Over the course of 2020, the federal government spent a massive amount trying to deal with the economic fallout of the pandemic. Republicans and Democrats agreed that in the face of crisis, America needed to put the fire out first, worry about all the water they were using later. But in 2021, people are beginning to worry about these giant costs, especially coming on top of the existing federal debt. Republicans say it’s a looming problem, Democrats say that’s just an excuse to oppose progressive priorities. So who’s right? Or do they maybe both have a point? Manhattan Institute budget expert Brian Riedl explains in this edited transcript.
Trump’s economic plan will confer vast monetary gains on the very wealthiest Americans while leaving Trump’s electoral base further behind.
The CBO put the deficit for the just ended fiscal year at 2.4% of GDP, below 50-year average.
Republicans are looking for ways to increase the already bloated defense budget they claim is woefully underfunded. And, as is their wont, they are targeting domestic programs due to their regard for the "out-of-control" and "unsustainable deficit."
There is nothing as evil, mean-spirited, and pathetic as a mature adult who sees firsthand that something is inherently dangerous to other human beings and should be prevented at all costs, and yet wishes they could do the same thing.
President Obama took steps today to make sure that Republicans have already lost the sequester battle. He offered Republicans one way out, and that is to raise more revenue.
The right is heralding Paul Ryan as a policy wonk, but a closer look at his ideas and where they come from reveals that he is anything but.
It is Ayn Rand's immoral ideology that informs the character of Republican philosophy and spells doom for all but the wealthiest Americans.
President Barack Obama held a press conference at the conclusion of the G 20 Summit in Toronto this evening, and the highlight came at the very end when he called out the GOP rhetoric on the deficit. Obama said, "I hope some of these folks hollering about deficit and debt step up, because I am calling their bluff."