Daily Policy Digest

Tax and Spending Issues

The Indebted States of America

Arkansas defaulted in 1933 -- one of more than 4,700 Depression-era defaults by state and local government entities, including nearly 900 by school districts...

To Deal With Waste, Fraud and Abuse, Cut Spending

Lawmakers in Congress have been captured by private interests and will continue to support programs even in the face of clear evidence that they shouldn't...

Office of Management and Budget Report on Regulations Not Representative

While 3,700 regulations were issued in fiscal year 2012, with 80 of them being categorized as "major," only 14 regulations were included in the Office of Management and Budget's analysis...

Should the United States Move to a Consumption Tax?

Tax reform should move us in the direction of taxing consumption rather than saving and investment...

State Governments Must Address Pension Reform

It is difficult to estimate the size of unfunded liabilities, but they range anywhere from $750 billion to more than $4 trillion, enough to cover a $60,000 salary and benefits package for 625,000 to 1.2 million new elementary school teachers for 20 years...

Is Detroit Really Bankrupt?

The two pension funds that represent Detroit's city workers and retirees are challenging the way the city's emergency manager has calculated their unfunded liabilities...

States Need Private Investment in Roads

Private capital is available for investment in toll roads and bridges, and can better assess profitability than logrolling members of Congress...

Congressional Budget Office Should Use Dynamic Long-Term Fiscal Scoring

Rather than relying on short-term, static scores and rough guesses about the future, Congress should avail itself of fully dynamic long-term budget scoring to be fully informed before making fiscal decisions...

Economist Says Real U.S. Debt $70 Trillion

University of California, San Diego, economics professor James Hamilton says the U.S. debt is $70 trillion -- not $16.9 trillion, as reported by the federal government...

Social Security Disability Insurance Costs Increasing

The dramatic rise in Social Security Disability Insurance claims has pushed the program's insolvency date to 2016...


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