Four Reasons Why a Government Shutdown is Harmful
It may be counterintuitive, but government shutdowns are expensive. They are also bad for the economy.
Read MoreRecent Economic Projections Show Higher Short-Term Interest Rates
CBO now expects that 3-month interest rates will peak at around 5.3 percent this year and only fall to 3.2 percent by the end of 2025.
Read MoreWhat the Fitch Downgrade Says about our Fiscal Challenges
Fitch Ratings recently downgraded the U.S. long-term credit rating from its top mark of AAA to AA+.
Read MoreCan We Raise the Retirement Age and Protect Vulnerable Workers?
Unless lawmakers act, Social Security beneficiaries could soon see significant cuts in benefits.
Read MoreSocial Security’s Funding Gap is 1.2% of GDP — Here’s How We Can Close It
Social Security is an integral part of the nation’s fiscal picture and a vital economic lifeline for millions of recipients.
Read MoreHow Can We Reduce Unnecessary Healthcare Spending in the US?
In 2021, health spending in the United States totaled $4.3 trillion and averaged nearly $13,000 per person.
Read MoreWhat Is Fiscal Policy? Interactive Teaching Tools
Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.
Read MoreHow the Lack of Action on the Debt Ceiling Can Hurt the Economy
Even though the government has never defaulted, the continued pattern of brinksmanship has negative consequences for our economy.
Read MoreHow Much Will the Debt Ceiling Deal Reduce Deficits?
According to CBO, provisions in the Fiscal Responsibility Act of 2023 will result in a $1.5 trillion decrease to the deficit over the next 10 years.
Read MoreWhat Are Caps on Discretionary Spending and Do They Work?
Let’s look at the trends in discretionary spending and how effective caps are in reducing the debt.
Read More