FISCAL BLOG

The federal government has enacted five pieces of legislation that provide relief to individuals and corporations that have been affected by the COVID-19 pandemic. To finance those provisions, the Treasury Department has ramped up its borrowing.

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The percentage of income that Americans pay in taxes can vary widely and depend on many factors.

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Currently, more Americans owe a greater average amount of student debt than at any time in U.S. history.

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Unemployment Insurance can be a critical government tool to ease suffering from economic downturns and hasten a recovery.

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High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.

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The American Rescue Plan included a one-year expansion of the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC). Both programs have proven to be popular and effective in reducing child poverty.

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Our high and rising debt is “a big burden placed on current citizens, based on our past budgetary irresponsibility,” said Michael Peterson, CEO of the Peter G. Peterson Foundation, in a recent appearance on C-SPAN’s Washington Journal.

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Spending on healthcare in the United States has far outpaced other major healthcare systems without yielding better outcomes.

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The rise in healthcare spending was largely driven by the federal response to the COVID-19 pandemic.

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The strong rebound in 2021 was partially due to the high economic growth experienced in the fourth quarter.

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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.