The next vote on paying the nation’s bills will be after the ’22 election, creating an opening for a campaign about the country’s soaring national debt – and discussion about how to depoliticize the borrowing cap that funds it.
While fueling progress on climate change, access to healthcare, and income inequality, the Biden plan would add to record debt. If it passes, how will voters make responsible budgeting an issue next year?
President Biden’s proposal to add three new benefits ignores concerns over looming Medicare insolvency and our historically high national debt.
When we interviewed Maya MacGuineas earlier this year, she made her case for real policy debate by putting serious ideas on the table and challenging others to do the same. We couldn't include them all in our profile of her, so we decided to excerpt some of her comments here.
Raising the debt ceiling will make Congress confront past spending decisions, but puts no limits on future spending despite claims by some congressional leaders.
President Biden has decisively answered one of the most critical early questions of his administration, making plain that increased public investment in response to the pandemic-induced economic crisis will be his priority rather than curbing the growth of the national debt.
The national debt has returned to the spotlight thanks to rising NBA star Spencer Dinwiddie and the COVID Money Tracker, an accountability tool from the Committee for a Responsible Federal Budget.