Budget Battles
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April Is Financial Literacy Month. Someone Tell Congress
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When the Budget Won’t Balance, Just Get Rid of the Budget Committee?
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With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
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Why Trillion-Dollar Deficits Matter
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
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Why Almost No One Is Happy About This Week's Balanced Budget Amendment Vote
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Yellen, Democratic Economists Say Fixing Debt Crisis Isn’t All About Entitlements
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
House Speaker Paul Ryan announced Wednesday that he won’t seek re-election this year and will retire at the end of his term in January, becoming the most prominent in a wave of Republican lawmakers...
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Yellen, Democratic Economists Say Fixing Debt Crisis Isn’t All About Entitlements
Late last month, a quintet of big-name Hoover Institution economists warned in a Washington Post op-ed that a coming “string of perpetually rising trillion-dollar-plus deficits” could soon lead to a...
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Which Americans Worry Most About Social Security?
Maybe call it social insecurity? Just over half of American adults between the ages of 50 and 64 say they worry a “great deal” about the Social Security system, according to recent polling by Gallup...
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The Old Will Outnumber the Young in the US by 2035
By The Fiscal Times StaffBy 2030, all Baby Boomers will be older than 65, meaning that one in five U.S. residents will be of retirement age, the Census Bureau reports . And by 2035, seniors will outnumber children for the...
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The $82 Trillion Problem Washington Has Stopped Talking About
Now that “the anti-deficit hysteria of the Great Recession has given way to a backlash of complacency,” lawmakers and the public are ignoring “an $82 trillion avalanche of Social Security and...
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New Budget Projections Show a Rising Tide of Red Ink Ahead
By Michael RaineyThe Congressional Budget Office won’t release new budget projections that include the effects of the President Trump’s tax overhaul until April, but on Friday the deficit hawks at the Committee for a...
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Why Trump’s Immigration Plan Could Hurt Social Security
By Michael RaineyEconomists have warned that the Trump administration’s plan to reduce immigration and deport thousands of unauthorized immigrants could impose significant costs in terms of lower growth and lost...
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How Trump’s Budget Would Cut the Social Safety Net
As a candidate, President Trump said he would not cut Medicare, Medicaid or Social Security. But his 2019 budget proposal seeks to reduce spending on all three programs and other parts of the social...
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Why This Is a Bad Time to Turn a Blind Eye to the Deficit
In a Wall Street Journal column , Princeton economist and former Federal Reserve Vice Chairman Alan Blinder explains why Washington’s race to increase deficits through a combination of tax cuts and...
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What Was Notably Absent from Trump’s State of the Union Address
President Trump’s State of the Union address Tuesday night lasted an hour and 20 minutes — the third-longest ever, just nine minutes shy of the record . The president touched on a long list of...
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Americans Are More Willing to Cut Social Security Than Once Thought
By Eric PianinIt has long been an axiom in politics that Social Security is politically radioactive, and that politicians court political disaster by pressing for major changes in the nation’s premier retirement...
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Here’s a First Draft of the GOP’s Plan to Overhaul Social Security
By Eric PianinA senior Republican House chairman has begun circulating a proposal that would make major cuts and changes to the Social Security system in the coming decades, a move to contravene in President-elect...
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A New Plan to Save Social Security for Another 75 Years
By Eric PianinAmid turmoil over the future of Obamacare, Medicare and Medicaid, a bipartisan coalition on Capitol Hill is renewing its call for creation of a blue-ribbon commission to recommend changes in Social...
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How Social Security Lifts People Out of Poverty, State by State
By Janna HerronMore than 22 million Americans, young and old, were lifted out of poverty last year because of their Social Security benefits.
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This Year’s Social Security Cost of Living Hike Buys a Starbucks Frappuccino
By Eric PianinFor the third consecutive year, the nation’s 65 million seniors will see virtually no increase in their Social Security benefits, even as premiums for their federally funded health care and...
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