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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 impact of the Social Security program on the Federal budget has been the subject of much controversy and confusion. Indeed, disagreement between the Social Security and Medicare actuaries resulted in a lengthy addition to the “Statement of…


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…


Overview: Doubling the debt Every year the Congressional Budget Office (CBO) issues a long-term budget outlook covering the next 30 years, assuming no changes in current law. This year’s report was released on September 21 and covered the years 2020…


Introduction Recent reports from the Congressional Budget Office (CBO) and the Government Accountability Office (GAO) have reiterated long-standing warnings that the federal budget suffers from a growing structural gap between projected spending and revenues. If left unaddressed, this structural…

Health Care Primer

The United States health care system is larger than the gross domestic product of all but five other nations. Over the past several decades, health care costs have outpaced economic growth, inflation and personal incomes. One out of every six…


Despite the inclination to do so, policymakers will not be able to quickly move on from health care after last week’s defeat of the House Republican health care plan. There are immediate steps that the Trump administration needs to take…


Economists Douglas Holtz-Eakin and Jared Bernstein said last week that the next president and Congress must address both income inequality and fiscal responsibility. They spoke at a program at the New Hampshire Institute of Politics at Saint Anselm College. The…


The Congressional Budget Office (CBO) estimated Friday that the federal deficit for Fiscal 2016 totaled $588 billion, an increase of $149 billion over the previous year. The deficit for Fiscal 2016, which ended Sept. 30, equaled an estimated 3.2 percent…


Amid rising public concern about prescription drug costs, new federal data show that Medicare spending on drugs rose by more than 17 percent from 2013 to 2014 -- even though claims increased by only 3 percent. The 17 percent increase,…


The gyms are packed this month as people try to follow through on their New Year’s resolutions to get into better shape. Sara Imhof, Midwest regional director for The Concord Coalition, wrote in an op-ed Sunday that the nation’s fiscal…


Given the acrimonious political environment and the wide discrepancy between the House and Senate budgets, the conference committee now scheduled to report by Dec.13 begins its work with low expectations. However, if the committee approaches its task with flexibility and…

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