Federal Budget
The Unnoticed Trillion Dollar Budget Gap
In the 1980s critics of overspending pointed to record deficits (averaging $167 billion a year then) and were often met with replies from supply-siders—“Don’t worry about federal deficits. They’re big enough of take care of themselves.” President Reagan even uttered…
A Call for Action on Social Security’s Solvency Dilemma
The Concord Coalition, a non-partisan fiscal advocacy organization serving as a source of information on the risks and consequences of a growing federal debt and unsustainable fiscal policies, recently issued a “call to action” stressing the importance of taking action…
CBO sounds alarm on several federal trust funds
It is not just the Social Security and Medicare Trust Funds that are headed for insolvency. The Congressional Budget Office (CBO) projects the Highway Trust Fund will be depleted by 2022 and the Pension Benefit Guaranty Corporation multi-employer fund by 2025. This article…