Downsizing Blog
The Unsustainable Burdens Posed by the So‐Called Medicare and Social Security Trust Funds
According to the Social Security and Medicare Boards of Trustees’ 2023 reports, Medicare and Social Security now exceed $78 trillion in long‐term unfunded obligations.
Government‐Run Business Fails
Holman Jenkins discusses problems with the air traffic control (ATC) system today in the Wall Street Journal.
Evidence Builds Against the Low‐Income Housing Tax Credit
The Low‐Income Housing Tax Credit (LIHTC) is a federal housing subsidy that allocates tax benefits to the states for constructing apartment buildings and other projects.
Medicare and Social Security Are Responsible for 95 Percent of U.S. Unfunded Obligations
Over the next 75 years, U.S. taxpayers face nearly $80 trillion in long‐term unfunded obligations.
Federal Interest Costs, 1790–2033
A warning sign of a coming debt crisis is soaring interest costs.
Fast Facts about the U.S. Federal Debt
This fact sheet lays out everything legislators and the public need to know about the U.S. federal debt to help them examine the unsustainability of the U.S. budget.
Federal Spending Up 40 Percent Since 2019
Federal spending jumped from $4.45 trillion in 2019 to $6.21 trillion in 2023, according to the Congressional Budget Office.
10 Budget Reforms Millennials Can Get Behind
As federal debt continues to rise, younger generations will bear the brunt of today’s irresponsible deficit spending.
Let There Be Tax Reform
The low‐income housing tax credit hands out $11 billion a year in tax subsidies, which are supposed to flow to tenants in lower rents.
Deficits Caused by Broad‐Based Spending Increases
Today’s soaring federal deficits are a looming disaster and were sadly avoidable.