debt Archives - Ethics & Public Policy Center

Does the Debt Matter?

Massive debt is surely a real problem. But rather than a sudden, Greek-style economic implosion, in the United States, it likely poses the threat of a gradual and incremental weakening of economic potential.

Yes, Federal Debt Is Out of Control. But This Is Not the Time to Pinch Pennies.

Senate Republicans are right to be worried about rising federal debt. But they are wrong to artificially limit the level of spending in the latest coronavirus relief package.

Big Government Is About to Get Really Popular

The Trump administration’s intent to ask for an $850 billion stimulus package to reduce the coronavirus’s economic impact is just the first example of the new normal.

Trump’s Budget Proposal Shows How Badly We Need Bipartisan Compromise

Bringing the deficit down can only come about through a bipartisan deal that puts both tax hikes and spending cuts on the table.

We Need to Get Serious about Putting Our Fiscal House in Order

Though fewer and fewer Americans care to admit it, the country’s long-term deficit and debt problems aren’t going away.

The Entitlement Crisis Is Looming

President Trump has put an end to the fighting over entitlement reform by simply refusing to face the problem altogether, in effect denying that any solution is needed at all. He has taken the Democrats’ denial a step further, and Republicans have been all too willing to follow his lead.

Tariffs and the Debt

Whatever one thinks of tariffs, “paying down large amounts of the $21 Trillion in debt that has been accumulated” is not something they could achieve. Maybe the president knows that, maybe he doesn’t.

Remember the Deficit?

A new Congressional Budget Office report nicely summarizes what should be obvious to all: the Republican Congress and president do not seem to care about deficits or debt, and are not only failing to take steps to address the government’s poor fiscal situation but are taking steps likely to worsen it some.

This Is What You Call a Conservative Budget?

Republicans have used their control of the legislative and executive branches to enact a huge tax cut without offsetting spending reductions, to increase domestic discretionary spending to levels that delight Chuck Schumer and Nancy Pelosi, and to leave entitlements — the great drivers of unsustainable debt — untouched.

The Debt Is Still a Major Threat

Political leaders should take steps now to head off the debt crisis that will occur if policies are not changed. Waiting for the crisis to hit before acting would lead to much more painful austerity.