Category Archives: National Debt

Congress learns Pentagon wasted $1 trillion, promptly gives it bigger budget

By Eric Levitz, New York Magazine | Here’s a fun little thought experiment: Imagine a “big government” bureaucracy embarked on a wildly ambitious project of social engineering — only to discover, almost immediately, that it had little hope of meeting … Continue reading

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OpenTheBooks.com founder talks about a new report on America’s debt and spending habits.

It’s called use-it-or-lose-it spending. Federal agencies spent $97 billion in the last month of the fiscal year — September 2018. These agencies rush to spend down their budgets at year’s end so they don’t lose it for the next year. … Continue reading

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Can we stop pretending Republicans care about fiscal responsibility?

By Sal Rodriguez | Republicans in Congress have always talked a good game about cutting government spending and being fiscally responsible, but they sure have a knack for never following through and only making things worse. The federal government ended … Continue reading

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