Among budget wonks who discuss the long-term fiscal challenge, there is something of a consensus -- the projected upward trajectory of our debt is caused primarily by the projected growth in federal health care programs.For some, this consensus has developed…
Although recent projections from the Congressional Budget Office offer some encouraging news in some areas, they also show why comprehensive fiscal reforms are badly needed.On the positive side, the CBO expects the annual deficit to drop below $1 trillion for…
President Obama’s inaugural address Monday touched lightly on the subject of deficit reduction, but it failed to convey the magnitude of the fiscal problems facing the country and the urgency with which they should be corrected.On the positive side, Obama…
In a Senate Finance Committee hearing last week, the co-chairs of a Bipartisan Policy Center panel discussed proposals to stabilize and eventually reduce the size of the debt compared to the economy.The testimony came from Pete Domenici, a former Republican…