What’s the Difference between CUTGO and PAYGO?
CUTGO is short for “cut-as-you-go.” An internal rule used by the House of Representatives, it does not apply to consideration of legislation in the Senate.
Read MoreSocial Security Reform: Should We Reduce Benefits?
A well-designed benefit reduction policy would improve the equitability by better balancing the payouts between low- and high-income earners, say proponents.
Read MoreThe Deficit Was Cut in Half in 2022 Thanks to the Expiration of Pandemic-Related Spending
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Read MoreThree Major Challenges to Retirement Security
The top financial worry for Americans is having enough money for retirement — and for good reason.
Read MoreHow Can We Reduce the Cost of an Increasingly Expensive Healthcare System?
Healthcare is uniquely inefficient in the United States, as we have the most expensive system in the world, but we do not get the best outcomes.
Read MoreSocial Security Reform: Should We Raise the Retirement Age?
Many policymakers have called for the full retirement age to be gradually raised and ultimately pegged to average life expectancy.
Read MoreBudget Basics: Unemployment Insurance Explained
The Unemployment Insurance program is a key counter-cyclical tool to help stabilize the economy and speed recovery during downturns or crises.
Read MorePresident Biden’s Policies Would Reduce Deficits by Trillions if Enacted — But Debt Would Still Climb
President Biden’s proposed policies, if enacted, would reduce deficits over the next decade, according to an analysis recently published by the Congressional Budget Office (CBO).
Read MoreThe Ratio of Workers to Social Security Beneficiaries Is at a Low and Projected to Decline Further
Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.
Read MoreWill Allowing Medicare to Negotiate Prices of Prescription Drugs Result in Cost Savings?
The price of prescription drugs in the United States is high and rising, with costly consequences both for consumers and for the federal balance sheet.
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