deficit

It should not be too surprising that with this amount of government spending a sizable percentage of the U.S. population receives monies from Uncle Sam in one form or another.

Donny Kendal and John Nothdurft are back in episode #164 of the In The Tank Podcast. This week’s episode features work from The Heartland Institute, Manhattan Institute, and the Cato Institute.

It has been said that economists have predicted “nine of the last five recessions,” or words to that effect, suggesting that the “dismal science” can’t be trusted.

In 2018, all federal appropriation bills (with bipartisan support) have passed out of their respective committees.

How debt is shaping up to be our undoing.

In case you have missed them since the early years of the Obama administration, the $1 trillion-a-year federal budget deficits are coming back, beginning with Uncle Sam’s new fiscal year for 2019, which starts on October 1, 2018. And they might not be going away anytime soon.

Illinois now has the worst credit rating in the municipal bond market. Moody’s Investment Services pegs Illinois’ debt at Baa3, and it could further downgrade that credit rating later in 2018.

Since 2005, the Congressional Budget Office has published an annual report on the long-term sustainability of U.S. fiscal policies.

The federal government has a spending problem, not a revenue problem.

Now that 2017 is in the books, Americans across the country are working to keep their New Year’s resolutions so that 2018 might be better than years past.

Since February 2017, the federal deficit has grown by more than $500 billion, to over $20 trillion. The average debt owed per person is now estimated to be greater than $62,000.

The free enterprise, or capitalist, system has done more to improve the material condition of humanity than any other economic arrangement of human cooperation in all of recorded history.

President Donald Trump released his full budget request, outlining priorities for this year and the subsequent decade