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  • long-term budget

    The Case for Medicare Reform in One Chart

    Last week’s release of the annual long-term budget outlook by the Congressional Budget Office (CBO) illustrates the need to control federal spending, and spending on health entitlements in particular. One chart from the report explains why the Medicare Part A trust fund could “be exhausted just beyond the coming decade,” … More

    CBO Report's Facts Speak Louder Than Obama's Spending and Debt Crisis Denial

    The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt crisis is only getting worse. U.S. public debt doubled since before the recession and stands at a 50-year high today. The American public has not … More

    Chart of the Week: How Social Security Is Contributing to the Spending Crisis

    Last week’s presidential debate at the Reagan Library elevated Social Security as a national issue that could reshape the 2012 campaign. Candidates spent the week trading blows about the role of the 76-year-old social insurance program. Leaving aside the political rhetoric, one thing is certain: Social Security needs to be … More

    Tweet of the Week: Daily Kos Founder Disses Spending Freeze

    Daily Kos founder Markos Moulitsas weighs in on President Obama’s proposed spending freeze. It goes without saying that when even the Daily Kos fails to find merit in the President’s proposals, the Administration needs to step back and reevaluate its policies. More

    10 Democrats Stand Up for Fiscal Discipline--Will Leadership Follow?

    Ten democratic Senators recently issued an important call to action for Majority Leader Harry Reid to support efforts to get America’s long-term fiscal imbalance under control. One can only hope Senator Reid listens. As the letter notes, America is already $12 trillion in debt and, in the next decade, will … More

    House Health Care Bill Yields $9.2 Trillion in Deficits

    Members of Congress have been working frantically to bring the cost of the health care bill below $1 trillion, make it “deficit-neutral,” per the President’s instructions, and meet Blue Dogs’ expectations that it be “paid for.” As the Congressional Budget Office has pointed out, so far they’ve had no such luck. But the bigger … More

    Health Care Reform Should be Scored Over the Long-Term

    President Obama has repeatedly signaled he would not support a health care reform bill unless it includes long-term cost savings. He recently promised to “take on key causes of rising [health care] costs – saving billions while providing better care to the American people.” But will the current health care … More

    News Flash: National Health Care Will Be Expensive!

    The non-partisan Congressional Budget Office (CBO) recently warned that entitlement-driven growth is unsustainable and would debilitate the economy over the long-term. In their best-case scenario, the national debt would become three times the size of the entire economy in the next 75 years. (In 2008, debt was about two-fifths of … More

    Lies, Damned Lies, and…the Undeniable Truth

    Most people are skeptical about statistics, claiming that mathematically-minded people just bend numbers to their will. But when it comes to long term budget projections, economists from the left, right, and center all agree we on an unsustainable course, and that the entitlements—Social Security, Medicare, and Medicaid—are the main driver … More