Facing the Future

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.

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 University.

This week on Facing the Future, Mark Zandi, Chief Economist at Moody's Analytics, examines the state of the economy, the effect of artificial intelligence and what a debt-induced crisis might look like.

This week on Facing the Future, we get a status check on the federal deficit and debt from Gordon Gray, Vice President of Budget Analysis at the Peter G Peterson Foundation. Spoiler alert: The debt may hit $40 trillion sooner than anticipated.

This week on Facing the Future we considered how both political parties have deserted the working class, the young and the American Dream. That's the conclusion of our guest Eugene Steuerle in his book Abandoned. Steuerle is an Institute Fellow at the Urban Institute and one of Washington’s most respected experts on the federal budget, tax policy and Social Security.

This week on Facing the Future, Veronique de Rugy and Jason Fichtner explain why Social Security reform is not only a retirement policy imperative but also a fiscal and market-stability imperative. They are the co-authors of a George Mason University Mercatus Center paper titled, "Social Security's Fiscal Gap and the Risk of Bond Market Strain."

This week on Facing the Future, Joshua Gordon, a Vice President of Health Care at Arnold Ventures, explains why growing health care costs are a challenge for family, business and government budgets. He also suggests some bipartisan cost control ideas.

This week on Facing the Future, Bobby Kogan of the Center for American Progress explains why the national debt matters more than it used to and why artificial intelligence is not likely to fix the problem.

This week on Facing the Future, we hear why the nonpartisan Government Accountability Office (GAO) is warning the President and Congress that urgent and sustained action is needed to improve the nation's fiscal outlook. Jeff Arkin, Director of Strategic Issues at GAO, is our guest.

This week on Facing the Future, Mark Warshawsky of the American Enterprise Institute explains why the projected finances of both Social Security and Medicare were substantially worse in the 2026 trustees report than they were last year and why early action is the best way to prevent sudden cuts.

This week on Facing the Future, G. William Hoagland, Senior Vice President of the Bipartisan Policy Center, lays out the case for public engagement on major budget decisions, gives an update on the federal budget and reacts to the new Social Security and Medicare Trustees Reports.

This week on Facing the Future, host Bob Bixby joins Maya MacGuineas of the Committee for a Responsible Federal Budget, Jonathan Silver of Affinity Solutions and Andrew Lewis of the University of Cincinnati's Portman Center in a panel discussion on strategies for getting the public to put deficit reduction on the political agenda.

This week on Facing the Future, Todd Harrison of the American Enterprise Institute lays out the pros and cons of the president's request for a 50 percent increase in the defense budget.

This week on Facing the Future, former U.S. Senator Kent Conrad (D-ND) explains why he supports a new fiscal commission as a way of finding solutions to the nation's growing debt and how reinstating the "Conrad rule" in the Senate would help.

This week on Facing the Future, Molly Reynolds of the Brookings Institution explains why the budget resolution recently passed by Congress is highly unusual and a year behind schedule.

This week on Facing the Future, students from the University of Iowa and their faculty adviser Dr. Alexandra Nica, describe how they reduced the debt-to-GDP ratio over the next 30 years and what they learned in winning this year's nationwide Fiscal Challenge competition.