Two members of First Budget’s Iowa cabinet are calling on voters to engage presidential candidates on how to put the nation on a sustainable fiscal course.
Jeff Angelo, a former Republican state senator from Ames, and Jeff Danielson, current Democratic state senator from Waterloo, write in the Ames Tribune that the next president will face a daunting fiscal outlook.
To meet the nation’s fiscal challenges, changes are needed throughout the federal budget. That includes domestic spending programs, defense and the inefficient tax code.
But Medicare and Social Security reform are “a crucial part of the mix,” says Chase Hagaman, New England regional director for The Concord Coalition.
These two programs already comprise 42 percent of non-interest federal spending and are growing very rapidly because of an increasing number of beneficiaries. In addition, Medicare faces rising health care costs.
Congressional partisanship and inaction have often dismayed advocates of responsible fiscal policies in recent years. Phil LaRue, director of government relations for The Concord Coalition, points to examples such as the breakdown of the budget process and debt-limit showdowns that roil financial markets.
Yet in recent months, LaRue says in a blog post, there have been positive signs as well, with some lawmakers “coming back around to the fiscal realities facing them this fall and in the coming years.”
It has been easy for advocates of generationally responsible tax and spending policies to look at Capitol Hill with dismay for the past few years. A few consequences of inaction and lack of bipartisanship include:
A complete breakdown in the federal budget process.
Continued struggles to replace arbitrary, shortsighted caps on discretionary spending with smarter deficit reduction.
Congress must pass Social Security legislation by late next year to prevent the Disability Insurance Trust Fund from running dry, a crisis that would trigger automatic 19 percent cuts in disability benefits for millions of Americans.
There were no big surprises in the latest Long-Term Outlook from the Congressional Budget Office (CBO).
Social Security turned 80 on Friday, providing an opportunity to review its accomplishments while taking a hard look at its future -- including the need to put the federal government’s la
With Congress now in its long August recess after failing to pass a single spending bill for the fiscal year that starts Oct.
The opening debates of the 2016 presidential campaign provided a disappointingly small amount of information on whether and how the Republican candidates might deal with the country’s tou
The opening debates of the 2016 presidential campaign provided a disappointingly small amount of information on whether and how the Republican candidates might deal with the country