Federal Spending

Piling Up Future Debts

Recent federal budget projections show much larger deficits over the next five years than were expected just a short while ago. However, these short-term projections convey almost no information about…

How Big Is the Government's Debt?
Reports about the enormous federal debt abound, as do dire predictions about the impact of that debt on future generations. But just how big is the debt?
Government Spending on the Elderly: Social Security and Medicare

Social Security and Medicare will begin paying out more in benefits than they collect in payroll tax revenues. As a result, taxes will have to rise.

Saving for a Rainy Day

In its January forecast, the Congressional Budget Office (CBO) projected budget surpluses totaling $5.6 trillion between 2002 and 2011, up from $4.6 trillion a year earlier. This forecast assumes (1)…

Public Spending And Social Progress

Over the past century, government spending grew to an average of 45 percent of gross domestic product (GDP) among developed countries. Today, total government spending in the United States and other d…

Foreign Dollar Holdings and the U.S. Money Supply

One of the most important of all economic indicators is the money supply. Most economists believe that it plays a major role in the level of interest rates, inflation and real growth in the economy. T…

Can Social Security and Medicare Be Saved?

President Clinton wants to use any possible budget surplus to save Social Security. Republican leaders in Congress want to use any money from a possible tobacco settlement to save Medicare. But neithe…

Economic Impact Of Government Spending: A 50-State Analysis

Econometric studies cast serious doubt on the benefit of most government spending. They show little relationship between most government spending - including education and highways- and economic growt…