deficits

Social Security Is in Far Worse Shape Than You Think

For years, policymakers have reassured the public that Social Security will be solvent for decades. But federal spending and income data from the Treasury reveals that Social Security is already deep in the red, with outlays exceeding payroll tax revenues by $76 billion in 2010 alone.

Why Interest Rates Keep Rising, Despite QE2

The Federal Reserve is doling out billions to buy bonds in hopes of keeping interest rates low and stimulating the economy. However, several powerful forces are working against that low-rate strategy, ranging from investor psychology to global competition for capital.

Why the Skyrocketing Deficit Matters

Respected economists like Paul Krugman are claiming deficits don't matter, while other equally well-regarded economists such as Kenneth Rogoff say high debt levels lead to substantially lower growth.