Epstein Secrets

mptions going forward federal revenue by 2030 won't be able to cover much more than spending on interest and the big entitlement programs (Medicare, Medicaid, Social Security and health insurance subsidies). By 2040, it won't even adequately cover those. Barring serious reforms, the numbers would worsen

d ran an eye-popping shortfall that topped io% of the size of the economy. This year the deficit is expected to be half that -- around 5.3% of GDP, the Congressional Budget Office estimates. And by 2015, its projected to drop to 2.4%. What's more, the national debt that has accumulated from annual deficits is also projected t

ers such as Florida Gov. Rick Scott who last week broke with party orthodoxy -- joining six other Republican governors — and agreeing to accept the Medicaid expansion funded by Obamacare. Recently a number of prominent conservatives with national profiles (Louisiana's Bobby Jindal, South Carolina's Nikki

be damaging to the economy, costing in the neighborhood of a million jobs (based on a nonpartisan estimate) and threatening our economic recovery (the Congressional Budget Office estimates growth to be reduced by 0.6 percent). While the Republicans in Congress are nevertheless willing to take the pocketbooks of the American p

ic corporation, USA Inc.’s financials are discouraging. True, USA Inc. has many fundamental strengths. On an operating basis (excluding Medicare and Medicaid spending and one-time charges), the federal government’s profit & loss statement is solid, with a 4% median net margin over the last 15 years. But ca

blicly available information, and we use the tools of basic financial analysis to interpret it. Forecasts generally come from 3rd-party agencies like the Congressional Budget Office (CBO), the nonpartisan federal agency charged with reviewing the financial impact of legislation. Second, the ‘devil is in the details.’ For US polic