will manually insertUS fiscal policy has long been unsustainable, driven largely by automatically growing entitlement spending and insufficient revenues. Often overlooked is the extent to which this preordained fiscal policy limits policymakers discretion to act on new priorities each year,...

Soaring health costs are squeezing government and household budgets. Rising public costs are also likely to boost future tax burdens. This study considers how rising tax burdens and out-of-pocket health care costs will affect the timing of retirement. Conceptually, the impact of taxes depends on...

Numerous commissions, individual researchers, and the Trustees of the Social Security system agree that the current Social Security system is not sustainable. The 2003 Trustees' report forecasts that the program's two trust funds (Old Age and Survivors Insurance and Disability Insurance) will be...