As a recent CBS News poll found, age is one of the primary determinants of how a person feels about Social Security and Medicare.
According to several news sources, Defense Secretary Chuck Hagel’s fiscal year 2015 budget for the Pentagon will outline several significant spending cuts and reforms.
As we reported earlier this week, President Barack Obama signed a bill over the weekend that suspended the debt ceiling until March 2015 with no spending cuts or reforms included.
Waste and abuse in discretionary federal spending don’t hold a candle to our real spending crisis: the silent and steady growth of “direct” spending items. The Truth in Spending Act is trying to create the tools to start fixing the problem.
Ignoring the key drivers of our debt won’t make it go away, especially not anytime soon. We still have a long way to go to secure our nation’s fiscal future.
Sen. Tom Coburn (R-Okla.) released his annual Wastebook this week. This year’s report outlined $30 billion in questionable spending programs.
A new study published by the Mercatus Center looks at the many policy decisions that have led to Washington’s growing budget deficits. The study analyzes federal deficits from three different perspectives in order to provide a comprehensive understanding of the policy decisions that have led to our historical fiscal imbalance; the policy decisions that have created our current year deficit; and the major contributors to the deficit. Here are some top findings from the study:
Healthcare Rollout A “Question Of Competence” For Administration
Speaking at the State University of New York-Binghamton on Friday, President Obama assured the audience that there is no “urgent deficit crisis.” Meanwhile, spending remains at historic highs, economists continue to raise concern about long-term deficits, and the Congressional Budget Office is warning that if the president’s push to reverse the sequester goes through, it will increase the risk of a fiscal crisis down the road.
On July 18, Detroit became the largest U.S. city to ever file for bankruptcy. (According to Governing magazine, Detroit is one of eight cities, towns or counties that have filed bankruptcy since 2010.) The filing could have significant consequences for all taxpayers, and the problems that led to it parallel problems with federal finances as well.