Budget Watchdog All Federal
The podcast dedicated to making sense of the budget, spending, and tax issues facing the nation. We cut through the partisan rhetoric and talking points to bring you the facts about what's being talked about, bandied about, and pushed in Washington. Budget Watchdog All Federal is brought to you by Taxpayers for Common Sense.
Budget Watchdog All Federal
100 Cents on the Dollar: National Debt Crosses a Historic Threshold
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The U.S. economy grew at a solid 2% annual rate in the first quarter of 2026. So why is Taxpayers for Common Sense sounding the alarm? Because at the same moment, the national debt held by the public crossed 100% of GDP — a threshold once considered unthinkable. TCS President Steve Ellis and Director of Research and Policy Josh Sewell break down why good economic news and a historic debt milestone aren't reassuring — they're a warning. If we're running a $1.9 trillion deficit when times are good, what happens when they're not? Steve and Josh examine the structural drivers behind the debt, the systematic dismantling of every fiscal guardrail Congress has ever built, the misuse of budget reconciliation, and why Washington's political class — in both parties — keeps finding new ways to avoid the hardest decisions. This isn't a partisan story. It's an arithmetic one.
