Although the tax filing season is over, the Senate Finance Committee seems intent on resurrecting the question of whether to extend certain tax breaks -- known as “extenders” -- that expired well over a year ago. That’s unfortunate. As the…
Low interest rates on the federal debt have allowed the government to borrow more in recent years without seeing the cost of servicing that debt rise as a share of the economy (GDP). As the debt has climbed from 39…
Federal deficits are rising so rapidly that many politicians appear to be throwing up their hands and simply ignoring the numbers. It is true that the necessary fiscal repairs would generally require hard choices and public sacrifices. There is at…
Federal budget projections are already quite alarming, with the national debt high by historical standards and rising rapidly. The fiscal picture looks even worse, however, if one takes into account federal insurance programs and other activities that transfer financial risks…
