Blogs

As of Friday, September 8, the total debt of the United States government topped $20 trillion. That eye-catching number should prompt all of us to reflect on what the growing debt means for future generations (a lot) and whether our elected…

Senate Majority Leader Mitch McConnell made headlines recently when he suggested that the GOP must pay for its campaign promises, stating his preference for “deficit-neutral” tax cuts and offsets for new spending.“I think this level of national debt is dangerous…

Three former congressmen and a retired U.S. ambassador warned of the difficult fiscal policy challenges facing the incoming Trump administration and congressional leaders at a forum last week in Concord, N.H. (more…)

Budget experts urged the incoming Trump administration and congressional leaders to address the country’s long-term fiscal challenges at two events in Washington last week. (more…)

Even casual observers of today’s federal budget process can see it is badly broken. Congress has repeatedly failed to pass budget resolutions. Failure to pass appropriations bills has become the norm, forcing lawmakers to rely on continuing resolutions, bills that…

The penny plan to reduce spending by one cent on every dollar (one percent a year) has been bouncing around Washington for years but is now getting a higher profile with versions supported by the Senate Budget Committee Chairman Mike…

A new report from the Congressional Budget Office reviews the serious problems facing the Pension Benefit Guaranty Corporation’s (PBGC) multiemployer program and analyzes proposed solutions.The PBGC is a government-owned corporation with a critical role: Insuring pension benefits for people in…

One of the best ways to understand -- and explain -- the country’s fiscal difficulties is to look at what we can expect to pay in interest on the rising national debt.After all, people know that if they run up…