FISCAL BLOG

Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.

Voters are deeply concerned about interest costs eating up more and more of the federal budget.

Child poverty has remained relatively high in the United States for much of the past decade.

Debt held by the public totaled 97 percent of gross domestic product (GDP) at the end of 2022 and is on track to exceed its previous all-time high.

Lawmakers have previously implemented various forms of caps to restrain spending and such efforts have been effective at times

Most options to increase revenues relate to the payroll tax, since that is where most funding for the trust fund stems from today.

A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.

There are different approaches to reduce Medicare spending, and any reform option that would reduce Part A costs would help extend the longevity of the HI Trust Fund.

Governance issues can harm the U.S. economy as well as decrease the country’s standing in financial markets, which has implications for interest costs and the nation’s fiscal sustainability.

Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.