out of your…
The ongoing costs of global empire
America’s longest war is over, so we are told. But America continues to maintain a global military presence that would be the envy of history’s greatest imperial powers. As Cato’s…
