The fiscally irresponsible 45th president somehow bloated deficits more in four years than his predecessors did in eight.
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.
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.
The Democrats always lard these emergency spending bills with things that have nothing to do with the emergency—and that may bring new trouble down the road.
Liberals are already attacking the Senate majority leader as obstructionist. In fact, he has a long history of cooperating with Democrats.
Operation Warp Speed was a good idea. The CARES Act made a real difference. And yes, incomes rose across the board. Liberals ignore these facts at their peril.