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Citizen groups originally convened by The Concord Coalition have called on Congress and President Obama to produce “a bold, comprehensive plan to avoid an explosion of federal debt that could devastate the economy, weaken our national security and unfairly burden…

In hearings last week, the Senate Budget Committee considered ways to put the country on a fiscally sustainable path without harming the economic recovery.Fortunately, tax reform was a key part of the discussion. Committee Chairman Kent Conrad (D-ND) stressed that…

The Congressional Budget Office created a stir when it reported last week that Social Security paid out $37 billion more than it took in last year. The CBO projected that Social Security would run perpetual cash deficits from this point…

A flurry of commentary greeted the unsurprising news last week that Social Security is paying out more than it is taking in. According to the Congressional Budget Office (CBO), the Social Security cash deficit for 2010 was $37 billion and…

Senators Jeanne Shaheen (D-NH) and Johnny Isakson (R-GA) have introduced legislation to convert the annual budget and appropriations process into a two-year cycle. Under the Biennial Budget Appropriations Act (S. 211), the first year of the process would be dedicated…

A federal court judge in Florida on Monday rejected last year's health care legislation, finding that its mandate for individuals to purchase health insurance was unconstitutional. The ruling by U.S. District Judge Roger Vinson said other parts of the law…

The Congressional Budget Office has released its annual Budget and Economic Outlook, filled with statistics that underscore the need for both Democrats and Republicans to offer more realistic proposals to put the country on a responsible fiscal path.The official projections…

January 26, 2011 (more…)