• A $1 Trillion Deficit Is Bad. The Reality Is Much Worse.

    By Chuck Chokel

    President Trump’s signing of a two-year budget deal earlier this month may have averted the chances of another government shutdown before the 2020 election, but it certainly added to the exposure of...

  • The President and Congress Are Fiscal Swamp Monsters

    By Ivan Eland

    All the recent talk in the political media has been about ideological division and partisan rancor, yet the results when progressives and nationalists and Democrats and Republicans agree should also...

  • Congress Needs Some Fiscal Rules

    By Veronique de Rugy and Jack Salmon

    Approval ratings for Congress are slumming at 17%. This is nothing new. With the exception of a short-lived patriotic spike following 9/11, it has been going on for decades . Yet this already failing...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    The Surprising History of the Standard Deduction

    By Sheila Weinberg

    Seventy-five years ago, President Franklin Delano Roosevelt put his signature on what he heralded as “a realistic tax law—which will tax all unreasonable profits, both individual and corporate.”...

  • Month After Month, Our Politicians' Poor Financial Decision-Making Continues

    By Sheila Weinberg, The Fiscal Times

    With the first quarter of the year now behind us, let’s take a moment to remember just how rocky a start it was. The federal government entered the year with a whimper, as a shutdown paralyzed...