On Friday, September 29, 2017, after months of dysfunctional delay, the U.S. Senate finally got around to passing its own version of a budget blueprint for the U.S. government’s 2018 fiscal year, which officially got underway on Sunday, October 1, 2017. Politico‘s Sarah Ferris describes some of the politics that are built into the…
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Following up President Trump’s surprising deal with Congressional Democrats to suspend the U.S. government’s statutory debt ceiling through December 15, 2017 as part of providing funding to support hurricane damage relief in Texas, Louisiana and Florida, President Trump also appears to have reached a “gentleman’s agreement” to permanently eliminate the statutory debt ceiling altogether….
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Readers of MyGovCost will likely be interested in this week’s Econtalk podcast with Don Boudreaux on the nature and significance of public debt. Roberts and Boudreaux begin by discussing debt at the household level and then work to draw out which lessons apply to the spending of a federal government. In doing so, the…
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