#National Debt

Washington -  Today, the Congressional Budget Office released a topline summary of its much-anticipated update to the 2021 budget baseline. The previous installment from CBO was published in February, prior to enactment of the $1.8 trillion American Rescue Plan…

"Current figures suggest that the federal government is digging America into a hole. According to CBO’s baseline projections—which don’t account for Mr. Biden’s proposals—interest costs will surpass spending for Social Security by 2045 and will consume nearly half of…

In presenting his case to Congress for an ambitious policy agenda, President Biden said, “It is not enough to restore where we were prior to the pandemic.” That thinking makes sense, but it should also be applied to the ballooning…

Last week the National Center for Health Statistics (NCHS) released provisional birth data for 2020.(1)  Most of the media coverage focused on the fact that the number of births (3.6 million) was the lowest since 1979, and the general fertility…

This week, President Biden continued to roll out an ambitious policy agenda with release of the American Families Plan (AFP), described as “an investment in our children and our families.” Major new initiatives in the plan include universal preschool for…

President Biden’s $2.3 trillion American Jobs Plan is noteworthy for two things. First, it greatly expands the definition of “infrastructure,” and second, it’s eight years of proposed spending is designed to be paid for with increased corporate taxes over 15…

After a one-week delay, on April 9th, the Biden administration finally released a peek at their FY 2022 budget. In it, the president proposes to spend $1.5 trillion on base (regular) discretionary programs next fiscal year, an increase of $118…

After enactment of the $1.9 trillion American Rescue Plan Act and the unveiling this week of the roughly $2 trillion American Jobs Plan, it is easy to forget that President Biden hasn’t actually put out a budget. In fact we’re…