Category Archives: Federal deficit

The national dilemma of debt

Former Houston mayor and former U.S. deputy energy secretary Bill White explores in a Barron’s column the disconnect between the federal government’s revenue stream and its spending commitments. The permanent hole in the federal-funds budget has become more obvious since the end of U.S. combat in Iraq and the reduction of most recession-related programs. AccordingContinue Reading

Barron’s ‘Economic Beat’ columnist highlights warning about growing U.S. debt

Gene Epstein of Barron’s devotes his latest “Economic Beat” column to analysis of the nonpartisan Congressional Budget Office’s latest long-term budget outlook. Federal debt held by the public as a share of nominal gross domestic product, currently 74%, is projected to rise over the next 10 years. But it won’t be until the mid-2020s thatContinue Reading

The changing nature of public debt

The latest print edition of National Review devotes 6 1/2 pages (roughly 13 percent of the issue) to Christopher DeMuth’s fascinating exploration of disturbing changes in public debt. While the entire article is worth reading, of particular note is DeMuth’s description of the changing justification for government decisions to assume new debt. As debt andContinue Reading

Don’t think the federal government has a spending problem? Consider this new data

For those who’ve yet to be convinced of the federal government’s overspending problem, perhaps some numbers and a chart might help, courtesy of CNS News. Federal tax revenues continue to run at a record pace (in inflation-adjusted dollars) in fiscal 2014, as the federal government’s total receipts for the fiscal year closed June at anContinue Reading

If you think the N.C. budget process is bad …

Put things in proper perspective by reading Romina Boccia‘s latest article for the Daily Signal about federal budget negotiations. Last week, Senate Appropriations Chair Barbara A. Mikulski, D-Md., signaled her chamber already has begun to lay the groundwork for an omnibus budget bill in September, CQ Roll Call reports. Instead of debating on their ownContinue Reading

Clean up the clutter

The Heritage Foundation’s Romina Boccia says government resembles kids who’ve yet to learn to pick up their clutter. She explains in a Daily Signal column. Summer is here and school is out. For many parents this means toys everywhere around the house and never-ending debates to get the kids to put their stuff away. Or,Continue Reading

‘Economic Beat’ columnist examines good news, bad news for the federal budget

Gene Epstein‘s latest “Economic Beat” column in Barron’s probes recent developments for the federal budget. Start with the good news. The federal budget is still bleeding red ink, but the hemorrhaging is occurring at a slower rate. The nonpartisan Congressional Budget Office recently updated the federal government’s fiscal report card through May. As of theContinue Reading

Foes of federal government overspending face sad fate

Donald Lambro laments for Human Events readers that the handful of Washington politicians willing to slow the flow of wasted taxpayer dollars have had little luck to date. Federal spending is exploding under Barack Obama, shattering every record for budget deficits, public debt and annual expenditures. So much so that a term like “Big Government”Continue Reading