If you are on the political right, it is saving workers money. If you are not on the right, the reality is higher deficits and
Tag: federal budget
Interest payments
The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget: Today’s projections show a shocking new record: interest
Does Social Security add to the federal deficit?
The answer is clear: No, yes, not really, technically yes under the unified budget process. Social Security is self-funding. It uses dedicated taxes to pay
Your largest credit card
Since the start of the fiscal year in October 2023 the federal government has spent $855 billion more than it received in revenue – the
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