Tucked inside the sprawling One Big Beautiful Bill Act (OBBBA) is a hefty clause that raises the federal debt ceiling by a whopping $4 trillion. In plain English, this means the U.S. Treasury gets permission to borrow up to that higher limit so it can keep paying the bills Congress has already racked up, things…
House Republicans’ Budget Bill: A Step in the Right Direction, But Still Kicking the Can Down the Road
House Republicans narrowly passed a multi-trillion-dollar budget bill that seeks to extend tax cuts, increase defense and immigration enforcement spending, and trim $2 trillion in government spending over the next decade. The bill represents a necessary course correction from the reckless fiscal policies of the Biden administration, but let’s be clear: while it’s a step…
Understanding the National Debt and Trump’s Role
In today’s political climate, it’s common for leaders on both sides to simplify or misrepresent facts, often creating a distorted picture of who is responsible for the nation’s economic challenges. Governor Tim Walz’s recent comment during the vice-presidential debate that Donald Trump’s tax cuts led to the largest increase in national debt at $8 trillion…