"It's not a Ponzi scheme," Penn Wharton's Kent Smetters explained to Fortune. "It's a shell game." ...
The United States borrowed $1.0 trillion in the first five months of Fiscal Year (FY) 2026, including $308 billion in February, according to the latest ...
Under CBO’s latest projections, the interest rate will exceed the growth rate (R>G) starting in 2031, when both are projected to total about 3.8% on a nominal basis and 1.8% on a real basis. Over time ...
The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, ...
Our national debt is a spending problem, not a revenue problem. Tax hikes alone can’t solve the problem—and they might even ...
In his address to a joint session of Congress in March 2025, President Donald Trump set a bold goal for the U.S. government. ...