On March 28, President Biden released his budget proposal for the upcoming 2023 fiscal year. Though it has little chance of being enacted in its entirety, the plan will shape the contours of the final spending and revenue policies…
Introduction The annual Social Security and Medicare Trustees’ reports make numerous economic and demographic assumptions to project the long-term financial status of these two programs. Among these assumptions is the average number of births women will have over their…
Part 2: College Students Introduction President Biden’s FY 2022 Budget proposes to spend nearly $1.7 trillion over the next ten years on several new or expanded entitlement programs for children, college students, the elderly, and the disabled. The budget also…
Introduction In part one of this defense primer, readers learned that the defense budget is a significant portion of the federal budget (about 15% in 2019), approximately 96% of which is Department of Defense spending (the Pentagon’s…
Most Americans know that the defense budget constitutes a substantial portion of federal spending, but there remains plenty of confusion as to just how much. While a quick search can answer that for you (spoiler alert: $714 billion in…
Part 1: Children Introduction President Biden’s FY 2022 budget proposes to spend nearly $1.7 trillion over the next ten years on several new or expanded entitlement programs for children, college students, the elderly, and the disabled. The budget also contains…