Federal deficit

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    Tax Foundation sees Senate plan boosting economy and incomes

    The Senate’s tax plan would reduce tax rates, broaden the tax base, and spur economic growth in a Tax Foundation dynamic modeling estimate. Nationwide, the effect would be 925,000 new jobs and $2,598 in after-tax income for the average middle-income family. North Carolina would add 27,863 jobs and…
    Joseph Coletti, November 14, 2017
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    Your tax dollars at work: Food photography edition

    Elizabeth Harrington of the Washington Free Beacon reveals another dubious use of your tax dollars. The National Science Foundation is spending roughly $175,000 on an anti-obesity study that involves taking pictures of food before obese people consume it. Purdue University is overseeing the project, which is entitled, “Using…
    Mitch Kokai, October 24, 2017
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    The long-term challenge of federal debt

    Gene Epstein of Barron’s explains why it won’t be easy to erase the federal government’s debt. Those who deny that soaring debt can ever be a worry for the U.S. often point out that this debt is denominated in the same U.S. dollars the Fed has the ability…
    Mitch Kokai, October 23, 2017
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    Trying to make a dent in federal budget deficits

    Kevin Williamson of National Review Online explains major challenges linked to plans to fix the federal budget. Getting fiscal policy right is — should be — a top-tier priority. But the congressional budget committees are, strangely enough, a frustrating base of operations for doing that. The problem for…
    Mitch Kokai, October 17, 2017
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    Barron’s ‘Economic Beat’ columnist probes the debt-ceiling debate

    Gene Epstein of Barron’s warns readers about a fiscal crisis “looming” beyond present-day debates over the federal debt ceiling. Isn’t this a heck of a way to run a government? Since everyone knows the debt ceiling will get raised anyway, why not reform a system that has brought…
    Mitch Kokai, September 18, 2017
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    One conservative columnist who doesn’t fret about Trump’s deal with Democrats

    Deroy Murdock explains at National Review Online why he’s not worried about the debt-limit deal President Trump reached with Democratic congressional leaders. The Right’s insomnia over this matter seems excessive and misdirected. Trump on Wednesday agreed to the proposal of House minority leader Nancy Pelosi (D., Calif.) and…
    Mitch Kokai, September 12, 2017
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    Barron’s probes Trump’s debt deal with Democrats

    Randall Forsyth of Barron’s explores the president’s agreement with Democrats to delay the next fight over the federal debt ceiling. However it came about, Trump apparently saw this as a good way to prevent inside-the-Beltway politics from obstructing efforts to help victims of Hurricane Harvey, against the backdrop…
    Mitch Kokai, September 11, 2017
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    Trump’s debt-limit dealing draws fire

    Sarah Westwood of the Washington Examiner reports on the latest signs of a strained relationship between President Trump and congressional Republicans. President Trump’s decision on Wednesday to side with the Democratic leaders advocating a short-term increase in the nation’s debt limit rankled Republicans in Congress and ripped open…
    Mitch Kokai, September 8, 2017