Debt Be Not Proud

Brian Riedl at the Manhattan Institute: Today’s trendy economic argument asserts that the current debt-to-GDP ratio of 100% has not harmed the economy, and therefore Congress can easily afford large new government expansions. But that argument has two fatal flaws....

Backwards Budgeting

Don Wolfensberger at The Hill: What is strange about this fiscal round is that it was not preceded by adoption of the usual concurrent resolution on the budget — the lead engine that pulls all subsequent budgetary actions on spending, revenues, deficit, and debt.  The...

Deficit and Debt

From the Congressional Budget Office: CBO projects a federal budget deficit of $3.0 trillion in 2021 as the economic disruption caused by the 2020–2021 coronavirus pandemic and the legislation enacted in response continue to boost the deficit (which was large by...

Competitiveness

  Kristin Kent Spanos and Nicholas Saliba at the George W. Bush Presidential Center: As governments, businesses, and think tanks review the efficiency and resiliency of North American supply chains—many impacted by COVID-19— The George W. Bush Institute-SMU Economic...