The depletion dates for Social Security’s Old-Age and Survivors Insurance (OASI) Trust Fund and Medicare’s Hospital Insurance (HI) Trust Fund have been relatively well known for the past 20 years and are now rapidly approaching.
The fiscal path of the U.S. government is currently unsustainable because the ratio of debt held by the public as a percent of GDP is rising.
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2022.
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
This piece examines spending on veterans within the budget and outlines the factors that have pushed it higher in recent years.
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are low.
The administration and Congress have suggested adding new sources of revenue through various types of taxation of wealth.
Healthcare spending in the United States totaled 18.3 percent of gross domestic product (GDP) in 2021.
The United States has one of the most expensive health systems in the world.
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