by jpitney | Jul 28, 2025 | Debt, Economic Policy
Desmond Lachman at AEI: A key vulnerability of the United States is its high dependence on foreigners to finance its large budget deficits. One measure of this dependency is that foreigners own almost one-third of the $29 trillion of outstanding U.S. Treasury bonds....
by jpitney | Jun 29, 2025 | Debt, Economic Policy
Committee for a Responsible Federal Budget: The Congressional Budget Office (CBO) just published their “current policy” score of the Senate reconciliation bill, showing the bill would add about $500 billion less to the deficit than extending all the expiring 2017 tax...
by jpitney | Jun 18, 2025 | Budget, Debt, Economic Policy
CBO: The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by $2.4 trillion over...
by jpitney | Jun 8, 2025 | Debt, Economic Policy
From the Committee for a Responsible Federal Budget:
by jpitney | May 14, 2025 | Budget, Congress, Debt
Congress is getting ready to increase the federal debt. Yuval Levin: Just continuing existing tax policy would drive the federal debt well beyond 200 percent of the size of the economy over the next 30 years, according to the Congressional Budget Office. By that...
by jpitney | Apr 3, 2025 | Congress, Debate, Debt, Deliberation
Mike Johnson (the former Michel guy, not the current speaker): The framers of the Constitution were in good measure geniuses who had a vision for the future and took lessons from the accomplishments and failures of the budding European democracies. That genius is not...
