America’s Exploding Budget Deficit

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May 29, 2018, Opinion: "The federal government’s debt has risen from less than 40% of GDP a decade ago to 78% now, and the Congressional Budget Office predicts that the ratio will rise to 96% in 2028. While many blame the tax cuts enacted last year, the real reason lies elsewhere."

In This Section

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Financing trillion-dollar infrastructure projects? Here’s some advice

The Ghost Budget: How U.S. war spending went rogue, wasted billions, and how to fix it

I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat