The New Republican Budget Plan Is Unserious
It tries to offset as much as $4.8 trillion—mostly for tax cut extensions—with only $1.5 trillion in supposed spending reductions.
Entitlements
Social Security's Insolvency Is Driven by Benefits for the Living, Not Fraud by the Dead
Elon Musk claims to have uncovered massive fraud within Social Security, but those data are already well known and not a major problem.
DOGE Is Good. It's Not Enough.
Even if the Department of Government Efficiency eliminates all improper payments and fraud, we'll still be facing a debt explosion—which requires structural reform.
The DOGE Bait and Switch
The pretend department’s downgraded mission reflects the gap between Trump’s promise of "smaller government" and the reality of what can be achieved without new legislation.
Will 2025 Be the Year of U.S. Fiscal Sanity?
With inflation risks persisting and entitlement spending surging, the situation cannot be ignored. But we never should have gotten to this point to begin with.
Social Security Is Deeply Unfair. The Social Security Fairness Act Won't Fix That.
What is paid out to Social Security beneficiaries is not a return on workers' investments. It's just a government expenditure, like any other.
Senate Tees Up $200 Billion Social Security Giveaway to Public Sector Workers
The Social Security Fairness Act will boost payouts to public sector workers who receive pensions and did not pay taxes to support Social Security.
Musk's Department of Government Efficiency Can—and Should—Tackle Medicare and Social Security
Doing nothing will lead to Medicare benefits being cut by 11 percent and Social Security Benefits being cut by 23 percent in less than a decade.
Donate Because Reason Is Consistent in the Chaos
Saturday is a great day to give to the magazine of free minds and free markets—and double your dollars!
Congress Is Fiscally Reckless. Will Lawmakers Step Up?
Trump is talking about cutting government spending, but that's mostly in Congress' hands.
Social Security Approaches Its Day of Reckoning
Americans should plan for their futures rather than relying on a nonexistent Social Security “trust fund.”
Abolish Social Security
Stop robbing poor, hard-working Peter to pay well-off, retired Paul.
Trump's First Term Wasn't Fiscally Responsible. Will His Second Be Different?
Even before the pandemic spending increase, the budget deficit was approaching $1 trillion. The GOP has the chance to embrace fiscal sanity this time if they can find the political will.
To Succeed at Cutting Government, Musk and Ramaswamy Must Take on Entitlements
When it comes to cutting waste, fraud, and abuse, what's lacking is not ideas but the political will to act on them.
Trump Has No Discernible Interest in Fiscal Responsibility
The president-elect’s record and campaign positions belie Elon Musk’s talk of spending cuts.
Medicare-Covered Ozempic and Long-Term Care Would Be Very Pricey
Healthcare promises always come with high costs.
Reform Social Security for Those Who Need It Most
As it stands, the program effectively redistributes money from younger and poorer people to richer people.
Donald Trump and Kamala Harris Keep Making Economically Illiterate Promises
These policies may sound good on paper—but they would be disastrous in reality.
Biden and Harris' Record on Spending and Debt Is a Tragedy of Epic Proportion
When they entered the White House, the budget deficit was a pandemic-influenced $2.3 trillion, and it was set to fall to $905 billion by 2024. It's now twice what it was supposed to be.
Chase Oliver on Budget Cuts, War, and Immigration
"Right now, we need to get ourselves at least to a balanced budget, and that involves cutting a lot of the third rails of American politics," the Libertarian presidential nominee tells Reason.
Idaho Child Care Program Faces $16 Million Deficit as Bureaucrats Overextend Benefits
As conservatives push for cuts, lasting reform will require closing accountability gaps and restructuring entitlements.
The U.S. Can't Afford To Cut Taxes on Social Security Benefits
The campaign promise from Donald Trump sounds nice, but it would be disastrous when considering the program is already racing toward insolvency.
Lessons for the U.S. from Japan's Lost Decade
Facing an economic downturn in the 1990s, Japan racked up debt. America should not repeat that mistake.
The 2024 GOP Platform Promises To 'Make America Affordable Again.' So Why Are They Embracing Fiscal Insanity?
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
Republicans Confirm Their Plan To Let Social Security Go Insolvent
Which party can do the least to fix America's troubled old-age welfare system?
The National Debt Is Crossing an Ominous Line
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
America Is in a Debt Crisis. Will Trump or Biden Address It at the Debate?
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
'I Don't Support Mandates From Government': John Stossel Interviews Libertarian Presidential Nominee Chase Oliver
The candidate makes the case against the two-party system.
Eating Doritos While Drowning in Debt
Plus: A listener asks if there are any libertarian solutions to rising obesity rates.
The National Debt Is Now So High That Every American Essentially Owes $100,000
We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.
The GOP Once Claimed To Be the Party of 'Fiscal Responsibility.' So Why Not Reform Social Security?
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture
Why aren't politicians on both sides more worried than they seem to be?
Social Security and Medicare Are Going Insolvent. Neither Biden nor Trump Has a Plan for It.
Social Security is expected to hit insolvency in 2035, while the portion of Medicare that pays for hospital visits and other medical care will be insolvent by 2036.
Biden and Trump Try To Wish Away the Looming Entitlement Crisis
Neither presidential candidate is willing to back the reforms necessary to close the gap between revenue and benefits.
Biden's Antitrust Case Against Apple Is Truly Stupid
Plus: A listener asks about the absurdity of Social Security entitlements.
A GOP Plan To Raise the Retirement Age Reveals How Unserious Washington Is About Social Security
An obvious, tepid reform was greeted with shrill partisan screeching.
Biden Says He'll Make the Wealthy Pay More To Fix Social Security. Here's Why That Won't Work.
Raising the payroll tax cap could generate up to $1 trillion over 10 years, but Social Security faces a $2.8 trillion deficit.
A Bipartisan Tax Hike Won't Fix This Deficit
The government needs to cut back on spending—and on the promises to special interests that fuel the spending.
Politicians Need To Stop Pretending the National Debt Is Sustainable
The reality raises questions about the kind of future we want to leave for the next generation.
DeSantis, Haley Highlight the Republican Party's Deeply Unserious Approach to Social Security
A decade ago, DeSantis was supporting real efforts at reforming Social Security. Now, he's refusing to even acknowledge the problem.
On Economic Issues, the Populist Right and Left Share a Lot of Common Ground
That's bad news for Americans.
All I Want for Christmas Is for Congress To Exercise Fiscal Restraint
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
Congress Is Trying To Avoid Taking Responsibility for the Debt Crisis It Created
A fiscal commission might be a good idea, but it's also the ultimate expression of Congress' irresponsibility.
Here's One Way To Move Toward Responsible Government and Sane Fiscal Policy
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Are Republicans Finally Getting Serious About Social Security?
This week's debate was the first signal that the party's next presidential nominee might actually understand the entitlement crisis.
The U.S. Needs a Fiscal Commission Because Congress Won't Do Its Job
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.
87% of Americans Want Politicians To Do Something Before Social Security Runs Out of Money
Entitlement reform has long been considered a third rail in American politics, but that perspective might be changing.
