Budget Deficit Forecast to Top $1 Trillion in 2020
"Changes in fiscal policy must be made to address the budget situation because our debt is growing on an unsustainable path," the CBO says.
‘The Federal Government Does Not Need Revenue’
The government can't go broke, says a leading proponent of Modern Monetary Theory. What's more, the huge and growing national debt is great for the economy.
Dollars, Deficits, and “Duh” in Davos
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
Tax Cuts: Be Careful What You Wish For
The short-term economic boost that the GOP-proposed tax cuts would generate wouldn't be sustainable without growth in the already-tight labor market.
CBO: Shutdown Looms If Debt Ceiling Isn’t Lifted
Projected budget deficits have also increased amid ‘surprisingly weak tax collections.’
How Corporations Subsidize the Federal Debt
The exploding federal debt motivated the Fed’s low interest rate and liquidity policies which, inadvertently, have penalized corporations.