Walking on a Fragile Fiscal Cliff

This week on Facing the Future Dr. Kent Smetters, faculty director of the Penn Wharton Budget Model, describes various reform options from differing political perspectives that can maintain trust fund solvency, improve the budget outlook and grow the economy.

This week on Facing the Future, Dr. Phillip Joyce of the University of Maryland School of Public Policy describes the substantive, procedural and Constitutional fiscal challenges that Congress has repeatedly kicked down the road.

This week on Facing the Future, former CBO director Douglas Holtz-Eakin, President of the American Action Forum, explains why problems in France's bond market carry a warning for the U.S. He also argues that the Federal Reserve should keep raising interest rates to fight inflation.

This week on Facing the Future, Ben Ritz of the Progressive Policy Institute explains why the rising national debt has become a big cost-of-living problem.

This week on Facing the Future, we discuss two very different visions of how to keep Social Security solvent over the long-term without a bailout from the U.S. Treasury. Wendell Primus of the Brookings Institution and Romina Boccia of the Cato Institute debate the options.

This week on Facing the Future, we hear from a prominent group of former elected officials and economists who describe what a debt-induced fiscal crisis would look like in the United States, what could trigger such an event and how to avoid one.

This week on Facing the Future, we discussed President Trump's promise of $5,000 checks, tariff income, war spending and the economy with Jim Capretta, senior fellow at the American Enterprise Institute.

This week on Facing the Future, Heather Long, chief economist at Navy Federal Credit Union, explains why the cost of borrowing is going up and the implications of higher interest rates for families, businesses and the federal budget. She also discusses inflation, tariffs and Social Security reform.

This week on Facing the Future, former CBO director Doug Elmendorf discusses the $40 trillion debt and why it matters now, not just in the future. He also gives his assessment of what artificial intelligence could mean for the economy and the federal budget.

The week on Facing the Future, former Public Trustee of Social Security Dr. Charles Blahous describes why the program is in need of reform as it approaches trust fund insolvency in 2032. He also looks at the generational impact of various reform options.