In The News

January 16, 2024
News
Matthew Dickerson writes in The Hill: Federal spending last year was nearly $1 trillion higher than projections made before the Biden presidency. Remember that the next time you hear President Biden claim that he has reduced the deficit.
December 7, 2023
News
The term “congressional commission” has lost its novelty. Congress has established over 100 congressional commissions, including several focused on major budget and economic questions. Yet the US national debt stands at $33.7 trillion and counting. As a result, empaneling a new commission (like the bipartisan debt commission Republican House Speaker Mike Johnson recently proposed) is just as likely to elicit a skeptical eyeroll as genuine optimism.
December 6, 2023
News
Paul Winfree, EPIC President and CEO, writes in RealClear Policy: The COVID-19 pandemic was the catalyst for a tsunami of federal spending that has since continued apace. What’s worse, since 2020, the United States has paid for 76 percent of the additional spending with interest-bearing debt. That’s more debt as a percent of total spending than the […]
October 23, 2023
News
Dr. Bill Beach, EPIC Senior Fellow in Economics, was on the DC EKG Podcast with Joe Grogan and Eric Ueland discussing economic policy including his new paper on The Crisis in Financial Governance. You can listen to the entire episode wherever you download podcasts or here.
October 13, 2023
News
Paul Winfree, EPIC President and CEO, writes in RealClear Politics that: The Biden administration has demonstrated that this absenteeism is fueling lower test scores now, with absences affecting the drop in test scores over the last three years by as much as 45%. However, I studied the impact of school closures on children’s economic prospects, and extended absence from […]
September 28, 2023
News
With another government shutdown looming, it is easy to assume that this particular governance failure is happening more often. Yet far fewer shutdowns have taken place in the past two decades than in the 1980s and 1990s. While funding gaps remain relatively rare, they now tend to last longer and the politics behind them are […]
August 31, 2023
News
By Brooklyn Roberts and Thomas Savidge, WSJ - Fitch’s decision to downgrade the U.S. credit rating came with a prediction of “fiscal deterioration”—the U.S. has a debt-to-GDP ratio of 112.9% and lawmakers appear unable to make a serious commitment to getting control of spending. This could mean painful cuts to programs like Medicaid, which provides health insurance to 90 million people. Does Congress have a plan to right the ship? If federal funding dries up, states will face a nightmare budgeting scenario to keep current Medicaid coverage in place.
August 22, 2023
News
By Jeff Stein, Washington Post - Former president floats 10 percent tax on all foreign imports and calls for economic ‘ring around the collar’.