The Debt Ceiling: Good Politics, Not Policy
Debt / Economy / Fiscal policy / Politics / U.S. Domestic Policy

The Debt Ceiling: Good Politics, Not Policy

As of this past week, our federal government has managed to clear the hurdle of fully funding the Department of Homeland Security. Unfortunately, this is only one of the many vitally important budget issues on the horizon, including Medicare payments to doctors, funding for the Highway Trust Fund and our crumbling infrastructure, and the prospect … Continue reading

A Federal Balanced Budget: Not a Cure-All, but Definitely Not a Bad Idea
Debt / Economy / Fiscal policy / Politics

A Federal Balanced Budget: Not a Cure-All, but Definitely Not a Bad Idea

To all the people who believe that a constitutional requirement forcing Congress to pass a balanced budget every year will make the federal debt (and yes, there is a difference between a debt and a deficit: deficit being how much money we have to borrow per year, debt being how much money we have borrowed … Continue reading

Retirement Age and the Social Security Dilemma
Aging / America / Debt / Economy / Labor Force / Social Security

Retirement Age and the Social Security Dilemma

Ever since the members of the U.S Business Roundtable presented their plan to gradually raise the retirement age to seventy last year, the political and economic realm has been on fire with both support and recrimination. This fervor has only intensified after a recently released report by the Congressional Budget Office (CBO) which stated that, holding … Continue reading