Federal government debt is rising as politicians increase spending faster than tax revenues are coming in the door.

President Biden and congressional Democrats are pushing to raise capital gains taxes.

If there’s one thing we know about the looming debt limit crunch and the warnings about the dire consequences of default, it’s this: The government is not going to default.

To fund spending increases, President Biden and the Democrats are proposing to raise corporate income taxes.

House Democrats are moving ahead with a huge bill to raise taxes on businesses and individuals, increase welfare handouts, and micromanage numerous industries.

After midnight on July 31st, the federal government reached the $28.5 trillion debt limit, which is the amount of money Congress allows the Treasury Department to borrow to keep the government running.

Democratic leaders in Congress are moving ahead with a $1 trillion infrastructure bill and a $3.5 trillion reconciliation bill to expand entitlement programs.

Federal government debt rose from $3.3 trillion in 2001, to $10.1 trillion in 2011, to $23.0 trillion in 2021.

The proposed Democratic spending plan would provide $20 billion more in subsidies for American Indian programs.

Democratic leaders in the House and Senate are hoping to pass a $1 trillion bill to fund infrastructure and a $3.5 trillion bill to fund new and expanded entitlement programs.