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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…


Future U.S. economic growth, living standards and even national security will depend upon the American public pushing for fundamental reforms in the federal budget -- and on elected leaders following through. “So far we have all been faltering,” says Chase…


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…


In their latest updates on Social Security and Medicare, the trustees for the programs include data that show the growing strain they will put on the rest of the federal budget unless Washington can agree on a long-term fiscal sustainability…


I. Introduction The annual Budget and Economic Outlook released on Feb. 5 by the Congressional Budget Office (CBO) contained some good news. The deficit is coming down. The debt is relatively stable over the coming 10 years. Revenues are going…


The AARP has launched a misleading and divisive ad campaign aimed at excluding Social Security and Medicare from any deficit-reduction proposals that might be developed by the new congressional “super committee.”This could have a dramatic negative impact on other government…


The trustees of Medicare and Social Security issued their annual reports last week, providing further evidence of the need for substantial reforms of the big entitlement programs that make up over a third of the federal budget.As in past years,…


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…


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…


President Obama and the new Congress face distinct but related fiscal policy challenges over the short and long term. Swift action is necessary both to address immediate needs and develop an “exit strategy” to ensure that our response to the…

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