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Opinion: On Oct. 3, Happy Deficit Day

Imagine that the federal government received all the revenue it will receive for the year in a lump sum on Jan. 1, and then proceeded to spend that money at a constant rate. If the federal government’s budget were balanced, the money would last until the strok...

California’s Pension Debt Cannot Be Ignored

A decade ago, at Gov. Arnold Schwarzenegger’s request, I supervised a graduate student team that performed a comprehensive analysis of public pensions in California. The goal was to calculate California’s pe...
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Sanders Wants to Wipe Out All Student Loan Debt

WASHINGTON — Days before the first Democratic presidential debates, Sen. Bernie Sanders and House progressives rolled out legislation to cancel all student debt, going farther than a signature proposal by Sen. Elizabeth Warren as the two jockey for support fro...
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Can You Believe It? National Debt Now $22 Trillion.

WASHINGTON — The national debt has passed a milestone, topping $22 trillion for the first time. The Treasury Department's daily statement showed Tuesday that total outstanding public debt stands at $22.01 tr...

America Is a Mess, and Baby Boomers Should Own It

One of the more popular books in America is Bruce Cannon Gibney's "A Generation of Sociopaths: How the Baby Boomers Betrayed America." Certainly, millennials love it.   "The irony is that boomers criticize millennials for being snowflakes...