Through massive pandemic aid, the 2020 CARES Act ballooned the federal deficit. With spending far exceeding revenue, the difference was $2.8 trillion: Now, President-elect Biden has proposed a new $1.9 trillion relief package. It includes payments to Americans who…
At $1 trillion, the ballooning U.S. deficit can be understood as a number, as a proportion of the budget, and the reason we owe China so much money.
In a new report, the Congressional Budget Office (CBO) presents a menu of choices that we will need to consider if we want single payer healthcare.
Although end-of-life Medicare spending accounts for a relatively large slice of its budget, it’s tough to cut for a reason that none of us would expect.
A look at the NASA shutdown reveals the massive human cost and the programs that are affected when an agency is suddenly unfunded.
A government shutdown is again in the news. The key date is December 21. If federal agencies without funding do not get their money by then, they have to follow their shutdown rules. I suspect most of us will be…
To see why another partial government shutdown is a possibility, we can look at the Congress’s continuing resolutions (CRs).