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  • The Fiscal Challenge
    • Our National Debt

      Understand the U.S. national debt, why it matters, and what we can do.

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      Learn about the budget, how it’s created, and how we can fix our budgeting process.

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The United States Spends More on Defense than the Next 9 Countries Combined

By briteweb | May 5, 2025
A U.S. soldier mans a gun at the back gate aboard a helicopter

Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world.

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The National Debt Can Crowd Out Investments in the Economy — Here’s How

By briteweb | April 23, 2025
Workers on concrete wall form

Large amounts of federal debt could “crowd out” investments by the private sector, making the economy less productive and stunting wage growth.

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Growing National Debt Sets Off Alarm Bells for U.S. Business Leaders

By svillarreal | April 21, 2025
View of skyscraper buildings from the ground.

Debt rising unsustainably threatens the country’s economic future, and a number of business leaders have signaled their concern.

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Debt vs. Deficits: What’s the Difference?

By briteweb | April 16, 2025
U.S. Treasury building

The words debt and deficit come up frequently in debates about policy decisions. The two concepts are similar, but are often confused.

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Social Security Reform: Options to Raise Revenues

By briteweb | March 7, 2025

Here are the pros and cons for three approaches to increasing funds dedicated to Social Security.

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How Much Is the National Debt? What Are the Different Measures Used?

By briteweb | February 25, 2025
A poster and electronic billboard displayed near Ted Turner Dr and Marietta St that displays the current U.S. National debt per person and as a nation at 36 Trillion dollars

There are three widely used measures of federal debt. What are the important differences between these measurements?

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What Is the Primary Deficit?

By briteweb | February 3, 2025

The primary deficit is the difference between government revenues and spending, excluding interest payments. Learn more about the U.S. primary deficit.

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What Are Automatic Stabilizers and How Do They Affect the Federal Budget?

By briteweb | February 3, 2025
People receive food at a weekly distribution

To better respond to business cycle fluctuations, many important programs in the federal budget automatically adjust spending based on economic conditions.

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Three Key Things to Know about CHIP

By briteweb | December 23, 2024
Mother And Daughter With Staff In Pediatric Ward Of Hospital

The Children’s Health Insurance Program is a key piece of the social safety net. Let’s take a look at what CHIP is, how it is financed, and who benefits from it.

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Social Security Reform: Should We Raise the Retirement Age?

By briteweb | December 4, 2024

Many policymakers have called for the full retirement age to be gradually raised and ultimately pegged to average life expectancy.

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