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Military Machine: 1. US Defense Spending

The author’s hometown is Randolph, Vermont.  Randolph has never been attacked by a foreign power. In fiscal year 2016, the total municipal expenditures of the...

Unsustainable Fiscal Path:3. Consequence of Never Ending Deficits

The federal government knows that our current fiscal policies are unsustainable. The Government Accountability Office (“GAO”) defines a “sustainable fiscal policy” as one where...

Unsustainable Fiscal Path: 2. The Federal Government’s Debt & Liabilities

Each year, the Government Accountability Office (“GAO”) prepares the Financial Report of the United States that, among other things, tallies up all of the...

Unsustainable Fiscal Path: 1. Growing Federal Debt & Deficits

In fiscal year 2017, the federal government’s audited expenditures exceeded its revenues by $1.56 trillion. If you adjust this for non-cash accruals and other...

Social Insecurity: 5. Fixing the Social Security and Medicare Programs

The four prior articles outlined in detail the revenue sources and expenditures of the Social Security and Medicare programs.  They also discussed the rapid...

Social Insecurity: 4. The Growing Cost of Medicare

The US has an aging population that is forecast to drive Medicare costs higher in the years ahead: much higher. Each year, the Medicare Trustees...

Social Insecurity: 3. The Medicare Program

Medicare is the second pillar of the US retirement security system.  It is a national health insurance program for people aged 65 and older...

Social Insecurity: 2. The Growing Social Security Funding Defecit

The Social Security program is going bust. There are four dedicated sources of revenue that fund Social Security: a) payroll taxes, b) a portion of...

Social Insecurity: 1. The Social Security Program

Social Security is the foundation of the country’s retiree income safety net. About 60 million people are now beneficiaries under the program and, for...
Revenue and Expenditures

Incompetence, Gross Mismanagement & Fraud: 4. Problems That Never Go Away

Each year, the Government Accountability Office outlines government programs that represent high levels of fiscal risk and each year the list is pretty much...