Uncertainty over how elected officials will deal with key fiscal decisions this year is already “weighing on the economy” and probably reducing spending by individuals and businesses, according to Doug Elmendorf, director of the Congressional Budget Office (CBO). “We think…
Pointing to warnings from congressional budget experts and the trustees who oversee Medicare and Social Security, The Concord Coalition’s Midwest regional director recently emphasized the importance of simultaneously dealing with immediate economic problems while laying the groundwork for broad fiscal…
A tax code with tens of thousands of pages. The huge defense budget. The complexities of Medicare and Social Security, plus a myriad of government programs for which Congress approves money on an annual basis . . . . All…
Federal budgeting isn’t for the faint of heart. The tax code alone consists of tens of thousands of pages. Then there's the defense budget, the other eleven annual appropriations bills, Medicare, Medicaid, the need to modernize Social Security . .…
