Trustees of the Social Security system have long warned that as more and more baby boomers retired, Social Security would eventually start sending out more money in benefits than it was collecting from its payroll tax. At that point the…
Before leaving town in December, Congress raised the statutory debt limit by $290 billion to $12.39 trillion. This was a short-term patch that will only provide enough borrowing authority to last until mid-February. Congress must, therefore, address the issue again…
Health care legislation currently being debated in the Senate creates a new Independent Medicare Advisory Board (IMAB). The board, not included in the House bill, would be tasked with making recommendations on slowing Medicare cost growth. The Secretary of Health…