If there’s one thing we know about the looming debt limit crunch and the warnings about the dire consequences of default, it’s this: The government is not going to default.
Downsizing Blog
10 Reasons to Oppose a Corporate Tax Increase
To fund spending increases, President Biden and the Democrats are proposing to raise corporate income taxes.
Democratic Tax Plan
House Democrats are moving ahead with a huge bill to raise taxes on businesses and individuals, increase welfare handouts, and micromanage numerous industries.
Our Unserious Congress
After midnight on July 31st, the federal government reached the $28.5 trillion debt limit, which is the amount of money Congress allows the Treasury Department to borrow to keep the government running.
More Federal Spending Is a Bad Idea
Democratic leaders in Congress are moving ahead with a $1 trillion infrastructure bill and a $3.5 trillion reconciliation bill to expand entitlement programs.
Federal Government Debt Is Soaring
Federal government debt rose from $3.3 trillion in 2001, to $10.1 trillion in 2011, to $23.0 trillion in 2021.
Indian Reservations: Subsidies vs. Property Rights
The proposed Democratic spending plan would provide $20 billion more in subsidies for American Indian programs.
Federal Spending Ratchets Up
Democratic leaders in the House and Senate are hoping to pass a $1 trillion bill to fund infrastructure and a $3.5 trillion bill to fund new and expanded entitlement programs.
Infrastructure Bill: a Green Light to Red Ink Despite Promises
The Committee for a Responsible Federal Budget estimates that the infrastructure bill will add about $400 billion to federal debt.
Infrastructure Bill Made Simple
The Congressional Budget Office (CBO) released an analysis of the infrastructure bill that is winding its way through Capitol Hill.