The Latest Breaking News from CRFB

Elon Musk Implausibly Claims 'Competence and Caring' Can Cut the Federal Budget Deficit in Half

The DOGE director wildly exaggerates what can be accomplished by tackling "waste, fraud, and abuse" in government spending without new legislation.

Reason · Feb 12, 2025

Keeping These Tax Cuts Is a Bad, Expensive Idea

Everyone loves lower taxes, but cutting them without reducing spending is bad news for the national debt.

Reason · Dec 12, 2024

Trump's Plan To Cut Social Security Taxes May Benefit Millions, Especially Top Earners, But Risks Insolvency In Six Years

Trump's plans to eliminate Social Security taxes could affect revenues flowing into OASI and HI trust funds by $1.5 trillion in the next ten years.

International Business Times UK · Nov 14, 2024

Cuts to Social Security Benefits Could Top $21,000 for High-Income Couples

Benefits will be slashed 21% starting in 2033 if Social Security is not fixed, according to a new report. This is how much you could lose in annual benefits.

Kiplinger · Sep 12, 2024

Michael Hiltzik: Social Security is perfectly healthy, but there’s one easy way to improve it

’Tis the season for hand-wringing over the fiscal condition of Social Security.

Los Angeles Times · Apr 4, 2023

Michael Hiltzik: The stupid and dishonest idea of raising the Social Security retirement age is back

The people who are in the forefront of pushing Social Security "reform" by cutting benefits have gotten pretty good at hiding their intentions behind plausible-sounding jargon and economists' gibberish.

Los Angeles Times · Feb 3, 2023

Why the federal government should join the Fed in the inflation fight

Fiscal policy is missing in the battle against rising prices.

Axios · Oct 19, 2022

Michael Hiltzik: Would forgiving student debt drive up inflation? Only if you're using lousy math

With a deadline looming in less than two weeks for President Biden to decide what to do about student debt, it shouldn't be surprising that conservatives have been agitating with increasing intensity against relief for the borrowers.

Los Angeles Times · Aug 22, 2022