Analysis & Indicators

Blog Post

Entitlement Reform Should Reduce Subsidies for Those Who Don't Need Them

November 14, 2017
Individuals with the least wealth or income potential are the most dependent on government programs for support. Thus, when policymakers talk about reforming entitlement programs, many observers are concerned about the potential impact on these vulnerable groups. The good news is that there are plenty of responsible ways to reduce costs without unduly burdening beneficiaries.

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Blog Post

Demographics Drive Our Long-Term Fiscal Challenges

July 06, 2017
The heart of the nation’s long-term fiscal challenge is a changing demographic landscape. The ongoing retirement of the baby boom generation will continue to slow the growth rate of the workforce, which will slow potential economic growth (GDP) compared to earlier decades. According to CBO, the average annual growth rate of potential labor was 1.4 percent from 1950 to 2016. Due mostly to the baby boomer retirements, CBO projects that rate will fall to just 0.5 percent by 2027.
Blog Post

Fiscal Policy Remains Unsustainable

July 05, 2017
While much has changed in the past 25 years, this fundamental reality has not: Federal budget policy remains on an unsustainable track, driven by structural forces that increase federal spending faster than revenues.