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Blog

The Growth of Federal Spending and Deficit Is a Serious Risk to America's Long-Term Prosperity

Earlier this month, the Congressional Budget Office (CBO) released an updated budget and economic outlook for the next ten years. The report provided projections on federal spending, revenues, and economic growth. The update was needed because the report that the CBO released in January was out of date because of the explosion of spending in response to the COVID-19 pandemic and related partial economic shutdowns across the country.

09/28/2020
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Blog

The Federal Government’s Finances are a Raging Dumpster Fire

The Congressional Budget Office (CBO) recently published its long-term budget outlook for the next 30 years, a report designed to provide lawmakers with a “point of comparison” with which they can assess the health of the current and future federal budget. The report shows that the finances of the federal government are a raging dumpster fire.

07/09/2019
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Blog

All the Lights Are Flashing Red on America's Fiscal Situation

The alarm is sounding once again on federal spending, and few in Congress are paying attention serious problems that America faces if it doesn’t get the nation’s finances into order.

06/27/2018
Don't Greek Us Bro
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Issue Analysis

Don't Greek Us Bro

“Cry ‘Havoc!’  And let slip the dogs of war.”  This is a famous line from William Shakespeare’s play Julius Caesar.   It appears that the Congressional Budget Office have been brushing up on their Shakespeare.  For in their annual Long-Term Budget Outlook they have predicted that the debt will consume 76% of GDP by 2021, and in different scenarios the debt could be as high as 101% of GDP in ten years.  These figures have placed those in http://dailycall

06/22/2011