How to Pay For a $1.9 Trillion Package

Through massive pandemic aid, the 2020 CARES Act ballooned the federal deficit. With spending far exceeding revenue, the difference was $2.8 trillion:   Now, President-elect Biden has proposed a new $1.9 trillion relief package. It includes payments to Americans who…

How COVID-19 Affects Social Security’s Health

According to a University of Pennsylvania economist, just three questions can serve as a barometer of financial literacy. Do give them a try. I’ve listed the correct answers at the end of today’s post: As a pension expert, Wharton School…

What the Pandemic Will Do to Social Security

A looming Social Security shortfall could happen much sooner because of pandemic spending and its impact on the birth rate.

Where the Federal Deficit Can Fool Us

At $1 trillion, the ballooning U.S. deficit can be understood as a number, as a proportion of the budget, and the reason we owe China so much money.

A Single-Payer Primer From the CBO

In a new report, the Congressional Budget Office (CBO) presents a menu of choices that we will need to consider if we want single payer healthcare.

The Surprising Problem With End-of-Life Spending

Although end-of-life Medicare spending accounts for a relatively large slice of its budget, it’s tough to cut for a reason that none of us would expect.

All You Need to Know About a NASA Shutdown

A look at the NASA shutdown reveals the massive human cost and the programs that are affected when an agency is suddenly unfunded.

What a Government Shutdown Does to Each of Us

A government shutdown is again in the news. The key date is December 21. If federal agencies without funding do not get their money by then, they have to follow their shutdown rules. I suspect most of us will be…

Why We Might Have Another Partial Government Shutdown

To see why another partial government shutdown is a possibility, we can look at the Congress’s continuing resolutions (CRs).

Six Facts We Need to Know About the Federal Budget

The six facts that we need to know about the federal budget include spending, taxes, borrowing, and where we could wind up.