The National Debt Is a National Security Issue
The growing debt will "slow economic growth, drive up interest payments," and "heighten the risk of a fiscal crisis," the CBO warns.
The growing debt will "slow economic growth, drive up interest payments," and "heighten the risk of a fiscal crisis," the CBO warns.
Plus: An interview with Montana Gov. Greg Gianforte, Minnesota lawmakers try to save Minneapolis zoning reform from excess environmental review, and the White House's new housing supply action plan.
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
The policy is a true budget buster and is ineffective in the long term.
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
Smokestack-chasing is out. A diversified economy based on environmental protection is in. But will it work?
New Congressional Budget Office data shows how higher-than-expected immigration is a win for the economy and the federal budget.
The reality raises questions about the kind of future we want to leave for the next generation.
Plus: A listener asks if libertarians are too obsessed with economic growth.
His speech in Davos challenged the growing worldwide trend of increased government involvement in economic affairs.
These are the best of times, so let's all stop complaining.
How Florida’s legacy of slow-growth laws is holding back its post-COVID boom.
The state can thank immigrants for much of its recent economic success, but now they're getting the cold shoulder.
Plus: The Reason webathon is happening right now. Donate so we can make more fun podcasts like this one!
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Plus: President Joe Biden’s weird economy and Rep. Mike Johnson as the unlikely new speaker of the House of Representatives.
Especially because the once-dismissed possibility of rising rates is now a reality.
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
This progress has been widely shared, to the great benefit of the people at the bottom of the distribution.
The country's current struggles show the problems of the Beijing way—and make the case for freedom.
Panic over China's rapid economic growth has fueled all manner of big-government proposals. They're looking even more foolish now.
The average working woman in 2023 earns enough money to buy a Barbie doll every 33 minutes. In 1959, it took nearly two hours.
Apparently $600 million to improve a very nice stadium isn’t enough.
Balanced federal budgets aren’t even considered as a possibility.
Plus: Does Tom Cruise really do all of his own stunts?
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
Joe Biden's big economic speech is a poor attempt at a branding exercise.
Americans are more afraid than excited about A.I. But these technologies offer far more to cheer than to fear.
Plus: Was Gerald Ford right to pardon Richard Nixon?
Projections of huge savings are making the rounds. Nothing could be further from the truth.
A more flexible model of oversight avoids hyper-cautious top-down regulation and enables swifter access to the substantial benefits of safe A.I.
Join Reason on YouTube Thursday at 1 p.m. Eastern for a discussion about the limits of population control with Elizabeth Nolan Brown and Scott Winship.
Why the businessman launched a long shot campaign for the presidency.
The longer we wait to address our debt, the more painful it will be.
In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
Taxpayers spent about $500 million to build U.S Bank stadium, which is just seven years old.
Climate change is a problem, but the IPCC AR6 Synthesis Report is wrong to suggest that humanity is on the brink of catastrophic warming.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
True abundance requires a minimal state and free markets.
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
The U.S. remains the top destination for the world's immigrants—but it must be careful not to squander its immigration advantage.
While some Republicans may have had misguided motivations, a few disrupted McCarthy's campaign in order to enact fiscal restraint. Their colleagues were fine with business as usual.
But partisans are having the wrong debate.