Tagged: deficit

Here’s the Real Mix of Spending and Revenue in the President’s Deficit Reduction Proposal

Here’s the Real Mix of Spending and Revenue in the President’s Deficit Reduction Proposal

President Obama’s budget identifies a group of policies as a $1.8 trillion deficit reduction proposal. I found the budget presentation of this proposal somewhat confusing; in particular, it is difficult to see how much...

How Bad Is America’s Pension Funding Problem?

How Bad Is America’s Pension Funding Problem?

Unfunded liabilities in pension funds are just as onerous as other kinds of debt. Such liabilities now total more than $2.5 trillion and are growing at a rapid pace. No sooner had the Chicago...