Tag: federal debt
The program needs more money, but not because it increases the deficit. The Concord Coalition, one of a number of federal budget watchdog groups, has been driving me crazy of late. The repeated message is that our deficits are too high, and therefore we have to do something about Social Security and Medicare. They attempt…
Future retirees will pay with lower Social Security and Medicare benefits. Most people think that the budget deal between congressional leaders is a positive development. One’s assessment depends critically on “compared to what.” Yes, it eliminated the threat of both an unprecedented default by the U.S. government on its debt and deep budget cuts that…
