The outlook for the federal budget is deceptively benign under the January 2006 baseline assumptions of the Congressional Budget Office (CBO). In its latest 10-year projections, CBO describes a budget that will reach balance in 2012 and stay balanced through…
One of the most confusing things about the current Social Security debate is the many and sometimes divergent descriptions of the program's financial problem. Numbers are thrown about fast and furious to support one side or the other's contention about…