Downsizing Blog
CBO Budget Outlook
The Congressional Budget Office has released new projections for the federal budget.
Time to End NASA’s Human Missions?
In a May 1788 letter, Thomas Jefferson observed, “The natural progress of things is for liberty to yield, and government to gain ground.”
Words in Biden’s Budget
The Biden administration on Monday released its budget for 2023.
Corporate Tax Revenues Soar
President Biden’s proposed budget for 2023 released Monday reveals strong growth in federal tax revenues.
Biden’s Budget Deficits
The Biden administration has released its federal budget for 2023.
Biden Bulldozes Billionaires with New Tax
As part of its 2023 federal budget released today, the Biden administration is proposing a new 20 percent minimum tax on households with a net worth more than $100 million.
Waste, Fraud, and Abuse
Waste, fraud, and abuse are inevitable in trillion-dollar programs.
Federal Debt and Unfunded Entitlement Promises
Biden’s budget‐busting Build Back Better plan has been beaten back, but federal finances are still badly broken.
Industrial Policy Fails Another (Rapid) Test
It was good to see President Biden finally acknowledge yesterday what anyone in America with a school‐age child, job in a front‐facing industry, or overseas travel plans has known for months: U.S. policy regarding COVID-19 testing has been a piping hot mess.
State Spending Soars
In 2020, many reporters and analysts portrayed state and local governments as facing doom‐and‐gloom with falling revenues and slashed services. I didn’t buy the grim narrative.