Healthcare Costs Are a Major Driver of the National Debt and Here’s Why
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Read MoreDespite Decades of Warnings, Depletion of Social Security’s Trust Fund Is Getting Closer
The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.
Read MoreSocial Security Faces Serious Financial Shortfalls and Other Takeaways From the Trustees Report
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
Read MoreSocial Security and Medicare Trust Funds Could Be Depleted Within the Next Decade
Today, the Social Security and Medicare Trustees released their annual reports on the programs’ financing, showing that the future of these vital programs remain at risk.
Read MoreBudget Basics: National Defense
The national defense budget funds a wide range of activities and represents a significant share of overall federal spending.
Read MoreHow Much Does the Government Spend on International Affairs?
Federal spending for international affairs, which supports American diplomacy and development aid, is a small portion of the U.S. budget.
Read MoreHow Does the Aging of the Population Affect Our Fiscal Health?
As a large portion of the American population lives well beyond retirement age, the total cost of providing healthcare will grow as well.
Read MoreSpending on Veterans in the Budget
This piece examines spending on veterans within the budget and outlines the factors that have pushed it higher in recent years.
Read MoreThe United States Spends More on Defense than the Next 9 Countries Combined
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2023.
Read MoreWhat Is the Child Tax Credit?
The CTC is designed to make raising children more affordable by easing the financial burden faced by families.
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