Neither one of the major party candidates for president would reduce the national debt. In fact, the situation would get worse, potentially much worse.
Due to the success of the Fiscal Fridays television interview series during the presidential primaries, Fix the Debt is pleased to be involved in its return for congressional campaigns. Several candidates for Congress in New Hampshire have been interviewed so far and more will follow.
On Friday, Republicans in the House of Representatives released a tax reform plan as a part of their policy agenda.
One again, the trustees responsible for overseeing the finances of Social Security and Medicare are warning that both vital programs face serious financial problems and policymakers should act sooner rather than later. The same warning has been issued year after year, but Washington refuses to heed it.
Everyone agrees that the federal budget process is broken. Congress has agreed on a budget resolution only once in the last six years. Fortunately, efforts are underway to improve things.