Federal Debt: The Social Security Lockbox

During the 2000 presidential campaign, candidate Al Gore referred to the lockbox in which he would keep the Social Security surplus. Still today, we can imagine a box filled with the dollars that have been accumulating since President Ronald Reagan…

Debt Ceiling: The Trillion Dollar Coin Solution

Through a hypothetical Oval Office meeting, a Yale law professor describes a platinum solution to the debt ceiling problem. The basic idea is that if Treasury can get the money to cover government spending without borrowing then it does not need…