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A First Big Step Toward Medicare Sustainability

Medicare is a vital program for seniors, but is fundamentally unaffordable as it is currently structured because it faces an unfunded obligation of $85.6 trillion. Phasing out the subsidy forupper-income seniors is an obvious first step toward Medicaresustainability. Such a policy would reduce Medicare's long-runexcess costs by over $41 trillion.
United States Georgew Bush Current Population Ranking Member Of The House Budget Committee Census Bureau Heritage Foundation

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Restoring Price Stability In An Uncertain Economic Environment, Federal Reserve Vice Chair Lael Brainard, At "Shocks And Aftershocks: Finding Balance In An Unstable World" 64th National Association For Business Economics Annual Meeting, Chicago, Illinois

<p><span>It is a pleasure to join this discussion today.</span><a title="footnote 1" href="https://www.federalreserve.gov/newsevents/speech/brainard20221010a.htm#fn1"><span>1</span></a><a name="f1"></a><span> Inflation is high in the United States and around the world reflecting the lingering imbalance between robust demand and constrained supply caused by the pandemic and Russias war against Ukrai...
New York United States New Zealand United Kingdom Kurt Lewis Alana Semuels

Not Looking for Work: Why Labor Force Participation Has Fallen During the Recession

The American economy is experiencing the slowest recovery in 70 years. In addition to persistently high unemployment, labor force participation has fallen sharply since the recession began in December 2007. Today, 5.7 million fewer Americans are working or looking for work. This drop accounts for virtually the entire reduction of the unemployment rate since 2009โ€”those not looking for work do not count as unemployed.
United States New York Stephanie Jaczkowski Barack Obama Mike Cirrotti Security Administration

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