Under Paul Ryan’s budget plan, the country’s three big entitlement programs – Social Security, Medicare and Medicaid – would make up a larger share of non-interest federal spending than they would under the budget President Obama proposed earlier this year.It…
With its August update of the Budget and Economic Outlook, the Congressional Budget Office (CBO) has thrown sand into the political gears of both parties as they hone their fiscal policy arguments for the November elections. (more…)
With pressure mounting to show progress in reining in the nation’s unsustainable structural budget deficit, Social Security reform may soon return to the policy agenda. Presidents Bill Clinton and George W. Bush each made attempts at reforming Social Security in…
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…