Should Taxes Be Designated for Specific Purposes?

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.

This week on Facing the Future, we discuss why Congress never does a budget and why that matters for the Constitutional process, the growth of the debt and the fate of younger generations. Our guest is Thomas Kahn, Director of the Center for Congressional and Presidential Studies at American Univer…