National Debt

Blog Post

Fiscal Picture Likely Worse

August 13, 2018

The federal budget is currently on an unsustainable path, and that path has been made worse by recent congressional action.

Blog Post

Tariff Revenue Won’t ‘Pay Down’ the Debt

August 08, 2018

President Trump’s claim this week that his tariffs will enable the government to start "paying down" large amounts of the federal debt is wrong for a very simple reason: It is impossible to reduce

Blog Post

Debt Warnings Based on Experience

July 23, 2018

Ben Bernanke, Henry Paulson and Timothy Geithner played central roles in dealing with the financial crisis 10 years ago that stunned the nation and threatened economic disaster.