The Latest

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…

Next week, the House of Representatives is expected to vote on a bill to increase Social Security benefits for the small percentage of workers who receive pensions from jobs not covered by Social Security. This legislation, which is projected to…

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…

Last week, the Congressional Budget Office (CBO), released a report on the distribution of household wealth. Unlike previous reports, this report includes Social Security, which substantially changes both the distribution and the amount of wealth. According to CBO, total household…

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.…

President Biden’s decision to end his 2024 presidential campaign naturally dominated the news over the past several days. There was, however, some news on the fiscal front worth noting. The President’s Office of Management and Budget (OMB) released its Mid-Session…

During the recent presidential debate, former president Donald Trump said the Biden Administration was destroying Social Security and Medicare by allowing millions of people to pour into our country and collect benefits. It’s true millions of people pour into the…