Daily Policy Digest

Tax and Spending Issues

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...

Effects of Eliminating the Charitable Giving Tax Deduction

Eliminating the charitable deduction would decrease employment by the equivalent of about 131,000 full-time workers and cut hourly wages by 0.2 percent...

Detroit's Health Care and Pension Costs: Who Pays the Bill?

Detroit's unfunded health care burden is actually larger than its pension deficit, but the pension problem stands out...

We're No. 1 -- In Public Employee Pay

U.S. federal employees' total benefits add up to 37 percent of their wages, compared to 23 percent for central government employees across the Organization for Economic Cooperation and Development as a whole...

Number of Americans Renouncing Citizenship Surges

A total of 1,130 names appeared on the latest list of citizenship renunciations from the Internal Revenue Service; more than were reported in all of 2012...

Social Security Disability Insurance Costs More than Medicare

Economist Richard Burkhauser calls the explosion in the number of people gaining federal disability benefits a "policy-driven epidemic"...


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