This week marks the 91st anniversary of Social Security, a program that has provided retirement and disability income to generations of Americans. However, the Social Security trustees recently released their annual report, and the news is troubling. Barring significant congressional…
Concord Action welcomes a variety of viewpoints on issues related to the long-term fiscal health of the nation. The following is a guest essay written by Concord Fiscal Lookout Owen Paepke who is the author of The Evolution of Progress…
As Medicare marks its 61st anniversary, it’s a timely moment to reflect on how this cornerstone program has evolved, not only in the lives it touches but also in its share of the federal budget. Since its inception, Medicare has…
Medicare Advantage (MA) has grown rapidly over the past decade, now covering more than half of all Medicare beneficiaries. But alongside that growth, a costly and often misunderstood problem has emerged: upcoding. Policymakers across the political spectrum increasingly agree that…
As the United States continues to celebrate its 250th birthday, we have an opportunity—and an obligation—to reflect on what has allowed this nation to endure. Each generation has made choices that strengthened the country’s economic foundation and expanded opportunity. But…
The newly released Social Security and Medicare Trustees Report reinforces a warning that has been building for years: Medicare is becoming one of the largest structural drivers of federal deficits. The report again projects that Medicare’s Hospital Insurance (HI) Trust…
Concord Action welcomes a variety of viewpoints on issues related to the long-term fiscal health of the nation. The following is a guest essay written by Concord Fiscal Lookout Owen Paepke who is the author of The Evolution of Progress…
How Social Security Contributes to Debt and Deficits? The Social Security Trustees released their annual report on June 9, offering the clearest picture yet of the program’s financial outlook—and its growing impact on the federal budget. Social Security remains the…
America’s federal debt held by the public is now larger than the entire U.S. economy — a level never reached in peacetime. And unless policymakers change direction, the debt is on track to climb far higher in the years ahead.…
Another Week, Another Deficit‑Increasing Reconciliation Bill Congress is preparing to vote this week on a new reconciliation package that would add $72 billion to the deficit for immigration enforcement. Lawmakers are also considering a reconciliation bill later this year…
With gas prices rising due to the Iran war choking off the flow of oil through the Strait of Hormuz, some lawmakers have revived calls for a federal gas tax holiday. The idea is simple: suspend the 18.4 cent per…
Can Taxing on the Ultra‑Wealthy Fix the Debt Problem? The United States is borrowing more money faster than at almost any point in modern history. The national debt now exceeds the size of the entire U.S. economy, and interest costs…
