Analysis & Indicators

Blog Post

Trust Fund Accounting Obscures Fiscal Problems of Social Security and Medicare

July 20, 2017
Every year the trustees of Social Security and Medicare issue detailed reports on the financial status of these programs. While the trustees’ reports consistently warn that both programs face serious shortfalls, the urgency of this warning is often undercut by undue attention to the years in which the Social Security trust funds and the Medicare Hospital Insurance (HI) trust fund are projected to become insolvent.
In the News

K Street Ups Pressure for Congress to Raise Debt Limit

July 17, 2017
CQ Roll Call
Topics
Debt Limit
Discretionary Spending
Economy
Federal Budget

Lobbyist for financial services and business groups are putting more pressure on Congress to quickly raise the debt limit and fund the government “without drama,” according to a July 17 s

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Blog Post

Reality Check From the Congressional Budget Office

February 02, 2016

On the campaign trail, voters are hearing promises of big tax cuts from the Republican presidential candidates and of big spending increases from the Democrats.

Meanwhile, back in Washington last week, the nonpartisan Congressional Budget Office (CBO) released a new set of projections for the next 10 years that casts serious doubt on how realistic (or responsible) those campaign promises are.

According to CBO's projections, here are some sobering fiscal facts that will confront the next president: