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Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts because they focus on one type of tax in isolation rather than the various taxes that people face in aggregate.
Increasing the debt limit allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
Putting our nation on a sustainable fiscal path creates a positive environment for growth, opportunity, and prosperity. Unfortunately, America is on a dangerous long-term fiscal path.
Negotiating levels of defense spending is often one of the more contentious parts of the budget process. The good news is that there are ways of ensuring America’s security while strengthening our fiscal and economic outlook.
Improving our healthcare system to deliver better quality care at lower cost is critically important to our nation’s long-term economic and fiscal well-being.
Across party lines, 8 in 10 voters say Washington should spend more time addressing the national debt.
Although the need for serious, long-term changes to the funding structure of the Highway Trust Fund is clear, there is disagreement over the approach to do so.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.