Blogs

Economist Mancur Olson once observed, “Where small groups with common interests are concerned, then, there is a systematic tendency for ‘exploitation’ of the great by the small!” Olson’s observation was originally applied to the provision of public goods. But his…

This week the Government Accountability Office (GAO) issued a report on the need to modify the statutory debt limit to reduce the risk of a government default and avoid the adverse consequences such a default would have on financial markets…

Congratulations to all the winners of the 2024 elections! Now comes the hard part.  You have gained the offices you sought, but with that honor you have also taken on the responsibility of governing a nation that finished its last…

Last week the Treasury Department released year-end spending and revenue numbers for Fiscal Year 2024, showing a budget deficit of $1.8 trillion. On the surface, that’s an increase of $138 billion over the 2023 deficit, but the 2023 deficit was…

When it comes to the national debt and its unsustainable path there is plenty to talk about, particularly for those who seek to lead us in the coming four years. During the next presidential term, debt held by the public…

Last week, the Congressional Budget Office (CBO) released its latest long-term projections for the Social Security program. Although these projections are roughly comparable to the Social Security and Medicare Trustees (Trustees) projections released earlier this year, there are important differences.…