The Congressional Budget Office (CBO) recently released the “The Budget and Economic Outlook: 2017 to 2027.” This annual report provides the federal government’s most comprehensive analysis of the current state of federal spending, taxes, and debt. It also provides a framework within which to analyze the President’s budget proposal and upcoming Congressional legislation. The news is […]
Politicians have never met a new taxpayer-funded government program they didn’t like.
“Nothing is so permanent as a temporary government program.” — Milton Friedman
Social Security is incredibly difficult for politicians to cut or reform—any changes in the program would deprive a large portion of their voting base of benefits, which could cause politicians to lose the next election. The problem would only be worse with a universal basic income,
The Congressional Budget Office announced last week that the growth of the federal budget deficit will outpace the growth of the economy in 2016 for the first time since 2009. The drag this places on economic growth is hard to overstate, but what can be done to solve this problem for the future? Harvard University’s […]