Blog posts

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.
Blog Post

Time to Reform the Debt Limit

June 27, 2017

Congress has a curious way of doing financial business: It agrees to spend money and then periodically threatens not to pay the resulting bills.

Blog Post

Legislative Concerns About Trump's Budget

June 07, 2017

The federal government’s financial problems are so large that all parts of the budget -- from entitlements to defense spending to tax breaks -- should be considered “on the table” for fis