Did Part D Work?

Mark Duggan and Fiona Scott Morton published a paper at NBER with this general conclusion:

Medicare 2085 and Not as Scary Numbers

The Trustees Report intermediate projection for Medicare costs in 2085 is about 11% of payroll.

The Future of Medicare

From time to time, DemocracySpace joins other public-interest blogs in writing about an issue proposed by Facing Up to the Nation's Finances, a non-partisan project on the long-term implications of the federal budget.

Hot Links: Healthcare, Health Insurance & Medicare

The Federal government and private industries such as General Motors and John Deere & Co. are grappling with what to do about spiraling costs for healthcare and health insurance. Here are short snippets from longer articles on this issue:

What Needs to Be Done?

With a greying population, Medicare costs are anticipated to rise drastically over the coming decades, and with each passing day, each one of us approaches the day where, God willing, we would be covered under a Medicare Program, either upon reaching the age of sixty fi

A 12-Step Plan on the Budget

When it comes to the federal budget, a 12-step program works pretty well as an analogy. After all, financially speaking, the federal government engages in consistently self-destructive behavior. Even when the government makes progress, our leaders are prone to falling off the fiscal-responsibility wagon.

BlogWatch: Iraq, Taxes & America's Fiscal Challenges

Over at the CBO Director's Blog, discussion centers around the advantages and disadvantages of implementing a capital budget at the federal level.  The CBO's director -- Peter R.

Even Vampire Hunters Have to Pay Taxes

It's the old Hollywood story: Actor gets rich and famous. Actor attracts an entourage of self-serving, unsavory associates. Actor gets himself into lots of trouble.

Thoughts on the Nation's Debt

American national debt has been largely ignored by politicians. The divide between rich and poor is already growing and I fear that the national debt crisis will only increase its growth. Without immediate action, I predict that the standard of living for my generation will sharply decline and important federal programs like Medicare and Social Security will be substantially cut back.

The Growth of U.S. Debt

As of April 2008, the U.S. federal debt is approximately $9.5 trillion. This is $31, 100 for every U.S. resident. Especially since the 1980s, the U.S government has been spending more than their yearly budget every year. To cover the deficit, the U.S. government issues a new debt. Current debt of $9.5 trillion is the all-time high and is 9 times more compared to 1980s.

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