Sr. Fellow @FiscalLab535. 25-yr congress staff. Phronesis Insights. Husband. Dad to UVA rocket engineer & UD baseball player. OKC Thunder fan. Hillsdale Alum.
Congress has 2 real shots to sustainably reform Social Security (2027, 2029) before we have a 28% benefit cut or annual half trillion dollar deficit-financed emergency patches with accompanying inflation. Time to act is now. Read about it in my WaEx oped. https://t.co/Qlk0WCNUky
@TPCarney Living rent free in folks’ minds. Taking his piece of NIL where appropriate. Btw. You should check out his awesome family and culture cultivated.
Dr. Patrick Horan and I have a new piece on the current situation in Congress and how @Fiscallab535 is rising to meet the needs of Congress with our analytical support and educational efforts. I invite you to give our substack a read.
https://t.co/3AbE1kcGoD
@johnpelwood I appreciate the effort, though the effort was clearly in excess of the monetary reward. (Of course, that's the game, make the fine sufficiently trivial so it is an annoyance and everyone just pays.)
@freddoso@moneyguyshow That doesn’t mean more government intervention is needed, but are current policies actually contributing to an unfair playing field for younger Americans? And what about the racket that is college education costing a fortune for often worthless degrees?
@freddoso@moneyguyshow Yes, and 40/29 age thing is key though data I’ve seen (maybe just a few years earlier puts the first time homeowner age lower than 29. A libertarian might say we don’t care who owns, but we should care because this affects family formation and future prosperity. …
Amazing story from UVA news on their rocket program, featuring my eldest @AMBranch1 who is president of the Hoos’ Rocket team. Super proud of her!
https://t.co/fGc9lpTck6
@parkersheppard and @BeachWW453 of @Fiscallab535 have a helpful discussion about what a potential 3-percent deficit target means and how it could be helpful in moving us toward a fiscally sustainable path forward for the U.S. government.
In our latest Fiscal Lab Update, Executive Director @BeachWW453 joins Senior Economic Fellow @parkersheppard to examine a central question in U.S. fiscal policy:
Is a 3% deficit-to-GDP target the key to restoring fiscal stability?
Watch the discussion: https://t.co/4AT2s1T6Px
The Social Security clock isn't ticking down to 2032 — it's ticking down to 2027.
@DougBranch explains why Republicans may have just ONE year to direct real reform and what happens if they miss it.
🔗: https://t.co/t5q633rfup
My @Fiscallab535 colleague @parkersheppard does a great job of walking through the economics and math of why and how a 3% deficit target works and provides a fiscal path forward in his note to the Budget Committee. Definitely worth the read.
I explained more about the mechanics of allocating the deficit between interest spending and the primary deficit in a comment to the House Budget Committee. You can read it on the @Fiscallab535 website: https://t.co/xFIM25d7FF
The fiscal outlook was already bleak.
In just weeks, the budget picture has grown significantly worse due to the IEEPA tariffs ruling and the war in Iran.
Dr. Bill Beach and Dr. Patrick Horan explain what these changes mean for the fiscal outlook.
https://t.co/HS8Zl9xhX3
The U.S. just passed $39 Trillion in debt. Even more alarming, gross federal debt is nearing 125% of GDP & publicly held debt is 100% of GDP and worsening w/ mandatory spending + interest payments overwhelming. Look to @Fiscallab535 for more educational material on this crisis.
@TPCarney I remember that one. OU beat KU 3x in Big 12 and conf tournament but lost the game that mattered. Was 50-50 at half. OU lost by 4. King Blaylock and Grant were all super nice and decent dudes, and the others probably were too though never met them.
Credit to this guy for owning it.
Wish we could get videos like this from @USCBO every once in a while owning their projections—maybe it would help to improve their legislative models for the future.
What a HORRIBLE forecast by meteorologists – especially myself.
Not only were we spectacularly wrong – we communicated poorly.
It became apparent last night that some of our initial expectations would prove fallacious.
I'd like to address what went wrong with our forecast:
@WillCainShow@TPCarney He's right: Family/faith come first, but wrong to put down all clubs over his bad org/coach. Over 6 yrs in travel, we've never missed Sunday church. Kids wear proper uniform to church (jacket/tie) & field (jersey). Tourneys can be great bonding for some families.
New population estimates released by Census in January show a total increase in US population since 2020 of 10,268,744. Of that 81%, of 8,328,837 was from international migration, mostly from non-US born migrants. No wonder the labor force grew so rapidly during that period. https://t.co/dK6mx2o8zz
@TPCarney@sahilkapur Why would a mainstream reporter so blatantly present such a selective view of a bill? Surely he is a decently smart guy, who checks his work or double checks Democrat talking points for spin, right? Or is this intentional deception? Or is there a more charitable explanation?
Negative jobs numbers from #BLSdata for February raises the question, is the economy just flat or heading into something more serious. Here's my report on today's #JobsReport numbers.
https://t.co/73c5hj6InW