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Dec 01 2021
Analysis
Biden's Build Back Better Act Will Likely Cost Twice as Much as the CBO Projects. Here's Why.
President Joe Biden's Build Back Better Act is likely to end up costing taxpayers about double what the official price tag suggests, and much of that hidden cost will end up being added to the national debt.
That's the conclusion from two independent analyses of the proposal released in recent weeks. Both rely on a key assumption that did not figure into the Congressional Budget Office'
Reason
Apr 28 2022
Fact Check
Biden’s Deficit Spin
In recent speeches, President Joe Biden has been misleadingly taking credit for cutting federal deficits by historic amounts, though most of the reduction in deficits is the result of expiring emergency pandemic spending. Deficits fell between fiscal year 2020 and 2021 far less than initially projected after Biden added to them with more emergency pandemic and infrastructure spending.
FactCheck.org
Feb 28 2013
Opinion
Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits
Federal deficits and debt have been sharply higher under President Obama, but the evidence continues to show that the Great Recession, President Bushs tax cuts, and the wars in Afghanistan and Iraq explain most of the deficits that have occurred on Obamas watch  based on the latest Congressional Budget Office projections as well as legislation enacted since we last issued this analysis
Center on Budget and Policy Priorities
Oct 26 2019
News
The U.S. deficit hit $984 billion in 2019, soaring during Trump era
The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth. The deficit grew $205 billion, or 26 percent, in the past year.
The country’s worsening fiscal picture runs in sharp contrast to President Trump’s
Washington Post
Oct 26 2017
News
House approves Republican budget plan, paving way for sweeping tax overhaul
The House voted Thursday to adopt a Senate-passed Republican budget plan, clearing the way for a sweeping overhaul of the tax code for individuals and businesses that could add as much as $1.5 trillion to the national debt.
USA TODAY
Jul 27 2020
News
LeBron James' voting rights group is paying fines for convicted felons so they can vote in Florida
The voting rights organization founded by NBA star LeBron James is contributing $100,000 toward paying fines for convicted felons in Florida so they can vote, Politico reported.
James and other athletes and entertainers founded More Than a Vote after the death of George Floyd as a group focused on increasing voter turnout among minority communities. In Florida, convicted felons were
The Blaze
Oct 14 2013
News
Senate Dems Go Old Testament: An eye for an eye
Senate Democrats are looking for payback from Republicans as the clock runs down on debt talks.
Fox News Digital
Oct 08 2013
News
Senate Republicans Flirt With Default
Forget the warnings of economists and the treasury secretary that a default of United States debt would be catastrophic.
HuffPost
Sep 24 2013
Opinion
Opinion: How Congress could blow up economy
The consequences of default on the national debt may be far worse than Congress knows.
Politico
Apr 08 2018
News
House Republicans to vote on a balanced budget amendment amid conservative ire over spending
The Republican-led House will vote this week on a balanced budget amendment to the Constitution, an effort to quell anger from conservative activists who say the GOP-led Congress is presiding over a ballooning debt and out-of-control spending.
USA TODAY