One of the best ways to understand -- and explain -- the country’s fiscal difficulties is to look at what we can expect to pay in interest on the rising national debt.After all, people know that if they run up…
The Office of Management and Budget (OMB) has released its annual Mid-Session Review, saying the President’s proposals for 2017 would substantially reduce the deficit from the one expected for Fiscal 2016, which ends Sept. 30. OMB now projects the 2016…
The federal deficit is rising. Social Security and Medicare need repairs, as does the tax code. Federal domestic investments are being squeezed and the nation’s debt is on an unsustainable course. Yet so far the presidential candidates have not said…
WASHINGTON -- Today’s reports from the trustees of Social Security and Medicare confirm once again that these critical programs are on unsustainable paths and will put increasing pressure on the rest of the federal budget in the years ahead, according…