Facing the Future

This Week on Facing the Future, we check in with Bill Hoagland, Senior Vice President of the Washington DC based Bipartisan Policy Center for a situational awareness update on the growing national debt. It just passed the $31 Trillion mark and with interest rates going up to combat inflation, that debt has become much more expensive to carry. Plus, we'll look at a complicated Social Security Proposal that's somewhat popular but a bad idea.

This week on Facing the Future, we hear from Gordon Gray, Director of Fiscal Policy at the American Action Forum. He has written a new paper with a proposal that could add another 900,000 new Americans to the labor force of this country and reduce the major backlog of legal immigration by making a modest investment in the federal agency charged with processing skilled work visa applications. Gray estimates it could add more than $100 billion in economic output every year.

This Week on Facing the Future, we ask the Concord Coalition's chief economist Steve Robinson whether President Biden's executive action forgiving up to $20,000 in college loan debt for some students exceeds Presidential authority. The Constitution gives Congress sole authority to appropriate federal funds. Some estimate the student debt forgiveness will cost taxpayers at least $500 billion, which would be the largest federal expenditure without Congressional approval in American history. Plus we get updates on Congressional budget action and how the economy is reacting to the Fed's efforts to fight inflation.

This week on Facing the Future, we celebrate the 30th anniversary of The Concord Coalition by hearing from both national co-chairs of the organization, Democrat and former Nebraska Senator and Governor Bob Kerrey and Republican former Missouri Senator Jack Danforth, about current and future fiscal challenges facing the United States. We are also joined by Rich Ashooh, the coalition's very first New Hampshire state director, who later served as Assistant US Secretary of Commerce.

This week on Facing the Future, we talk to University of New Hampshire demographer Ken Johnson about the historically low growth in US population, thanks to a 14-year trend of declining fertility rates. It has major implications for future economic growth and the federal budget. Plus, we'll look at the latest inflation numbers, which went slightly higher in August after a decline the previous month. 

This week on Facing the Future, we closely examine the health care provisions contained in the recently passed "Inflation Reduction Act" with Josh Gordon, Director of Health Policy for the Committee for a Responsible Federal Budget. Gordon walks us through the provisions meant to cut prescription drug prices for Medicare recipients and evaluates if these measures and others will reduce overall federal spending on health care. Plus, he has a few reform ideas of his own.

This week on Facing the Future, we will look at the fiscal and policy impact of President Biden's controversial decision to forgive up to $20,000 in debt for many Americans who owe money on loans to pay for college. It could cost taxpayers another half a trillion dollars. And we'll also take a look at what might be holding Congress up as they face a deadline of exactly one month to pass a stop-gap budget measure to keep the government funded and avoid another costly federal shutdown.

This week on Facing the Future, we take a deep dive into how state budgets are put together, where they get their revenue, and where the money goes. Turns out, states have some of the same long-term debt problems the federal government does. Then we hear from Concord Coalition Chief Economist Steve Robinson on his new issue brief looking at whether the level of working income Social Security replaces for older Americans needs reform.

This week on Facing the Future, we have an in-house panel discussion with congressional and economic experts from the Concord Coalition including policy director Tori Gorman and chief economist Steve Robinson to discuss the Senate passage of the budget reconciliation bill including many of President Biden's domestic agenda priorities on health care and measures to address climate change, plus take a look at fresh new economic data that shows inflation may be starting to ebb while the job market remains strong.

This week on Facing the Future, we have the privilege of hearing from Dr. Phillip Swagel, Director of the nonpartisan Congressional Budget Office. The CBO just released its annual long-term budget outlook which shows that after a brief couple of years of shrinking budget deficits, over the long-term the national debt will almost double, leading to restrained economic growth. Concord's chief economist Steve Robinson and policy director Tori Gorman also join the conversation.