Rising National Debt & Social Security Reform

US NATIONAL DEBT CLOCK

Watch and listen to experts discuss the problems of structural Fiscal Deficits and Rising National Debt. How do we resolve this problem, to safeguard against our own Economic Security, Generational Equity and protect our related National Security. This CNN Special aired on April 11, 2010.

WATCH: $10 Trillion & Counting A Frontline Special on PBS (aired March 24, 2009)

QUESTION: How Much is a Trillion Dollars – by William Bryant

In the News:

  • House Bill Includes Major Investments to Help Families Pay Rent
  • States Look to Expand Opportunity by Boosting Capital Gains Taxes
  • New Videos Highlight Impact of Puerto Rico’s Food Aid Cut
  • Poverty Line Proposal Would Cut Medicaid, Medicare, and Premium Tax Credits, Causing Millions to Lose or See Reduced Benefits Over Time
  • Audits of Highest-Income Taxpayers Fall Again
  • House Appropriations Actions Set Stage for Battle Over 2020 Funding Levels and Priorities
  • In Case You Missed It…
  • 65 Years After Brown v. Board of Education, More Suits Over Education Equity
  • Without Senate Action, Puerto Rico, Other Territories Lack Critical Health, Food Aid
  • Roundup: Administration Efforts to Sabotage the Affordable Care Act
  • Links & Resources:

    Peter G. Peterson Foundation
    Concord Coalition
    Center on Budget & Policy Priorities
    Committee for Responsible Federal Budget
    National Public Debt Clock
    US National Debt Clock – Figures & Ratios
    The Cato Institute
    US Bureau of Public Debt
    Congressional Budget Office
    ZFacts – National Debt Statistics
    Grandfather Report – National Debt
    Social Security Administration -see Trustee Report
    Social Security – FAQ
    US Federal Budget (pdf)
    US Federal Debt (pdf)
    Citizen’s Guide to the Federal Budget – OMB (.pdf)
    Testimony to Strengthen Social Security (.pdf)
    Social Security: Defining the Problem (.pdf)
    Social Security: Options for Reform (.pdf)

    Opinion, Editorials & Political Commentary:

    2007 Pie Chart: Fiscal Budget of Revenues & Outlays – $163 Billion Deficit
    2007 Pie Chart: US Military Spending compared to other Countries and the World
    13 Mar 07 – Wincing Dems are likely to raise the limit on Debt (The Hill)
    16 Mar 06 – Congress sets new Federal Debt Limit: $9 trillion (National Public Radio)
    7 Feb 06 – Bush’s Budget sparks bipartisan protest (CBS News)
    8 Jan 06 – U.S. hovers close to its Debt Ceiling — Treasury boss says government business could be affected (San Francisco Chronicle)

    August 1993:  President Clinton – Press Interviews regarding Deficits & Budgets [Exhibits A thru E]
    Omnibus Budget & Reconciliation Act of 1993 (OBRA-93)

    Jan 25, 1994: Clinton – State of the Union Address
    [Post OBRA-93, Budget/Program Cuts & Tax Increases, Health Care Reform & Welfare Reform]

    Jan 27, 1998  Clinton – State of the Union Address
    [Deficits will simply be “zero” and “save Social Security first”]

    Jan 19, 1999  Clinton – State of the Union Address
    [Universal Savings Accounts (“USA Accounts”) and fund Social Security & Medicare]

    OPINION  – WEB

    14 Sept 12 –US Debt Invoice – 2012
    4 Aug 08 – US Debt Invoice – 2008
    9 Oct 04 – Bush Tax Policy (WEB)
    10 Jan 01 – Clinton Letter Regarding OBRA-93 (WEB)
    12 Nov 04 – Electoral vs Popular Vote (WEB)