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U.S. Defense Spending Continues To Spiral Out of Control

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How much the U.S. should allocate to the Department of Defense remains a contentious topic in the debate over government spending. After a great deal of chaos, on March 23—about halfway through the fiscal year—Congress approved an appropriations bill worth $825 billion for defense in FY 2024 to avoid a partial government shutdown, less than […]

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Say No to This: America’s Fiscal Norms Are in Decline

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Washington Post columnist Megan McArdle recently wrote that the best argument made in favor of limiting the size of the stimulus during the Great Recession—part of a larger conversation about austerity—was one of ethos. “We weren’t spending the money in theory,” she wrote, “or in 1945, when an ethos of fiscal responsibility prevailed. We were […]