Medicare and Social Security are important retirement security programs for millions of Americans. But they are ticking time bombs with trillions in future unfunded obligations that will bankrupt America if they are not changed. Though awareness of this critical situation continues to grow, Americans remain reluctant to support reform, understandably …
Uncle Sam is spending you into the poorhouse. Taxes, inflation, unemployment, interest rates – all could skyrocket if Washington keeps spending trillions of dollars it doesn’t have. Unless we begin to cut spending now (a lot of spending) these four horsemen of debt will ride roughshod over families and businesses …
For the last couple of decades, Social Security analysts, public trustees, and even both Republican and Democratic Presidents have warned that unless the program is fixed, it faces perpetual cash-flow deficits. And now, the Congressional Budget Office (CBO) says that those perpetual deficits have arrived. As a result, it is …
The Bipartisan Policy Center’s (BPC) Debt Reduction Task Force – a highly diverse group of private individuals – has laid out a comprehensive approach to closing the deficit and slowing the rise in national debt. They do this through a combination of spending reductions, many though not all of which …
Both liberals and conservatives agree that Social Security’s coming fiscal problems need to be addressed soon or they will only grow worse. A recent analysis for the Pew Charitable Trusts by Charles Blahous, one of the two public trustees of the Social Security and Medicare trust funds, and Robert Greenstein, …
When the next Congress arrives in Washington, Members will need to get to work to reduce runaway government spending. One area that has been identified as a good place to start—especially as the National Commission on Fiscal Responsibility and Reform prepares to give its recommendations on deficit reduction next month—is …
The Washington Post’s Ezra Klein has used a new Gallup poll showing that 77% of Americans believe “the cost of the government’s major entitlement programs, including Social Security and Medicare, will create major economic problems for the U.S. in the next 25 years” to produce the following headline: Americans prefer …
