Fighting for a U.S. federal budget that prioritizes peace, economic security and shared prosperity
One of the major issues not addressed as part of the recent deal on the fiscal cliff is the future of the major entitlement programs – Social Security, Medicare and Medicaid.Entitlements are programs that pay benefits to anyone who applies for them and meets the eligibility requirements for that specific ...
2013 and the fiscal cliff will arrive in a few hours, though today's most popular Google search is about Kim Kardashian's pregnancy. After all, we can only take so much news about something called the "fiscal cliff." But it actually makes a difference whether we're paying attention to Kim Kardashian or to what's happening in Washington.
Last week I wrote a post called Fiscal Cliff Definition, with a simple explanation of the much-hyped, so-called fiscal cliff. (I also suggested that we call it a "fiscal obstacle course" instead of a cliff, because that's a more appropriate metaphor.) The next important question is: What's going to happen?
Millennials have just as much of a stake in the answers to long-term budget questions as we do in the short-term decisions concerning the economic recovery. First, Millennials prefer a balanced approach with regards to deficit reduction.
Paul from Northampton, Mass., wrote in to ask: "Some politicians say Social Security in no way contributes to the deficit. But for the last two years Social Security expenditures have exceeded Social Security revenues. How does this not contribute to the deficit?" Good question, Paul.
The Oct. 1 start of the new fiscal year passed quietly this year, as Congress recessed in mid-September so House and Senate members could return to their districts to campaign before the critical November elections. Members plan to return to Washington in mid-November for a “lame duck” session of Congress, during which there will be pressure to address a number of major issues.
These days, it’s fashionable for any candidate for federal office to talk about how quickly he’ll reduce the budget deficit, which totaled around $1.1 trillion in fiscal 2012.
NPP's research team live-tweeted and fact-checked the first debate of the 2012 Presidential Election. If you missed, here are our top 5 tweets.
Recently the notion of the "debt ceiling" has been appearing in the news. It's making a comeback after spending months in the spotlight last summer, when the federal government nearly shut down as federal debt reached the legal limit. (Lawmakers ultimately raised the limit in the eleventh hour.) Currently, it is projected that the federal debt will hit the new debt ceiling sometime before the end of 2012. To once again avoid a government shutdown, lawmakers will again have to raise the debt ceiling, which is now set at $16.4 trillion.