Social Security Is on the Brink of Collapse. The GOP Won't Touch It.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
While some Republicans may have had misguided motivations, a few disrupted McCarthy's campaign in order to enact fiscal restraint. Their colleagues were fine with business as usual.
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
The U.S. Bureau of Economic Analysis reports that GDP grew 0.6 percent in the third quarter of 2022.
Most Americans believe so.
Interest rates and servicing costs could push us into worrisome territory sooner than we think.
French President Emmanuel Macron is authoritarian-light. Candidate Marine Le Pen is worse.
Some want to solve the problem with subsidies for gas, housing, child care, and more. That only risks greater stagnation.
Congress continues to allocate funds to produce weapons that the Pentagon itself says it doesn't need.
We must face the reality that the debt does matter.
Epidemics anywhere threaten immunization efforts everywhere, including here at home.
The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.
Never let a good manufactured crisis go to waste
Get ready for more pain caused by COVID-19 as well as by the policies intended to hold it in check.
Implausible worst-case scenarios do not further the debate over reasonable policies for addressing climate change.
Absolute losses increased, but the proportion of losses relative to global GDP has dropped
AI could boost economic growth by 1.2 percent annually between now and 2030.
The nation's GDP rose 4.1 percent in the second quarter, but those good numbers aren't likely to last.
Thirty years of data show "refugee burden" is a myth: Migrants to Europe have been a significant economic benefit
Too much debt slows economic growth and reduces living standards.
Only if you think merely tripling per capita GDP by 2100 is poverty
New study quantifies the damage to economic growth that the accumulation of regulations causes
Reminding pundits Tom Friedman, Robert Reich and others of what they said.
"Gross Domestic Product" measures that include warmaking are not a good measure of citizen well-being.
Environmental Protection Agency
That amounts to 1.6 percent of the economy in 2100
The last economic contraction was during the first quarter of 2011.
Economic doom through aging, ignorance, inequality, debt and technological stagnation.
If we're to get even close to balancing the books, "mandatory" spending is in for deep cuts.
U.S. GDP is just $16 trillion instead of $54 trillion
It measures government spending as if something has been created
May have alluded to GDP figures coming out tomorrow during Prime Minister's Questions