The latest financial report from the trustees who oversee Social Security and Medicare highlights the financial difficulties facing the vital programs. See the summary.
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25 July 2014 - A recent video produced by students at the University of Virginia effectively explains our budget and debt situation as it relates to the millennial generation (those born between the early 1980s and early 2000s).
24 July 2014 - The Congressional Budget Office (CBO) projects that even under the best case scenario, the national debt would reach 75 percent of GDP by 2039, that’s roughly twice the historical average. The worst would be debt ballooning to 159 percent of GDP by 2039.
17 July 2014 - The Campaign to Fix the Debt was launched two years ago today on July 17, 2012. In that short period of time a lot has happened and some progress has been made in getting America’s finances under control. Yet, we were recently reminded that there is still a great deal of work to be done to put the country on a sound course.
16 July 2014 - The Committee for a Responsible Federal Budget released a paper Monday called, “The Budget Act at 40: Time for a Tune Up?” The CRFB paper focused on structural weaknesses of the Budget Act, dividing the problems into three areas: lack of transparency, accountability, and long-term focus. Similar concerns were echoed at a panel discussion hosted by the Bipartisan Policy Center on Tuesday, “The Budget Act at 40: Midlife Crisis?”
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