Tag Archives: entitlements

GAO Insights into the Nation’s Finances and the Role of the Debt Limit

Today, U.S. Comptroller General Gene Dodaro delivered testimony to Congress on our nation’s unsustainable long-term fiscal position. He said that the Congress and administration face serious economic, security, and social challenges that will require difficult policy choices in the short … Continue reading

Image | Posted on by | Tagged , , , , , , , , , , , , , , , , , , , ,

A Check-Up on the Government’s Fiscal Health

After 6 years of declining deficits, the federal deficit increased to $587 billion in 2016 and U.S. debt held by the public stood at about $14.2 trillion at the end of 2016. These figures are only expected to grow. The … Continue reading

Image | Posted on by | Tagged , , , , , , , , , ,

What You Need to Know about Tax Incentives and the Federal Budget (infographic)

The federal budget consists of revenue (mostly taxes, but also things like user fees and intragovernmental revolving funds) and spending. But not all spending looks the same. Spending through tax provisions—known as tax incentives or expenditures—is not as well-known as … Continue reading

Image | Posted on by | Tagged , , , , , , ,