Here is a trivia question: Under which scenario would Social Security, Medicare and Medicaid make up the larger share of non-interest (i.e. “primary”) federal government spending?A. President Obama’s budgetB. Rep. Paul Ryan’s budget (House Budget Committee)The answer is B.Under Ryan’s…
President Obama on Wednesday will propose a broad plan to reduce significantly deficits in the coming years, according to the White House.This is a promising indication that the President will become more focused on the most serious long-term fiscal challenges…
As the political squabbling has continued over proposed cuts in a small part of the federal budget, dozens of fiscal, economic experts and business leaders renewed calls for President Obama and Congress to begin serious talks aimed at developing a…
Budget-watchers in Washington are interested to see how Republican Paul Ryan, chairman of the House Budget Committee, will write a budget to achieve the sometimes conflicting aims of his conference.Republicans say voter anger over deficits last fall helped them take…
