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www.thefiscaltimes.com | ||
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blairbellecurve.com
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| | | | | The size of the U.S. national debt is getting a lot of attention lately, and for good reason. Deficit spending through the COVID pandemic was enormous, pushing the total outstanding debt to a staggering $31 Trillion, with a T. A better way to measure the size of the debt is as a percentage of our... | |
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www.pgpf.org
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| | | | | Tax expenditures are costly for the federal government but they can be effective vehicles for lawmakers to achieve policy goals. | |
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www.gao.gov
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| | | | | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic. | |
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www.pgpf.org
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| | | Cracking down on the tax gap would not only introduce more fairness into the system, but it could be a big help for our nation's fiscal imbalance. | ||
