Category Archives: Federal deficit

The deficit is down, but …

Alex Adrianson of the Heritage Foundation’s “Insider Online” looks beyond the headlines tied to recent news about the federal deficit. According to the Congressional Budget Office, the 2014 federal deficit rings in at $486 billion. That’s 2.8 percent of gross domestic product—the federal budget deficit’s smallest share of the economy since 2007. (It was nearlyContinue Reading

Cato’s Tanner examines Dems’ demagoguery on Ebola

Michael Tanner of the Cato Institute devotes a National Review Online column to rebutting Democratic Party rhetoric involving the Ebola virus. Stop me if you’ve heard this one before: Government fails at one of its most basic tasks. In response, the politicians from both parties complain that we are not spending enough money. And Democrats,Continue Reading

Barron’s editorial page editor assesses disappointing end of another federal budget year

Thomas Donlan devotes his latest Barron’s editorial commentary to key numbers associated with the federal government’s latest budget year. Happy New Year? Cries of joy and good cheer did not ring out Wednesday, when the U.S. government closed out fiscal 2014 and opened the books on fiscal 2015. There was little to celebrate, except thatContinue Reading

Government spending that resembles the undead

The headline is “Zombie Spending,” but it’s the subheadline of Michael Tanner‘s latest National Review Online column that generates a chuckle: “If you try to kill a government program, you’ll only make it mad.” Aficionados of horror movies know that the monster is never really dead when you think it is. It may be down,Continue Reading

How much interest is there in our massive and growing federal debt?

It’s not the sort of thing most Americans pay attention to, and if asked to do a close examination of it their minds would probably numb and eyes glaze over into a bored crust. But the colossal amount of federal debt this nation has accumulated, and the financial energy the interest payments on that debtContinue Reading

Update to Federal Budget Outlook

The Congressional Budget Office (CBO) released an update to the budget and economic outlook for 2014-2024. According to the report: The federal budget deficit has fallen sharply during the past few years, and it is on a path to decline further this year and next year. However, later in the coming decade, if current lawsContinue Reading

Barron’s editorial page editor examines entitlements’ unsustainable future

Thomas Donlan of Barron’s peruses the latest data on the future of America’s costly entitlement programs. You never know when Social Security and Medicare trustees will issue their annual report on the financial health of the system. Between March and August. And you never know how much of it to take seriously, either. The reportsContinue Reading

Barron’s ‘Economic Beat’ columnist tries his hand at the Krugman takedown game

Is there any new ground to be broken in tearing Paul Krugman‘s arguments apart? Gene Epstein tries in his latest “Economic Beat” column for Barron’s. Last week, I reported that the Congressional Budget Office’s recently released “2014 Long-Term Budget Outlook” warned “the fiscal ship of state is in danger of hitting an iceberg” (“New WarningContinue Reading