Joining Cato to Restrain the Federal Budget Leviathan

Romina BocciaThe U.S. federal budget is on a fiscal collision course with economic reality. Failing to significantly shift course threatens to undermine the vitality of the U.S. economy, the ability of the federal government to supply real public goods like national defense, and prevent the federal government from responding most effectively to unpredictable crises, such as war.Today, I am joining the Cato Institute to do my part to prevent a severe U.S. fiscal crisis by restraining the federal budget leviathan. I ’ll write and speak about federal spending, the budget process, the economic implications of rising debt, and Social Security and Medicare reform – complementing the fine work of my new colleagues Jeff Miron, Chris Edwards, and Michael Tanner. You’ll find my research here at Cato and you can a lso sign up to receive updates directly in your inbox, by subscribing to my free Substack:The Debt Dispatch.The current bout of inflation is causing middle and low ‐​income American families undue harm, forcing tough choices about what to buy and what to go without, or how much additional debt to take on to make ends meet. According to a report by the New York Fed, U.S. household debt increased to a record $16.15 trillion in the second quarter –with credit card balances rising more, as a percentage compared to last year, than they have in the preceding 20 years.The harm from staying the current fiscal course threatens to escalate ...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs