The recent decline in federal deficits should not create a false sense that the national debt is no longer a clear and present threat. While this improvement may be encouraging, it represents only a temporary respite from the government’s growing fiscal imbalances.
Lawmakers will consider different options for Social Security reform in the coming year; do they have all the necessary facts to do this? This Mercatus on Policy highlights the key points they need to know.
Ex-Im Bank provides billions of dollars in financing for foreign firms to purchase American goods, in theory supporting American jobs and promoting economic growth in developing economies. However many of these taxpayer-supported loans simply subsidize large foreign corporations in buying goods from major U.S. firms, instead of serving their intended purpose. Congress must reauthorize Ex-Im by June 2015 or the bank will be shuttered. Veronique de Rugy outlines the problems with Ex-Im in this interview.