The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time.
Entitlement reform has long been considered a third rail in American politics, but that perspective might be changing.
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
Medicare's new price-setting process for drug purchases is better than its current one if the result is lower government spending.
It's not the first time that has happened, but there are key differences about what happened this year.
Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
America’s biggest fiscal challenge lies in the unchecked growth of federal health care and old-age entitlement programs.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.
Since Congress designed and implemented the last budget process in 1974, only on four occasions have all of the appropriations bills for discretionary spending been passed on time.
Many politicians offer a simplified view of the world—one in which government interventions are all benefits and no costs. That couldn't be further from the truth.
A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the federal government's reckless borrowing.
Letting third parties pay our bills pushes prices higher and limits our options.
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
Why the businessman launched a long shot campaign for the presidency.
The longer we wait to address our debt, the more painful it will be.
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Handouts for tourist-trap museums will be part of the federal funding battleground in the next two years.
Biden is set to propose a new tax on unrealized investment gains and to quadruple a recently imposed tax on stock buybacks.
Krugman sees benefit cuts as "a choice" but believes that implementing a massive tax increase on American employers and workers would be "of course" no big deal.
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
Plus: a listener question on prohibition and a lightning round on the editors' favorite Super Bowl moments
And increase total health care costs to boot.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
Social Security benefits will be cut automatically in less than a decade unless Congress shores up the program before it hits insolvency. Ignoring that is not a solution.
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
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.
From cronyist subsidies to an unfair tax code, there are several key fixes Congress could make to better serve the public.
Under current policies, Social Security and Medicare will consume 85 percent of all federal tax revenue by 2050.
The president's new budget plan calls on Congress to tax wealthy Americans' unrealized capital gains.
We must face the reality that the debt does matter.
The House passed the bill this week with little fanfare and broad bipartisan support.
Assorted observations on yesterday's opinions, what they mean, and what comes next.
BREAKING: SCOTUS Stays OSHA Vax-or-Test Rule, Allows CMS Vaccine Mandate for Health Care Workers to Take Effect
By divided votes, the justices entered stayed t the OSHA Emergency Temporary Standard and stayed the lower court injunctions against the mandate that Medicare and Medicaid service providers require their employees to get vaccinated.
The Supreme Court has asked for responses to the federal government's stay request.
The Biden Administration is seeking to stay lower court injunctions against the mandate.
The district court's justification for a nationwide injunction was decidedly lacking.
Now that a federal appeals court has weighed in, the CMS mandate may reach One First Street.