FISCAL BLOG

Monthly Archive for September 2022

The pandemic caused a severe economic slowdown that reduced tax revenues and generated a set of large legislative responses.

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President Biden’s proposed policies, if enacted, would reduce deficits over the next decade, according to an analysis recently published by the Congressional Budget Office (CBO).

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One of the most fundamental responsibilities of the federal government is to set and pass a budget every year, allocating funding towards the nation’s needs and priorities.

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The amount of defense spending in the United States dwarfs that of other nations — we spend more on defense than the next 9 countries combined.

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The federal deficit is projected to be over $1 trillion each year for the next 10 years.

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Expert Views: Inflation, Interest & the National Debt

We asked experts with diverse views from across the political spectrum to share their perspectives.

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.