national debt
Democrats' Revival of Earmarks Makes it Official: The Swamp is Back
Even when personal profit was not involved, earmarks were about buying votes.
Government Debt Now: The More, the Better
Our elected officials in Washington, D.C. must help struggling families who need assistance.
The U.S. Is Already Facing a Debt Crisis
The U.S. is overdosing on debt, and Congress has no plan other than to keep borrowing.
Mitt Romney: GOP Wasn't Concerned About 'Spending Massively' Under Trump
The Utah Republican highlighted that under GOP leadership the U.S. was "adding almost a trillion dollars a year to the national debt."
Lifestyles of the Rich and Privileged Political Class
In an age of unprecedented government spending and debt—and unconstitutional government power and control—more members of Congress become millionaires while in office than ever before.
Under Donald Trump's Watch, the National Debt Increased by $7.8 Trillion
Trump promised to "get rid" of the national debt during his 2016 presidential campaign.
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Fiscal Hawks No More: The GOP Shift To Common Good Conservatism Has Begun
Whether the GOP opposition is led in the upcoming years by President Trump or one of the party's next generation of conservative leaders like Senator Hawley, its future lies in a populist program.
McConnell's Right – The $2000 Checks Are a Bad Idea
The national debt has doubled thanks in no small part to efforts to alleviate the impact of the economic lockdown used to prevent the disease from spreading.
COVID-19 Pandemic Sends National Debt to Highest Level Since World War II
The coronavirus pandemic has roiled the markets, tossed most fiscal assumptions to the wind and driven the national debt to the highest level since World War II, as the government spent heavily to support the economy.
Biden's Student Loan Forgiveness Plan Is Idiotic and Immoral
American higher education needs a wrecking ball—not a bailout.
Lincoln Project Drops Scathing Video of Lindsey Graham
"He said he was a fiscal conservative, but he's one of the biggest spenders in Congress," the group said about the Republican South Carolina senator in a new ad.
Under Trump, America's National Debt Has Increased by Nearly $7 Trillion
Although trillions have been spent to address the economic fallout of the COVID-19 pandemic, the debt increased substantially during Trump's first three years as well.
Steve Mnuchin Defends Record U.S. Deficit, Spending: COVID-19 'Like a War'
The treasury secretary said the national debt won't be dealt with until after the COVID-19 pandemic.
National Debt Projected to Exceed Total GDP for First Time in 70 Years
The Congressional Budget Office estimates that the federal debt will exceed 100 percent of GDP in 2021.
Under Trump's Watch, America's National Debt Has Increased by $6.6 Trillion
The swelling amount is at odds with Trump's promises before he was elected, when he said he would eliminate the nation's debt "over a period of eight years."
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National Debt Has Increased $5.2 Trillion During Trump's Presidency
A portion of that increase is tied to the CARES Act, passed by Congress to give Americans supporting during the ongoing novel coronavirus pandemic.
National Debt Could Surpass $25 Trillion With Coronavirus Spending
Prior to the pandemic, the U.S. was already expecting a budget deficit of about $1 trillion for the current fiscal year.
Trump's Economy Is A House of Cards. How Will Democrats Prevent Collapse?
Our national debt and deficits are about to go through the roof. Democrats in Congress and on the campaign trail must call out Trump's hypocrisy and make the case for a more responsible path forward.
U.S. Taxpayers Each Spent More Than $8,000 on Iraq War
The current cost to the federal government for operations in Iraq is an estimated $1.922 billion, including interest and additions to the base budget.
National Debt Increased by $3 Trillion Under Trump Presidency
When he campaigned for the Oval Office in 2016, Donald Trump said he would eliminate the national debt in eight years.
US Budget Deficit Will Breach $1 Trillion Two Years Earlier Than Predicted
The news comes as Trump says he's considering tax cuts, a move that would likely further raise the deficit, and a massive bipartisan budget deal struck between Congress and the president that increases spending.
Despite Trump Saying He'd Pay Off National Debt, It's Grown by $4 Trillion
"Nobody is a fiscal conservative anymore," said Rush Limbaugh on his radio show. "All this talk about concern for the deficit and the budget has been bogus for as long as it's been around."
GOP Senator Compares Cutting Federal Spending to 'Going to Heaven'
Kennedy said that when it comes to actually reducing spending, lawmakers from both parties "don't want to hear about it."
Fox News Anchor Confronts Trump Official Over Ballooning Deficit
"The deficit under Obama dropped by an average of 11 percent a year in his second term," Chris Wallace told Mick Mulvaney.
U.S. National Debt Passes $22 Trillion for First Time
Interest payments on the national debt will soon surpass spending on education and health care.
Are Trump's Budget Deficits Higher than Obama's?
The U.S. deficit is set to surpass $1 trillion by next year, which would be the highest total since the start of Obama's second term.
Debt Will Grow to 'Highest Level in U.S. History': CBO
America's growing budget deficit will increase debt to the highest level in U.S. history by far, according to the Congressional Budget Office 2018 long-term budget outlook.
Democrats Fear Medicare Cuts Coming as Deficit Grows
"Today's CBO report confirms that major damage was done to our fiscal outlook in just the past few months. This is the first forecast to take into account the recent tax and spending legislation, and it's clear that lawmakers have added significantly more debt on top of an already unsustainable trajectory."