The U.S. Credit Rating Just Dropped. It's Time for Radical Budget Reform.
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.
Entitlements
This Election Season, Beware of These False Promises
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.
The Next President Needs To Cut Spending
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
CBO Projects Huge Deficits, $116 Trillion in New Borrowing Over the Next 30 Years
A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the federal government's reckless borrowing.
The Debt Ceiling Deal Does Not Go Nearly Far Enough
Projections of huge savings are making the rounds. Nothing could be further from the truth.
Social Security and Medicare Are Ticking Time Bombs
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
Banging Our Heads on the Debt Ceiling
Plus: A listener question cross-examines prior Reason Roundtable discussions surrounding immigration, economic growth, and birthrates.
Debt Ceiling Deal Curtails GOP-Backed Budget Cuts, Spending Caps
The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.
Failing to Reform Social Security Means Mandatory Cuts
Social Security will become insolvent in the early 2030s if Congress does nothing.
Vivek Ramaswamy Is Wrong About the National Debt
We can't grow our way out of its ruinous economic impact. The only way forward is to cut spending.
Don't Believe the Media Fearmongering About Spending Cuts
In 2019, discretionary spending was $1.338 trillion—or some $320 billion less than what Republicans want that side of the budget to be.
Republicans' and Democrats' Refusal To Reform Social Security and Medicare Is Political Malpractice
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
Social Security Will Be Insolvent by 2033
New data from the program's trustees show that insolvency will hit a year sooner than previously expected, giving policy makers just a decade before automatic benefit cuts occur.
To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
Yes, There Are Libertarians During Bank Runs
Plus: The editors recommend the best books for sparking interest in free market principles.
Biden's Budget Will Raise Taxes Without Addressing the Federal Government's Spending Problem
Biden is set to propose a new tax on unrealized investment gains and to quadruple a recently imposed tax on stock buybacks.
Joe Manchin Is Once Again Telling Republicans and Democrats What They Don't Want To Hear
But it's exactly what they need to start talking about.
Paul Krugman Says Social Security Is Sustainable. It's Really Not.
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.
The Answer to Population Decline Is More Immigration
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
Social Security and Medicare Cuts Are Coming, Whether Politicians Do It or Not
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
U.S. Will Add $18.8 Trillion in New Debt by 2033
Plus: Age verification for social media, a bill to ban cannabis "gatherings," and more...
3 Reasons To Abolish Social Security Now!
The old-age entitlement is unsustainable, unfair, and unnecessary. Replace it with something that helps the needy of any age.
Under No Circumstances Did Joe Biden Save Social Security
Plus: a listener question on prohibition and a lightning round on the editors' favorite Super Bowl moments
The Fight Over the Debt Ceiling Is Just Beginning
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
The State of Our Union Sucks
The bipartisan (if shouty!) embrace of big-government nationalism ensures our populist moment won't end any time soon.
Mike Pompeo Says He 'Grew Up Libertarian'
These days, he may run for president. His politics have changed.
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.
Donald Trump and J.D. Vance Say No Cuts for Social Security. That's Impossible.
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.
The GOP's Current Plan To Cut Spending Is a Political Failure
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
Biden and Journalists Agree: Republicans Would Deliberately 'Crash' the Economy
But…does that make any sense?
The Student Loan Forgiveness Fiasco
Plus: Spider study sheds light on how misinformation spreads, Airbnb regulation ruled unconstitutional, and more...
Biden Brags About Falling Deficits, but the Federal Fiscal Situation Is Still 'Unsustainable'
Under current policies, Social Security and Medicare will consume 85 percent of all federal tax revenue by 2050.
Medicare Is About To Run Out of Money. Democrats Want To Make the Program Cost Even More.
The federal health care program is on track for a trust fund shortfall in just five years. But instead of paying for the program that exists, Democrats want to expand it.
How 9/11 Actually Changed Everything
Plus, why is no one talking about the Medicare Trustees' entitlement report?
Social Security Will Be Insolvent in 12 Years
Without policy changes, beneficiaries will receive only 78 percent of what was promised starting in 2034.
Key Medicare Fund Will Be Insolvent in Just Five Years
The health program won't be able to pay all of its bills starting in 2026, according to a new Trustees report.
Democrats Plot Huge New Federal Health Program as Part of $3.5 Trillion Budget Plan
Plus: Steven Horwitz's economic theories, Hawaii cops sued over fatal shooting, and more...
Magical Thinking Abounds in New Budget Deal Discourse
Plus: The growing trust gap, pandemic-low unemployment numbers, and more...
America's Debt Will be Twice the Size of the Economy by 2050
The Congressional Budget Office warns that higher levels of debt will slow economic growth significantly in the years ahead.
Let Healthy Young Americans Go To College and Work
Younger people aren't immune to the coronavirus but they are less likely to die or be hospitalized because of it. Let them choose their own risk.
Social Security Will Be Insolvent Even Sooner Than Expected, Thanks to COVID-19 Pandemic
A new report from the Social Security Administration expects the program to hit insolvency by 2035. Some experts say it could happen as soon as 2028 if there is a serious recession.
The Not-So-Great Society
Historian Amity Shlaes on the good intentions and bad results of LBJ's war on poverty
The Failure of LBJ's Great Society and What It Means for the 21st Century
Historian Amity Shlaes talks about the last time a president massively expanded the federal government to help people.
Why LBJ's Great Society Flopped—and What It Means for the 2020 Election
Amity Shlaes's new history of the late 1960s explains the failure of the last time the federal government tried to fix all that was wrong with America.
Was 2019 the Year of Peak Entitlement Mentality?
Federal budget deficits continue to grow despite a thriving economy
America's Forgotten Debt
Neither party is serious about reining in spending. This is unsustainable.
