Facing the Future

This week on Facing the Future we’ll examine developments on the national security front with Michael O’Hanlon of the Brookings Institution. Topics include the ongoing conflicts in Ukraine and Gaza as well as competition with China.

This week on Facing the Future Bob was joined by George Mason University Professor Sita Slavov to discuss her recent essay Making Tough Fiscal Choices to Protect Future Generations and the relevance of long term sustainability to younger generations. Slavov has previously worked with the White House Council of Economic Advisors and was a member of the 2019 Social Security Technical Panel on Assumptions and Methods. Concord Coalition National Field Director Phil Smith joined the conversation.

This week on Facing the Future we'll talk with Jason Furman, a former top economic advisor to Presidents Clinton and Obama. He now teaches economics at Harvard University. We discussed the prospects of a "soft landing" for the economy and the crucial role of interest rates in projecting future debt.

This week on Facing the Future, we'll hear first from two UNH professors, Dr Carolyn Arcand and NH State Senator Dan Innis, about the relevance of fiscal policy to their students' future.

Then we'll take another look at GAO's new estimate of government-wide fraud with Rebecca Shea, co-author of the report.

This week on Facing the Future we took a close look at Social Security and Medicare, the two largest programs in the federal budget. Between them they cost nearly $2.2 trillion dollars in 2023, roughly 36 percent of total federal spending. They also affect the retirement income and healthcare of millions of Americans. 

On Monday, May 6, the Social Security and Medicare trustees issued their 2024 report, which again indicated that both programs have serious challenges ahead, and those challenges are not too far off.

This week on Facing the Future we’ll look at the future of Social Security with former U.S. Representative Reid Ribble (R-WI), who served in Congress from 2011-2017.

In 2016, Ribble released the Save Our Social Security Act (S.O.S.) with a bipartisan group of co-sponsors. We discussed that plan with him and why he thinks Social Security reform is essential.

This week on Facing the Future, we'll discuss a new report on fraud by the Government Accountability Office, along with a review of the foreign aid spending bill and the latest news on the economy.

This week on Facing the Future, we'll get some policy ideas from three college students who recently took part in an annual Fiscal Challenge competition where teams from around the country devise and defend their own plans for putting the federal budget on a sustainable path. Dr. Mike Aguilar, founder and president of the Fiscal Challenge also joined the discussion.

This week on Facing the Future, we'll look at what happens at the end of 2025 when many of the tax cuts enacted in 2017 are scheduled to expire. What should Congress be doing to prepare for this fiscal cliff? How much would it cost to extend the tax cuts? Are there viable options to offset the revenue loss? We’ll get some perspectives on all these questions from Marc Goldwein of the Committee for a Responsible Federal Budget.

This week on Facing the Future, Concord Coalition Chief Economist Steve Robinson discusses his new issue brief, "The Rhetoric and Reality of Taxing the Rich." Then we'll talk with Eugene Steuerle of the Urban Institute about his new column explaining that "Major Budget Reform Must Accommodate Legislators' Need to Give Money Away."