Bluffing in the House: Reforming the Budget Process
Debt / Fiscal policy

Bluffing in the House: Reforming the Budget Process

On June 15, the House Budget Committee gathered to discuss the need for fiscal goals to “drive discipline and accountability”, in the words of Chairman Tom Price. The hearing comes at a time of a skyrocketing Public Debt of $19 trillion, a sluggish economic recovery and another recession looming around the corner. The U.S. has sustained … Continue reading

Bankruptcy is Just a Band-Aid, Puerto Rico Needs Meaningful Reform
Debt / Economy / Latin America

Bankruptcy is Just a Band-Aid, Puerto Rico Needs Meaningful Reform

The global economy has been experiencing its fair share of ups and downs.  Many eyes, including my own, have been locked on Greece as the country struggles to stay afloat under the overwhelming weight of its government debt.  Furthermore, Prime Minister Tsipras’s leftist economic policies have all but dismantled the Greek economy.  Outlandish tax rates … Continue reading

The Greek Debt Crisis: Just One Symptom of a Much Larger Problem
Debt / Economy / Europe

The Greek Debt Crisis: Just One Symptom of a Much Larger Problem

Greece has been in the throes of economic crisis for years.  Turmoil first erupted after Greece’s economy was badly bruised by the global impacts of the Great Recession, and the Greek people have been suffering ever since.  In 2009, a poor economic climate combined with a debt level of over 119 percent of GDP caused … Continue reading

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

America’s College Promise: One of Aspiration or Attainment
Debt / Education

America’s College Promise: One of Aspiration or Attainment

As tuition costs in universities across the United States continue to swell, students look to community colleges that offer cheaper tuition options than four-year universities. Now, the tuition cost of community college may get even cheaper. While addressing Pellissippi State Community College outside of Knoxville, Tennessee on January 9, President Obama proposed to make higher … 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