Posts by Robert

A new analysis by the Congressional Budget Office (CBO) suggests that if history is any guide, our nation’s debt could become far more burdensome over the next 30 years than projected under current law. That’s an alarming prospect because the…

Following the passage of the Fiscal Responsibility Act of 2023, House Speaker Kevin McCarthy (R-Calif.) expressed interest in appointing a bipartisan commission to address the nation’s long-term fiscal imbalance. That idea has now drawn support from the newly formed Bipartisan Fiscal Forum. These are…

As Wall Street economists and federal budget analysts began pouring over the April tax returns last week, looking for clues to when the government might run out of borrowing authority, there was a significant development on the political front. House…

This year’s reports from the Social Security and Medicare trustees demonstrate an urgent need for action to avoid severe cuts that would threaten retirement income and access to medical care for beneficiaries. Unfortunately, the political will to remedy this situation…

You don’t need to get very far into the new Budget and Economic Outlook issued by the Congressional Budget Office (CBO) last week to discover that this report is a punch in the gut. The first sentence of the overview…

“Let's stand up for seniors,” President Biden said in his State of the Union address. “Stand up and show them we will not cut Social Security. We will not cut Medicare.” On cue, the assembled members of Congress did just…

The midterm elections left Republicans in control of the House (barely) and Democrats in control of the Senate (barely). Pundits are already predicting gridlock (they’re probably right), but Congress has two essential tasks before them that must not be held…

This week, The Concord Coalition joined forces with three other organizations in jointly sending a letter to President Biden and all Congressional leaders to make a pledge not to take any action that would incur any more federal debt.  In…