Category Archives: US Federal Budget

Should Children Vote?

The rising cost of entitlements will test inter-generational harmony. In the week following the Brexit vote, a recurrent complaint from the losing side was that a majority of older people voted to leave while a majority of younger people voted to remain. … Continue reading

Posted in 2016 Candidates, Demography, Economy, Medicare, Pension Funds, Social Security, Society, United States, US Federal Budget | Leave a comment

Would Reaganomics Work Today?

The key drivers that propelled the Reagan economy are now tapped out or out of favor. The name of Ronald Reagan is frequently evoked by the current contenders to the GOP nomination. Donald Trump speaks admiringly of the 40th President of … Continue reading

Posted in 2016 Candidates, Demography, Dependency Ratio, Economy, Taxation, United States, US Economy, US Federal Budget

USA: Proposal for Social Security Reform and Medicare Modernization

The BUSINESS ROUNDTABLE, an association of CEO’s of leading US companies released proposals to reform Social Security and Medicare.  Among its recommendations  are an increase of the Social Security retirement age from 67 to 70 and means-testing of Social Security … Continue reading

Posted in Economy, Family Planning, Pension Funds, Retirement, United States, US Congress, US Economy, US Federal Budget

Bill Gross: Four Structural Issues Weighing on the US Economy

BILL GROSS, co-CIO of PIMCO, writes in the firm’s latest INVESTMENT OUTLOOK: Strawberry Fields – Forever? You didn’t build that ….. 332 I built that ………………… 206 Well, I guess that settles it: you didn’t build that after all. Or … Continue reading

Posted in Demography, Emerging Markets, Technology, United States, US Economy, US Federal Budget, Wall Street

USA: Long-Term Implications of an Older Population

The NATIONAL RESEARCH COUNCIL released a new report Aging and the Macroeconomy: Long-term Implications of an Older Population. Excerpts of the press release: Population Aging Will Have Long-Term Implications for Economy; Major Policy Changes Needed WASHINGTON — The aging of the U.S. … Continue reading

Posted in Demography, Dependency Ratio, Health Care, Retirement, United States, US Economy, US Federal Budget

Does U.S. Population Bust Spell Fiscal Doom?

FROM INVESTORS’ BUSINESS DAILY: Some news that gets little attention can have a big impact down the road. Case in point: U.S. population growth this year hit its lowest rate in decades. And no, this isn’t a good thing. Population-control … Continue reading

Posted in Demography, United States, US Economy, US Federal Budget

New York Times: Is Simple Demography Behind Weak Economy?

DAVID LEONHARDT writes in the NEW YORK TIMES: Economic growth in the United States has been disappointing for more than a decade now. Some of the reasons are complex and hotly debated, and will be the subject of a series of posts … Continue reading

Posted in Demography, Dependency Ratio, United States, US Economy, US Federal Budget, Wall Street

CBO: US Entitlements Put Federal Debt on Unsustainable Path

PETER SUDERMAN WRITES IN REASON: The latest long-term budget outlook from the Congressional Budget Office reads like a particularly dark noir: Things start out pretty bad. And then they get worse. “Over the past few years,” the report’s first sentence explains, … Continue reading

Posted in Demography, Economy, Politics, US Congress, US Economy, US Federal Budget

Demographic Megatrends of the 21st Century

The world’s changing demographics will have a far-reaching impact on our economy. Context, as we know, can be very important in economics and in investing.  Some of the most successful investors of our time might have been unknown humble laborers if they had instead … Continue reading

Posted in Africa, Analysis and Opinion, Asia, China, Demography, Economy, Emerging Markets, Europe, European Union, France, Germany, India, Italy, Japan, Nigeria, Russia, Sub-Saharan, United Kingdom, United States, US Economy, US Federal Budget

USA Today: ‘Real’ US Federal Deficit Is $5 Trillion

DENNIS CAUCHON OF USA TODAY writes that the true size of the US federal budget deficit dwarfs current estimates. USA Today’s analysis accounts for the present value of future liabilities for all entitlements including Social Security and Medicare. Current practice excludes these liabilities from … Continue reading

Posted in Demography, Economy, US Economy, US Federal Budget