If Republican lawmakers vote for a debt limit increase, they own the reconciliation bill — all of it.
All this means a lot of pain. Given how quickly our debt is increasing, that pain isn’t just in store for distant future generations.
The infrastructure deal is packaged as something that will help the country, but it is really a way for Democrats to take power from the people and give it to the federal government.
It’s been a rocky week for Democrats. Internally divided, members fight with leadership over issues ranging from the border crisis to terrorism.
More than half of high school and college students say it’s “not fair” for people who did not attend college to pay for student loan debt with their taxes.
On August 1, the debt limit will reset at its new level, likely north of $28 trillion, at which point the Treasury Department will use extraordinary measures to remain below the new limit.
Washington’s welfare-industrial complex both discourages work and leads people to expect that government will solve the problems government has created.
At our current rate of spending, the U.S. will be unable to confront major problems in the future because we’ve already stretched ourselves too thin.
At a CNN town hall last week, Joe Biden emphasized that he is considering making taxpayers pay off $10,000 of every person’s outstanding student debt. This is a giveaway to the rich.
Regardless of whether Biden would find a loophole or merely attempt to cajole Congress, it remains concerning that there are many people who want him to force taxpayers to bail out the well off.
Congressman Ken Buck is the author of the new book, “Capitol Freedom: Restoring American Greatness.”
Because of the coronavirus bailouts, the federal deficit is now expected to be $3.7 trillion for fiscal year 2020. This is a huge drag on Americans’ earnings and retirement security.
Section 2302 of the CARES Act is very costly and administratively burdensome, and it doesn’t achieve the objective of stabilizing our businesses so they can keep the workforce employed.
The nation’s central bank stated in an emergency that it was ‘prepared to use its full range of tools’ to keep the economy afloat.
The federal student loan program has enriched Sallie Mae, private banks, and colleges, but exposed U.S. taxpayers to enormous financial risk.
To say America appears headed for a destabilizing debt crisis is not the same as saying every cultural consequence will be negative. It could well lead to a mass religious revival.
Both of us grew up poor. College was our way out of poverty. Now, we see too many young people locked into poverty by a college education.
Jerome Powell, the chairman of the Federal Reserve, issued an ominous warning to lawmakers Wednesday that the federal budget is on ‘an unsustainable path.’
From the very beginning, Sanford acknowledged the uphill battle he was up against by launching a primary against a president of his own party.
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