Latest news with #entitlements
Bloomberg
21-05-2025
- Business
- Bloomberg
America's Debt Problem Is Also a Retirement Problem
The wise minds at Moody's Investors Service finally acknowledged last week what the other two main credit rating agencies did years ago: America has a debt problem. Now it's time for America to recognize that solving its debt problem will require addressing another hard truth: Americans have a retirement problem — specifically, they retire too soon. Despite reports that Moody's decision is related to the fiscal impact of the $3.7 trillion tax legislation the House is currently debating, that bill is just the proverbial rearranging of deck chairs on the Titanic. The biggest source of America's long-term debt problem, which is not even included in the 10-year budget projections, is unfunded entitlements, largely Social Security and Medicare.
Wall Street Journal
08-05-2025
- Business
- Wall Street Journal
America Inc.'s Balance Sheet
Even the smallest business understands the importance of the balance sheet: what it owns vs. what it owes. The inspiring news is that Republicans are refocusing the federal government on the black-ink side of its ledger. Credit Interior Secretary Doug Burgum, a businessman himself, who is pitching Washington and voters on a better way to look at the country's financial picture, via 'America's balance sheet.' Federal scribes minutely document everything the country owes—in entitlements, debt payments, employee pensions and tax credits. Everyone knows that the liability side includes $36.5 trillion in national debt.
