Tag: deficit spending

Brian Riedl and Shai Akabas discuss the U.S. federal budget, budget negotiations, and why Congress hasn’t addressed the rising national debt—even as it gets worse.

The case for a “grand deal” on the budget has never been more evident: within a decade, annual budget deficits are projected to exceed $2 trillion. Entitlement programs are projected to drive trillions in new government debt over the next few decades. Yet increasing partisanship and political polarization—both in Washington and among voters—have significantly diminished the likelihood of bipartisan cooperation to avoid a fiscal calamity.

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Those with WSJ subscriptions may have noted this editorial from Martin Feldstein. For those without access to article, Professor Feldstein proposes to prevent the “exhaustion” of the Social Security “trust fund” by including the value of employer provided health insurance when calculating payroll taxes. He claims that this will correct “an anomaly in the current tax […]

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  (Note: For entertainment purposes only. – DD) The family I grew up in, like so many American families, was divided politically. On one side there was my mom and two brothers (the conservatives) and on the other there was my dad, sister and me (the right-wing nut jobs). As an adult, the milieu I […]

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