Budget Battles
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Florida’s New GOP Governor Wants to Import Cheaper Prescription Drugs from Canada
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For 2020 Dem Hopefuls, ‘Medicare-For-All’ Is A Defining Issue, However They Define It
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Baby Boomers Will Drive Health Care Spending to Nearly $6 Trillion a Year by 2027
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Voter Support for 'Medicare for All' Plunges: Poll
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Medicare, Medicaid Control Costs Better Than Private Insurers: Study
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SOTU 2019: 3 Important Things Trump Said, and 1 Big Thing He Didn’t
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Ideas To Curb Surprise Medical Bills Percolate With Rare Bipartisan Push
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House Democrats Introduce Bill to Expand Social Security
By Michael RaineyBacked by more than 200 House Democrats, Reps. John Larson (D-CT), Conor Lamb (D-PA) and Jahana Hayes (D-CT) introduced a bill Wednesday that would increase Social Security benefits. The bill would...
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‘Greatest Threat’ to the US? Two Top Democratic Economists Aren’t So Worried About the Debt
By Michael RaineyStarbucks founder Howard Schultz told “60 Minutes” Sunday that he is considering a run for president in 2020, possibly as a “centrist independent,” and one of his top issues is the growing national...
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CBO Offers 121 Ways to Shrink the Deficit
By The Fiscal Times StaffThe Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...
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Moody’s Warns of Declining US Fiscal Strength
By The Fiscal Times StaffTrump’s tax cuts combined with a slowing economy will diminish the United States’ “fiscal strength” over the next 10 years, Moody’s Investor Service said Wednesday. The gradual decline could pressure...
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3 Ideas for Fixing Social Security
Social Security’s trustees reported earlier this year that the program will spend more than it collects in 2018 , requiring it to tap into its $2.9 trillion trust fund to cover benefit payments. It’s...
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Transfer Payments Hit $3 Trillion Annual Pace
By The Fiscal Times StaffTotal government transfers reached $3 trillion on an annualized basis for the first time in September, according to data released by the Bureau of Economic Analysis Monday. Transfer payments include...
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Democrats Take Aim at Republicans on Entitlement Cuts
By Michael RaineyDemocrats have a new sledgehammer of a study they can use in trying to link Republican tax cuts and proposed cuts to Medicare, Social Security and other social welfare programs. A report released...
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McConnell: Entitlement Cuts Probably Won’t Happen Under Trump
Senate Majority Leader Mitch McConnell (R-KY) unleashed a storm of Democratic criticism earlier this week by telling Bloomberg News that rising deficits and debt are driven by Social Security,...
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Mitch McConnell on Rising Deficit: ‘It’s Not a Republican Problem'
The quotes: “It’s disappointing, but it’s not a Republican problem. It’s a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the...
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A Fiscal Hawk’s New Plan to ‘Avert a Debt Crisis’
The national debt rose by more than $1 trillion in fiscal 2018, and yet lawmakers have evinced little concern about it ahead of this year’s elections, instead pushing tax cuts and spending increases...
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Paul Ryan Throws in the Towel on Entitlement Reform
By Michael RaineySpeaker of the House Paul Ryan has long wanted to restructure entitlement programs, and there was some speculation that Republicans might try to reform Medicare and Social Security in the wake of...
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Trump’s Top Priority for 2018: Infrastructure or Welfare Reform?
Trump’s Top Priority for 2018: Infrastructure or Welfare Reform? The White House has yet to finalize its top priorities for 2018, according to reports, but the administration would like to pursue...
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McConnell Says Welfare and Entitlement Reform Not on Senate’s 2018 Agenda
President Trump and House Speaker Paul Ryan have said that welfare reform is on their to-do list for 2018. Mitch McConnell apparently has a different plan. The Senate Majority Leader on Thursday told...
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The Problem with Trump’s New 401(k) Pitch
President Trump and the White House have embraced the rising stock market as a gauge of their economic impact. Bloomberg News reports that the president has been testing a new campaign pitch, asking...
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Social Security Changes May Be on Trump’s Agenda … for His Second Term
President Trump once told a Republican member of Congress that he would not touch Social Security “until the first day of his second term,” the unnamed lawmaker told Business Insider. More on...
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