This week on Off the Charts, we discussed the deficit, state-level public services, and how Social Security helps alleviate poverty.
On the deficit, Jim Horney explained how the Congressional Budget Office’s update of the federal budget shows no significant change in the budget outlook and deficit projections. Paul Van de Water examined Rep. Paul Ryan’s budget plan, finding it would shift massive resources from the broad majority of Americans to the very wealthy, while leaving the budget on an unsustainable course for decades. Van de Water also debunked recent claims about Medicare’s financing and the deficit.
On the state level, Jon Shure highlighted a recent vote in Michigan to increase funding for local services by raising taxes. Shure also commented on a recently retracted statement by Mississippi Governor Haley Barbour about the new federal assistance for states.
On Social Security, we sat down with Paul Van de Water to discuss Social Security’s effect on poverty.