Interest rates are going up. That will have a big impact on the national debt and federal budget that will be hard to ignore.
Tax reform is high on the agenda for the incoming president and Congress. And it’s about time since it’s been over 30 years since the last overhaul of the tax code.
It’s been a long time since Social Security was last reformed, but there are plenty of ideas to make it happen. Those were the two main messages from a recent anniversary involving the last time Social Security was reformed.
Amid yet another annual federal budget and government spending process that has seen missed deadlines and no concrete outcome, there is a growing effort among leaders in Congress to fix the broken budget process.
The co-chairs of the non-partisan Committee for a Responsible Federal Budget – Governor Mitch Daniels, Secretary Leon Panetta, and Congressman Tim Penny – offered ten action steps to secure our fiscal future for the president-elect.