Budget Battles
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White House Stops Short of Endorsing Florida Drug Importation Proposal
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Democrats Call for End to Medicaid Work Requirements
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Florida’s New GOP Governor Wants to Import Cheaper Prescription Drugs from Canada
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For 2020 Dem Hopefuls, ‘Medicare-For-All’ Is A Defining Issue, However They Define It
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Baby Boomers Will Drive Health Care Spending to Nearly $6 Trillion a Year by 2027
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Voter Support for 'Medicare for All' Plunges: Poll
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Medicare, Medicaid Control Costs Better Than Private Insurers: Study
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House Democrats Introduce Bill to Expand Social Security
By Michael RaineyBacked by more than 200 House Democrats, Reps. John Larson (D-CT), Conor Lamb (D-PA) and Jahana Hayes (D-CT) introduced a bill Wednesday that would increase Social Security benefits. The bill would...
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‘Greatest Threat’ to the US? Two Top Democratic Economists Aren’t So Worried About the Debt
By Michael RaineyStarbucks founder Howard Schultz told “60 Minutes” Sunday that he is considering a run for president in 2020, possibly as a “centrist independent,” and one of his top issues is the growing national...
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CBO Offers 121 Ways to Shrink the Deficit
By The Fiscal Times StaffThe Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...
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Moody’s Warns of Declining US Fiscal Strength
By The Fiscal Times StaffTrump’s tax cuts combined with a slowing economy will diminish the United States’ “fiscal strength” over the next 10 years, Moody’s Investor Service said Wednesday. The gradual decline could pressure...
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3 Ideas for Fixing Social Security
Social Security’s trustees reported earlier this year that the program will spend more than it collects in 2018 , requiring it to tap into its $2.9 trillion trust fund to cover benefit payments. It’s...
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Transfer Payments Hit $3 Trillion Annual Pace
By The Fiscal Times StaffTotal government transfers reached $3 trillion on an annualized basis for the first time in September, according to data released by the Bureau of Economic Analysis Monday. Transfer payments include...
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Democrats Take Aim at Republicans on Entitlement Cuts
By Michael RaineyDemocrats have a new sledgehammer of a study they can use in trying to link Republican tax cuts and proposed cuts to Medicare, Social Security and other social welfare programs. A report released...
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McConnell: Entitlement Cuts Probably Won’t Happen Under Trump
Senate Majority Leader Mitch McConnell (R-KY) unleashed a storm of Democratic criticism earlier this week by telling Bloomberg News that rising deficits and debt are driven by Social Security,...
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Mitch McConnell on Rising Deficit: ‘It’s Not a Republican Problem'
The quotes: “It’s disappointing, but it’s not a Republican problem. It’s a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the...
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A Fiscal Hawk’s New Plan to ‘Avert a Debt Crisis’
The national debt rose by more than $1 trillion in fiscal 2018, and yet lawmakers have evinced little concern about it ahead of this year’s elections, instead pushing tax cuts and spending increases...
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
House Speaker Paul Ryan announced Wednesday that he won’t seek re-election this year and will retire at the end of his term in January, becoming the most prominent in a wave of Republican lawmakers...
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Yellen, Democratic Economists Say Fixing Debt Crisis Isn’t All About Entitlements
Late last month, a quintet of big-name Hoover Institution economists warned in a Washington Post op-ed that a coming “string of perpetually rising trillion-dollar-plus deficits” could soon lead to a...
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Which Americans Worry Most About Social Security?
Maybe call it social insecurity? Just over half of American adults between the ages of 50 and 64 say they worry a “great deal” about the Social Security system, according to recent polling by Gallup...
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The Old Will Outnumber the Young in the US by 2035
By The Fiscal Times StaffBy 2030, all Baby Boomers will be older than 65, meaning that one in five U.S. residents will be of retirement age, the Census Bureau reports . And by 2035, seniors will outnumber children for the...
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The $82 Trillion Problem Washington Has Stopped Talking About
Now that “the anti-deficit hysteria of the Great Recession has given way to a backlash of complacency,” lawmakers and the public are ignoring “an $82 trillion avalanche of Social Security and...
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