“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
Donald Trump has a spending problem. Even before the COVID-19 pandemic, the federal government was on pace to break the single-year contract spending record of $598 billion. By the way, that spending record was set just last year. According to the latest data, the...
If you hoped the Trump administration would take some kind of action to slow down spending after running the biggest budget deficit in seven years in FY2019, you’ll be disappointed. In fact, the administration ramped up spending in the first month of FY2020. The...
WASHINGTON (July 26, 2019) – Trump’s bipartisan spending deal took a step closer to reality on Thursday when the House passed a budget bill by a 284-149 vote. The bill increases discretionary spending from $1.32 trillion in the current fiscal year to $1.37...
TAC memberships help us produce more educational tools like this. Members can download this video and read the full transcript here. “No one, and I mean no one, gets a pass when the national debt keeps going up towards 22 trillion – and beyond”...
The Trump administration is on track to post a 2019 fiscal year budget deficit of over $1 trillion. These are the kind of budget deficits we would expect to see during a deep recession, not an “economic boom.” The government got off to a good start at...