Budget Battles
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White House Stops Short of Endorsing Florida Drug Importation Proposal
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Democrats Call for End to Medicaid Work Requirements
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Florida’s New GOP Governor Wants to Import Cheaper Prescription Drugs from Canada
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For 2020 Dem Hopefuls, ‘Medicare-For-All’ Is A Defining Issue, However They Define It
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Baby Boomers Will Drive Health Care Spending to Nearly $6 Trillion a Year by 2027
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Voter Support for 'Medicare for All' Plunges: Poll
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Medicare, Medicaid Control Costs Better Than Private Insurers: Study
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House Democrats Introduce Bill to Expand Social Security
By Michael RaineyBacked by more than 200 House Democrats, Reps. John Larson (D-CT), Conor Lamb (D-PA) and Jahana Hayes (D-CT) introduced a bill Wednesday that would increase Social Security benefits. The bill would...
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‘Greatest Threat’ to the US? Two Top Democratic Economists Aren’t So Worried About the Debt
By Michael RaineyStarbucks founder Howard Schultz told “60 Minutes” Sunday that he is considering a run for president in 2020, possibly as a “centrist independent,” and one of his top issues is the growing national...
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CBO Offers 121 Ways to Shrink the Deficit
By The Fiscal Times StaffThe Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...
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Moody’s Warns of Declining US Fiscal Strength
By The Fiscal Times StaffTrump’s tax cuts combined with a slowing economy will diminish the United States’ “fiscal strength” over the next 10 years, Moody’s Investor Service said Wednesday. The gradual decline could pressure...
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3 Ideas for Fixing Social Security
Social Security’s trustees reported earlier this year that the program will spend more than it collects in 2018 , requiring it to tap into its $2.9 trillion trust fund to cover benefit payments. It’s...
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Transfer Payments Hit $3 Trillion Annual Pace
By The Fiscal Times StaffTotal government transfers reached $3 trillion on an annualized basis for the first time in September, according to data released by the Bureau of Economic Analysis Monday. Transfer payments include...
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Democrats Take Aim at Republicans on Entitlement Cuts
By Michael RaineyDemocrats have a new sledgehammer of a study they can use in trying to link Republican tax cuts and proposed cuts to Medicare, Social Security and other social welfare programs. A report released...
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McConnell: Entitlement Cuts Probably Won’t Happen Under Trump
Senate Majority Leader Mitch McConnell (R-KY) unleashed a storm of Democratic criticism earlier this week by telling Bloomberg News that rising deficits and debt are driven by Social Security,...
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Mitch McConnell on Rising Deficit: ‘It’s Not a Republican Problem'
The quotes: “It’s disappointing, but it’s not a Republican problem. It’s a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the...
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A Fiscal Hawk’s New Plan to ‘Avert a Debt Crisis’
The national debt rose by more than $1 trillion in fiscal 2018, and yet lawmakers have evinced little concern about it ahead of this year’s elections, instead pushing tax cuts and spending increases...
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Why the GOP’s Debt-Financed Tax Cuts Could Come Back to Haunt Them
Republicans keep saying that their tax cut plan will pay for itself, despite a profound lack of evidence to support that argument. Even the most optimistic study, from the conservative-leaning Tax...
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Should Failing Private Pension Funds Get a Federal Bailout?
By Marc JoffeBailing out pension funds by offering them unpayable loans simply kicks the can down the road and increases future deficits in a non-transparent manner. Worse, this approach could easily spread to...
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The GOP’s Tax-Cut Two-Step
Liberal critics of the Republican tax plan have long warned that it’s just the first part of a two-step plan that, after adding $1.7 trillion to the nation’s long-term debt, would quickly lead to GOP...
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Many Americans Don’t Trust Trump to Protect Social Security, Medicare
As a candidate, President Trump pledged to “save Medicare, Medicaid and Social Security without cuts,” but nearly 60 percent of Americans heading into their retirement years don’t trust him to...
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Why Pension Funds Have Fallen Behind, Even as Stocks Boom
By Richard Leong, ReutersWhile U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in...
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