Anyway, what happens if you eliminate the Social Security tax cap with no add'l benefit provided?

The 0.9% of GDP raised closes barely half of the SocSec gap that is set to reach 1.7% of GDP by the 2030s. So it doesn't prevent the need for eligibility age or benefit reforms.

Check out Chairman Rep. Jodey Arrington’s Daily Caller op-ed where he lays out the problem with beltway budget gimmicks and the steps needed to bring real budget process reform.

dailycaller.com/2024/04/08/rep…

The Senate Budget Cmte shld focus on FISCAL POLICY & drafting a SOUND BUDGET This Congress Budget Dems hv held 15 hrgs on climate We haven’t written a budget As Ranking Member I'm leading othr Republicans 2 push back on Dems' irresponsible agenda Lets stop posturing+get 2 work

With the US running excessive deficits of 5.6% of GDP this year, as debt projections are on track to exceed historic highs, Congress should fully offset new spending to avoid contributing to America's deteriorating fiscal health. You can read more here: debtdispatch.substack.com/p/the-high-cos…

Cut the Small Business Administration. Given the SBA’s questionable track record, transferring entrepreneurial development programs to the states and the private sector would generate federal cost savings.

Slowing the growth in federal spending must be coupled with pro‐​growth policies to secure America’s fiscal future and economic prosperity. Romina Boccia explains… buff.ly/3IJdXhL #CatoEcon

The Threat of Fiscal Dominance: Will the US Resort to Money-Printing to Finance the Rising Debt Challenge?, by Romina Boccia open.substack.com/pub/debtdispat…

This Financial Times chart from OECD ➡️ Better Policies for Better Lives data shows the US saves more for retirement than most developed countries.

But it actually goes even further than that. @aeiecon /1

If the cost of health insurance wasn't normally paid out of sight by employers, it's hard to think it wouldn't be *more* of a political issue:
kff.org/report-section…

'Energy Tax Subsidies Could Top $1.8 Trillion' 👀cato.org/blog/energy-su… via Cato Institute Adam Michel