Our nation faces a large — and growing — long-term fiscal imbalance driven by an aging population, which will dramatically increase health care and retirement costs. And while it is just one of many challenges, it is central to a question of whether the nation’s government will adapt new approaches to the management of government itself.
“The government is on an unstable path,” says the recently released Federal Government’s Financial Health. This report, prepared by the U.S. Department of the Treasury and Office of Management and Budget (with the assistance of the Government Accountability Office), puts the challenge in stark terms: Keep reading →
Ten years ago, if you wanted to see a 1950s art house classic, you had to drive to the nearest video store, search the movie stacks, hope they carried the movie, and hope it wasn’t checked out — not a terribly convenient process.
Innovation is an essential ingredient to growing economies and living standards, but not for growing jobs, former Federal Reserve System Chairman Dr. Alan Greenspan said at a conference on innovation and technology in Washington this morning.