LPA Foundation

Issues Forum: Budget

Budget

Budget

New CBO Report Shows Higher Taxes Amidst Nightmare Debt

July 14, 2016

The Congressional Budget Office has just released their annual “Long Term Budget Outlook” which shows the path of taxes, spending, and debt over the next thirty years. As usual, it’s a very depressing document. There’s already good write ups on it in the Wall Street Journal, as well as by Dan Mitchell of the Cato Institute […]

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Advisor John Hart

Advisor John Hart

No, Reviving Earmarks won’t Revitalize our Democracy

June 30, 2016

In a recent piece in The Atlantic “How American Politics Went Insane,” Jonathan Rauch argues that the bizarre 2016 cycle is essentially the consequence of over-reforming Washington. The problem, according to Rauch, is that when you try to take the politics out of politics nothing gets done. The solution? Bring back pork. Rauch writes: “For […]

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Advisor Victor Davis Hanson

Advisor Victor Davis Hanson

America In Free Fall

June 20, 2016

Before the Battle of Chaeronea (338 BC), where Philip II of Macedon prevailed over a common Greek alliance, the city-states had been weakened by years of social and economic turmoil. To read the classical speeches in the Athenian assembly is to learn of the democracy’s constant struggles with declining revenues, insolvency, and expanding entitlements. Rome […]

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Budget

Budget

How Trump Would Deal with the National Debt

May 11, 2016

The budget deficit is going up. The Congressional Budget Office recently warned that revenues this year are lower than had been expected. This means that the deficit will almost certainly be higher than the $544 billion previously projected. With our national debt now topping $19.15 trillion and likely to reach $29 trillion by 2026, this […]

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Advisor Stephen Moore

Advisor Stephen Moore

Sanders’ Workers’ Paradise Faces Moment of Truth In Collapse of Puerto Rico

April 18, 2016

If you want to see welfare-state socialism in action, go to bankrupt Puerto Rico. ‎Let’s hope Bernie Sanders’ voters are paying attention to what their worker paradise dreams turn into in real life. Puerto Rico is a financial basket base with the island’s $75 billion debt now eclipsing 100% of its output. The government is […]

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