Related to existing fiscal policy obligations, the X-date indicates precisely when the U.S. must have a higher debt ceiling.
The Surprising Ways that Governments Get Money
Thinking of how governments fund all they do, we usually think of taxes. But there is much more. Government Revenue U.S. States Desperate for cash, in 2010, Arizona’s governor sold the state capitol. The deal included the House and Senate,…
Why Federal Spending Cuts Come After Raising the Debt Ceiling
We can look at the federal budget to see why the debt ceiling should be raised before debating federal spending tradeoffs.
A Global Look at Spending and Taxes
Comparing national spending and taxes in the United States to other similar countries, we see big differences.
Why Presidential Jets Have Sky High Costs
Looking at the combination of luxury and defense, we can see why the new Air Force One presidential jets are an expensive purchase.
6 Facts: Are Sin Taxes a Blessing?
With their U.S. roots in a 1790s Whiskey Rebellion, sin taxes vary when looking at current consumption and their state revenue.
How to Decide if a Hot Dog Is a Sandwich
The hot dog in a bun becomes more than a meal when sandwich classification determines if it’s taxed and who can compete.
The Impact of High Marijuana Taxes
Federally legalizing marijuana involves complexities that range from decriminalization to the impact of new taxes on businesses and states.
Deciding Who Won’t Get a U.S. Check
During two dates in December, we can worry about federal spending and debt and who won’t get a check from the U.S. government.
How Can You Cut $3.5 Trillion That Will Build Back Better?
To begin to grasp President Biden’s spending proposals and the spending cuts debate, we need to understand big numbers.