When it comes to government provision of retirement benefits, differences abound. Comparing the US Social Security program to the UK state pension illustrates a stark contrast. While both countries promise an old‐age safety net, the US Social Security benefit for the highest‐income earners looks more like a golden parachute than what President Franklin D. Roosevelt referred to as “some measure of protection to the average citizen and to his family … against poverty‐ridden old age.”
Downsizing Blog
Seven Emergency Spending Reforms Congress Should Consider
Congress designated $12 trillion as emergency spending over the last 30 years, according to our recent policy analysis. That’s equal to 43 percent of public debt. Despite the true size and scope of emergency spending remaining obscured until recently, some legislators have been leading the way on the interlinked issues of emergency spending and emergency powers.
The CBO Budget and Economic Outlook: Debt Projected to Grow to Record Highs
The Congressional Budget Office (CBO) released its annual Budget and Economic Outlook, providing 11‐year fiscal projections for 2024 to 2034.
Six Reforms to Enhance Transparency and Fiscal Accountability Through the Congressional Budget Office
Decentralize Spending to Tackle Government Debt
The federal government’s debt is rising to dangerous and unprecedented heights. Compared to the size of the economy, the debt will soon reach levels never seen in our nation’s history.