Nobel winners Sargent and Sims taught us to set aside our old, nice, simple economic models. We need to heed that lesson today.

Contrary to the popular misconception, the growth rate of national health spending has been dropping for a decade.

Federal employees on average receive greater compensation than these individuals could receive in the private sector.

Without major program changes, CLASS will face a financial crisis that could lead to a financial bailout rivaling anything we have seen to date.

Public pension accounting standards encourage state and local governments to promise too much, fund too little and take too much risk with their investments.

China has grown at a more rapid tempo than any country in history and its demographic outlook has changed dramatically.

What are the major strategic trends in global population?

This edition includes new statistical information on the 1996 elections, the 105th Congress, and the first term of the Clinton administration.