Both negotiations and the war of words continue over raising the federal debt limit and curbing future deficits. Further talks are planned this week, with the Treasury continuing to warn that congressional inaction by Aug. 2 risks “catastrophic” economic damage…
An economically "sustainable" debt is one that does not rise faster than our means to ultimately pay it off. So federal deficits as a share of our economy should ideally be no larger than the economy’s growth rate.We must focus…
The Congressional Budget Office (CBO) released projections last week that Concord Coalition Executive Director Robert L. Bixby said confirms that federal finances “are on an unsustainable course that threatens our economic future, risks turmoil in the financial markets, and burdens…
Contradictory reports last week created confusion over the AARP’s stance on possible changes in Social Security. Although the program is now spending more money than it takes in and will face even greater strains as more baby boomers retire, the…
