Barry Poulson and John Merrifield

Gloomy forecasts are becoming ubiquitous, lending credence to the view that economics is the dismal science.

In 2018, all federal appropriation bills (with bipartisan support) have passed out of their respective committees.

How debt is shaping up to be our undoing.

In Homer’s Odyssey, sailors are lured to the rocky shores of an island by an irresistible siren song. To prevent his ship from succumbing to the song, Odysseus orders his sailors to fill their ears with wax and tie him to the ship’s mast.

Since 2005, the Congressional Budget Office has published an annual report on the long-term sustainability of U.S. fiscal policies.

Republicans in Congress appear to be at an impasse in their efforts to reform health care programs.

In the coming weeks, Congress will again debate increasing the debt limit. 

The Great Recession and slower economic growth in recent years have been accompanied by a discontinuous increase in debt-to-GDP ratios in most countries in the Organisation for Economic Co-operation and Development (OECD), most notably the United States.