Debt & Deficits

Why Should We Worry About the National Debt: Questions and Answers

“Why Should We Worry About the National Debt?” describes six important ways that the growing national debt will affect the budget and the economy....

Why Should We Worry About the National Debt?

Though the national debt is at a post-war high, the willingness of policymakers to address it seems as if it is at an all-time low. The last two...

Tyler Evilsizer: Fiscal Negligence of Recent Congresses Must Be Dealt With Now

Tyler Evilsizer is deputy policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for...

Three-Fifths of This Year's Deficit is Policymakers' Fault

The budget deficit will be almost $900 billion this year according to projections from the Congressional Budget Office (CBO). By our estimates, 60...

Annual Deficits Could Hit $2.3 Trillion

Deficits are rising quickly under current law, as the Congressional Budget Office's (CBO) recent budget outlook demonstrates. Under current law, CBO...
Concept_Debt_pennies

Tax Cut and Spending Bill Could Cost $5.5 Trillion Through 2029

The 2017 tax cut and the 2018 spending bill loom large in the latest Congressional Budget Office (CBO) outlook; the two pieces of legislation as...
Concept_DC_Capitol Building

Q&A: Everything You Should Know About the Debt Ceiling

One issue that must be addressed soon is the federal debt ceiling, which will be reinstated on March 2, 2019 at around $22 trillion. At that point,...
Maya MacGuineas

Maya MacGuineas: The Rise of Free Lunch Economics & the Growth of Our National Debt

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an ...
Concept_Interest

As Debt Rises, Interest Costs Could Top $1 Trillion

The fastest growing item in the budget over the next decade will be interest on the debt, according to the Congressional Budget Office (CBO). In...
Concept_Business_Interview_Analysis

The Two Factors That Explain the Improvement in the Budget Outlook

This year's Congressional Budget Office (CBO) budget outlook was a slight improvement over last April's, although it still shows a...

Pages