national debt

The Moral Dimension to Our National Debt

Michael Tanner, National Review

One wonders how all those young people complaining about their student debt would react if they understood that their theoretical share of the national debt was about $67,000. The growing debt does not come without consequences. There are, of course, economic repercussions. Over time, debt can slow growth, reduce wages, and hinder our flexibility in responding to economic slowdowns. More important, there is a moral dimension as well. Every child born today inherits a portion of that debt. We are living at our children’s expense. You can’t get much more “taxation without representation” than that. If only someone in Washington cared.

GOP List Of Shame On Budget Vote

From our perspective the spending deal was no victory, but another “fear The Turtle” moment in which the not-so-subtle big spending hand of Senate Majority Leader Mitch McConnell manipulated the White House and the House Republican Leadership into once again abandoning any pretense of fiscal restraint.

Border Wall Big Win, But Not Fundamental

President Trump and conservatives won a big victory in the Supreme Court’s Wall ruling and in the otherwise disastrous spending bill, but we must be prepared to renew the immigration fight when Congress returns in September and takes-up the next round of spending bills.

What Do You Call A One-Legged Stool?

Principles matter in elections, and with all four legs of the 2016 big table coalition working full throttle on his behalf Donald Trump is a shoo-in for reelection, but a stool or table supported only by the one leg of Donald Trump’s outsized personality is likely to crash on Election Day.

Conservatives Oppose Trillion Dollar Spending Boondoggle

The Trump administration projected in March that this year’s deficit will hit $1.1 trillion, up from last year’s deficit of $779 billion – a figure comparable to the Obama-era deficit. After months of urging congressional and administration negotiators to prioritize reductions in spending, the Conservative Action Project has come out in opposition to this irresponsible bipartisan budget deal.

Trump Sucked Into McConnell Spending Betrayal

The voters who want fiscal responsibility who powered the Tea Party Wave and the Trump Movement haven’t gone away. While they may grudgingly support President Trump in 2020 against a Far-Left progressive Democrat, congressional Republicans who think they can spend their way to reelection will face the wrath of those voters.

Don’t Let the Swamp Win: President Trump & Congress Must Restrain Spending in Upcoming Budget Deal

As Congress and the White House continue to negotiate a deal on spending caps, 76 leaders of the conservative movement involved in the Conservative Action Project have released a memo urging all parties involved to restrain spending.

Chip Roy wants to actually debate a $19 billion spending bill, and Democrats think it's the end of the world

Rachel Bovard, Washington Examiner

More and more, bills are written behind closed doors by just a handful of members, just as this bill was written by a handful of senators whose states would benefit from it, before being dumped on the larger membership, who is then told to "Pass it, or else." In standing up to the D.C. establishment, Rep. Chip Roy has joined the ranks of Sens. Rand Paul and Mike Lee, plus former Sen. Jim DeMint and others who the swamp loves to hate for doing the jobs they were elected to do. This week, that small club got a new member. Conservatives everywhere should be applauding.

Conservatives Balking At $2 Trillion Infrastructure Plan

President Trump campaigned on increasing infrastructure spending, but we see a carefully laid Democrat minefield looming in this latest “agreement” with plenty of political downside to the President and Republican 2020 candidates if he proposes raising taxes or blows up the deficit before the 2020 election.

McConnell Ready To Betray Trump on Spending

White House officials are leery of where budget talks between McConnell and Pelosi may lead, noting that the last bipartisan deal reached in early 2018 boosted spending by $300 billion over two years. Conservative policy experts are urging Trump not to trust McConnell to put together a spending deal that wouldn’t blow up the deficit.

Republican Spenders: Where’s the Backbone?

Garland S. Tucker III, The American Spectator

As liberals boast about “being morally right,” Republicans have failed to make the moral argument against more deficit spending. Is it moral to spend the nation into bankruptcy? Government has spent trillions of taxpayers’ hard-earned dollars on welfare programs to end poverty since the 1960s — but the poverty rate hasn’t declined. Was that spending moral? Was it moral to create a huge class of Americans who are permanently dependent on the government? The answer is no. It is immoral, and it is dangerous.

Republican House Increased Debt $7.9 Trillion in 8 Years

Terence P. Jeffrey, CNS News

At the close of business on Jan. 4, 2011, the day before the Republicans took control of the House, the debt was $14,014,049,043,294.41, according to the Treasury. On Jan. 3, 2019, the last day before the Republicans turned control of the House back to the Democrats, the debt closed at $21,929,258,046,653.58. So, under the Republican House majorities in four Congresses, the debt climbed $7,915,209,003,359.17. The federal debt did not climb by nearly a trillion dollars a year under a Republican-controlled House because the government did not tax enough, it spent too much.

Tell Your Representative To Vote Yes On H.R. 3 To Cut Spending Today

We join Adam Brandon of FreedomWorks and other conservatives in urging CHQ readers to contact their Representative and Senators TODAY. The toll-free Capitol Switchboard is (1-866-220-0044) ask them to vote YES on the Spending Cuts to Expired and Unnecessary Programs Act, H.R. 3 and S. 2979.

‘After us the flood’

Rep. Tom McClintock, Washington Times

The RSC budget gores every sacred cow in the federal government, and partisans of the status quo will howl in protest. But we are running out of time and running out of options. Those same voices have placed us on a collision course with bankruptcy, and countries that bankrupt themselves aren’t around very long. Every expert who has appeared before the House Budget Committee has agreed that on our current trajectory, it is only a matter of time until a sovereign debt crisis brings down our country. And time is not our friend.

Washington Offers Up Bread and Circuses, but the U.S. Is Remarkably Resilient

John Fund, National Review

We cannot follow our present course indefinitely before the lack of seriousness catches up with us. Adam Smith, the 18th-century father of modern economics, once reassured a friend that there was a “great deal of ruin in a nation,” by which he meant that it takes an awful lot to bring down a powerful and prosperous state. So while we should be pleased our country appears to be handling its current stress tests, we shouldn’t ignore the earthquakes that could come if we don’t pursue permanent reforms.

$21 trillion reasons to fix the budget process

James Lankford and Tom Coburn, Washington Times

In the future, no one will remember the current stock market highs when we face the reality of deep debt and limited economic options. It is time to stop following the well-worn path of deficits and start leading our nation down the road less traveled toward financial health. President Trump campaigned on Making America Great Again. It’s time that we all start working to Keep America Great for the next generation. Hopefully, the Select Committee on Budget and Appropriations Reforms can produce a bipartisan common sense solution that begins to solve our debt crisis.

Obama’s real debt and deficit legacy

Stephen Moore, Washington Times

Mr. Obama’s failed presidency is being falsely lionized as a deficit cutter. The new spin from the left is that Mr. Obama saved the U.S. from a second great depression, when in fact he gave America the weakest recovery from a recession since the Great Depression. He also left Mr. Trump with an economy that was crawling at 1.6 percent— which is why many people thought we were headed to another recession. No one thinks that today.

The Only Way President Trump’s Infrastructure Plan Works

The focus on projects that contribute to GDP growth is what makes the President’s plan workable – or at least worth considering – in this age of massive deficits. Congress should keep the focus there and resist the temptation to siphon money off to boondoggles (like bike paths, parks and trails) that do not produce a return on investment through GDP growth.