The House Republican Proposal To Avert a Debt Ceiling Crisis Is Untested and Unworkable
Proposals to prioritize certain payments in lieu of increasing the debt ceiling would increase, not decrease, the federal government’s risk of default.
GOP Members of Congress Threaten Debt Limit Default To Cut Social Security and Medicare
Several minority leaders in Congress indicate that holding the debt limit hostage to force program cuts in Social Security and Medicare is part of their 2023 playbook.
If you’re turning 60 this year, the COVID-19 pandemic could cost you $1,428 every year during your retirement
Author Alan Cohen explains why the COVID-19-induced recession could mean that 3 million workers who turn 60 this year will likely see a significant reduction in their lifetime Social Security benefits.
The Need for Direct Assistance to Local Governments in Response to the Coronavirus
Without substantial, immediate, direct aid to local governments, first responders, teachers, and millions of other vital local government employees will be put out of work—and this will also make the recession deeper and more long lasting.
Tax Cut Bill Will Lead to Trillion Dollar Deficits
Despite claims that the recently passed tax cut bill will lead to a reduction in deficits and debt, CBO projections indicate that the opposite will be true.
