As the nation grapples with devastating healthcare and economic consequences of the spreading COVID-19 pandemic, policymakers in Washington have been ratcheting-up their responses. Bills and proposals have included actions to fight the virus, maintain employment and stimulate the economy. Given…
While campaigning for the White House in 2016, the New York developer and TV star boasted he could eliminate the entire national debt “fairly quickly,” which he defined as eight years. The national debt was $19 trillion back then. Today, it totals…
The Concord Coalition said today that new Congressional Budget Office (CBO) projections showing federal deficits and debt steadily rising over the next 10 years and leaping to historic highs over the longer term are an alarming signal that action…
Today’s update from the CBO provides a sobering reality check on campaign calls for major spending increases or big tax cuts. The alarming budget outlook during a period of sustained economic growth and low unemployment reflects the continuing failure of…
