Practical policy solutions for a free and prosperous America
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View allThe Federal Budget: Spending, Taxes, and Debt
National Debt Tops $39 Trillion
Why and How Congress Must Stop Speeding Down the Road to $40 Trillion
Testimony
Remarks before Congress by Dr. Bill Beach on "Reducing America’s National Debt: Rooting Out Federal Waste, Fraud, and Overregulation"
May 14, 2026 · William W. Beach, D. Phil.
At EPIC, we are writing the next chapter for the American economy so that everyone can live the American Dream.
Issues
The Economy
The country may be struggling, but EPIC is optimistic about the future of the American economy because the American people are innovative and capable.
Explore →The Federal Budget: Spending, Taxes, and Debt
Government spending is out of control. If the American people can make tough decisions and only spend within their means, so can Washington.
Explore →Education, Workforce, and Retirement
The American worker is the backbone of our economy. They deserve every opportunity to succeed, from Pre-K through their working years and into retirement.
Explore →Social Programs
Social programs, including welfare and health care programs, are the biggest drivers of federal spending – but they also touch Americans’ lives most directly.
Explore →