The bond market has experienced significant volatility over the past several months, including a recent spike that has sent the yield on 10-year treasury bonds to its highest level, 5.28%, since 2002. In addition to inflation and competition from AI…
Artificial intelligence has dominated headlines in recent weeks as developers race to build more powerful systems, policymakers debate appropriate guardrails, and the public grapples with questions about safety, privacy, and the future of work. Those concerns are important, and they…
For years, the United States benefited from a bond market that was calm, predictable, and willing to finance federal borrowing at historically low interest rates. That era is ending. A new set of structural pressures is reshaping who buys U.S.…
James Carville once joked that if he were reincarnated, he’d want to come back as the bond market because “you can intimidate everybody.” For decades, that line captured the market’s reputation as the ultimate disciplinarian of fiscal policy. And while…
When it comes to Social Security reform, Wendell Primus of the Brookings Institution and Romina Boccia of the Cato Institute don’t agree on much. In fact, they don’t even agree on Social Security’s main purpose. During a recent Concord Action…
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…
