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…
In his State of the Union Address President Obama declared: “Our government shouldn’t make promises we cannot keep, but we must keep the promises we’ve already made.” It was good applause line, but it glossed over a key point: The…
Erskine Bowles and Alan Simpson, who co-chaired the National Commission on Fiscal Responsibility and Reform, proposed a new fiscal framework Tuesday that would put the nation’s finances on a sound and responsible path.“It is time to replace crisis-management budgeting with…
David M. Cote, chairman and CEO of Honeywell, warned at a New Hampshire forum on the federal debt Monday that the nation’s current fiscal policies would harm future generations of Americans.“All we’re doing is setting up this big debt problem…
