Republicans can avert a debt crisis, but only once they’ve faced some harsh truths.
His model of reform was the right one, even if no one listened to him.
An aging U.S. population presents real, but manageable, challenges—if we’re willing to act.
The budget deficit just doubled to $2 trillion. Don’t expect it to shrink anytime soon.
Focusing on per capita expenditures ignores many factors that push costs both up and down.
It’s more of a public policy question than an economic one.
What happens when politicians decide that getting power to do the right things makes it necessary to say the wrong things.
There are three options for dealing with entitlements.
Owing tens of trillions of dollars puts the U.S. on a course for stagnation—or crisis: A Dispatch Explainer.
If lawmakers won’t reduce benefits, raising taxes is the only option.
And who will pay the price when the trust fund runs out.