Newsletter

  • Quote of the Day: Time to Raise Taxes?

    “Tax revenue as a percentage of gross domestic product is expected to be 16.5 percent next year. The long-term average in a full-employment economy is 18.5 percent of GDP; if revenue were at that...

  • Happy Birthday, Social Security!

    President Franklin D. Roosevelt signed the Social Security Act into law 83 years ago today, August 14, 1935. Here are some key facts about the program, courtesy of the Center on Budget and Policy...

  • Meet Trump's 'Shadow Rulers' of the Veterans Administration

    Last February, shortly after Peter O’Rourke became chief of staff for the Department of Veterans Affairs, he received an email from Bruce Moskowitz with his input on a new mental health initiative...

  • U.S. President Donald Trump at the White House in Washington, U.S. January 23, 2018.  REUTERS/Jonathan Ernst

    Stat of the Day: 0.2%

    The New York Times’ Jim Tankersley tweets : “In order to raise enough revenue to start paying down the debt, Trump would need tariffs to be ~4% of GDP. They're currently 0.2%.” Read Tankersley’s full...

  • The Coming Government Spending Spree

    The end of the U.S. government’s fiscal year is less than two months away, and as Frank Konkel lays out at Nextgov , that means federal agencies will be on a mad dash to spend a big chunk of their...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    The Deficit Is Up 20% This Year

    The federal deficit was 20 percent larger in the first 10 months of fiscal year 2018 than it was during the same time last year, the Congressional Budget Office announced Wednesday. Revenues rose 1...

  • Senator Bernie Sanders (I-VT) speaks during an event to introduce the "Medicare for All Act of 2017\

    Putting a Price Tag on the Democratic Socialist Agenda

    A number of policy proposals associated with the “democratic socialist” agenda of Bernie Sanders and Alexandria Ocasio-Cortez are gaining ground in the Democratic Party and will likely play a role in...