FISCAL BLOG

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.

Many policymakers have called for the full retirement age to be gradually raised and ultimately pegged to average life expectancy.

Even before the COVID-19 pandemic, 1 in 7 children were classified as being in poverty.

The pandemic caused a severe economic slowdown that reduced tax revenues and generated a set of large legislative responses.

The national debt is on an unsustainable path and the longer policymakers wait to take action, the more of a burden that debt will have on future generations.

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).

One of the most fundamental responsibilities of the federal government is to set and pass a budget every year, allocating funding towards the nation’s needs and priorities.

The amount of defense spending in the United States dwarfs that of other nations — we spend more on defense than the next 9 countries combined.

The federal deficit is projected to be over $1 trillion each year for the next 10 years.

Social Security is the primary source of government-funded retirement support in the United States.