Unserious skeleton bills like “Medicare for All” imagine a fantasy America of massive government entitlements, but lack even the pretense of specifics.
Brian Riedl is a senior fellow at the Manhattan Institute and author of the new report “A Comprehensive Federal Budget Plan to Avert a Debt Crisis.” Follow him on twitter @Brian_Riedl.
President Biden frames the GOP as “hostage takers,” but both parties have historically demanded new policies attached to debt limit increases.
Democrats are resorting to pre-election scare-mongering, but Republicans aren’t trying to gut Social Security, they’re trying to save it.
The fiscally irresponsible 45th president somehow bloated deficits more in four years than his predecessors did in eight.
Instead of taking straightforward steps to do that, he’s proposing convoluted schemes that would distort markets while likely failing to deliver the revenue he says they would.
It’s an unworkable and possibly unconstitutional idea, but some members of the party seem determined to see it through.
It’s as much a math problem as a political one: The numbers simply do not add up.
Democrats could raise the ceiling by themselves, but they want Republicans to let them off the hook by supplying the votes they’d prefer not to cast.
The danger of soaring debt is that—much like global warming—by the time you can directly feel its effects, it is too late to address them without significant pain.
Before hiking taxes on the wealthiest Americans, start by slashing the spending that goes to them.