There has been a great deal of action lately on matters affecting deficits and debt and much still in the works as policymakers rush to meet some deadlines at the end of the year. Tax cuts are now at the top of the agenda, but there is a lot more on Washington’s plate. Here’s your fix for the latest developments on the federal budget and national debt.
Lost in the discussion about how tax cuts will affect the national debt is an understanding of what the debt situation already looks like before tax cuts are factored in. Here is a quick and simple look at where we are, where we are heading, and how tax cuts could affect the outlook. In short, tax cuts that add to the debt will make an already dreadful state of affairs even worse.
Congress is finally moving on a federal budget, but lawmakers need your help to show them how to do it right.
It’s back-to-school time for families across the country and Congress is back to work on several issues that could affect the country’s bottom line for a very long time. So, this is a good time to take a crash course on the federal budget and national debt.
Things are hot and heavy in Washington in the middle of summer with lots of action on issues affecting the budget and debt. The forecast calls for deficits and debt to rise considerably but the outlook for producing next year’s budget remains unclear. Here’s your fix for the latest developments on the federal budget and national debt.
National Debt and You