Logo

American Security Council Foundation

Back to main site

Alan W. Dowd is a Senior Fellow with the American Security Council Foundation, where he writes on the full range of topics relating to national defense, foreign policy and international security. Dowd’s commentaries and essays have appeared in Policy Review, Parameters, Military Officer, The American Legion Magazine, The Journal of Diplomacy and International Relations, The Claremont Review of Books, World Politics Review, The Wall Street Journal Europe, The Jerusalem Post, The Financial Times Deutschland, The Washington Times, The Baltimore Sun, The Washington Examiner, The Detroit News, The Sacramento Bee, The Vancouver Sun, The National Post, The Landing Zone, Current, The World & I, The American Enterprise, Fraser Forum, American Outlook, The American and the online editions of Weekly Standard, National Review and American Interest. Beyond his work in opinion journalism, Dowd has served as an adjunct professor and university lecturer; congressional aide; and administrator, researcher and writer at leading think tanks, including the Hudson Institute, Sagamore Institute and Fraser Institute. An award-winning writer, Dowd has been interviewed by Fox News Channel, Cox News Service, The Washington Times, The National Post, the Australian Broadcasting Corporation and numerous radio programs across North America. In addition, his work has been quoted by and/or reprinted in The Guardian, CBS News, BBC News and the Council on Foreign Relations. Dowd holds degrees from Butler University and Indiana University. Follow him at twitter.com/alanwdowd.

ASCF News

Scott Tilley is a Senior Fellow at the American Security Council Foundation, where he writes the “Technical Power” column, focusing on the societal and national security implications of advanced technology in cybersecurity, space, and foreign relations.

He is an emeritus professor at the Florida Institute of Technology. Previously, he was with the University of California, Riverside, Carnegie Mellon University’s Software Engineering Institute, and IBM. His research and teaching were in the areas of computer science, software & systems engineering, educational technology, the design of communication, and business information systems.

He is president and founder of the Center for Technology & Society, president and co-founder of Big Data Florida, past president of INCOSE Space Coast, and a Space Coast Writers’ Guild Fellow.

He has authored over 150 academic papers and has published 28 books (technical and non-technical), most recently Systems Analysis & Design (Cengage, 2020), SPACE (Anthology Alliance, 2019), and Technical Justice (CTS Press, 2019). He wrote the “Technology Today” column for FLORIDA TODAY from 2010 to 2018.

He is a popular public speaker, having delivered numerous keynote presentations and “Tech Talks” for a general audience. Recent examples include the role of big data in the space program, a four-part series on machine learning, and a four-part series on fake news.

He holds a Ph.D. in computer science from the University of Victoria (1995).

Contact him at stilley@cts.today.

Congressional Budget Office Predicts High Inflation Through 2023

Thursday, May 26, 2022

Categories: ASCF News Economic Security

Comments: 0

Source: https://www.breitbart.com/economy/2022/05/26/congressional-budget-office-predicts-high-inflation-through-2023/

Robyn Beck/AFP/Getty Images

Inflation will continue to hurt American workers into 2023, the Congressional Budget Office (CBO) reported Wednesday.

Months after the White House claimed inflation would be transitory, 40-year high inflation rocked the United States. Now the CBO is projecting that inflation will continue into 2023.

The Associated Press reported:

The nonpartisan agency expects the consumer price index to rise 6.1% this year and 3.1% in 2023. This forecast suggests that inflation will slow from current annual levels of 8.3%, yet it would still be dramatically above a long-term baseline of 2.3%.

The 10-year estimates do contain positive news as this year’s annual budget deficit will be $118 billion lower than forecast last year. That’s a byproduct of the end of pandemic-related spending and the solid job growth it helped to spur. As a share of the total economy, publicly held debt will drop through 2023. Still, the accumulated federal debt will likely continue to grow over the next decade to be equal to roughly 110% of U.S. gross domestic product.

The Federal Reserve has been trying to reduce inflation by raising its benchmark interest rates, causing the interest charged on 10-year U.S. Treasury notes to increase substantially in recent months. One consequence is that the government will be spending more money this year to service its debt. By 2032, the yearly interest payments will nearly be $1.2 trillion, or more than what the federal government spends on defense.

In December, President Joe Biden and Democrats admitted inflation was no longer transitory, but it took until the middle of February to pivot in the direction of vocally issuing concerns about rising costs.

“There is real inflation, and if you’re in a working-class family, it hurts. That’s why my Build Back Better plan — what’s it all about,” Biden said. “Look, families are getting clobbered by the cost of everyday things.”

Biden’s February prospective was a change from last year when former White House press secretary Jen Psaki conveyed inflation would only be temporary and transitory.

“Obviously, our analysis is going to be done by our economic experts. They continue to convey that they believe the impact will be temporary, transitory,” Psaki said.

Biden’s 40-year high inflation is costing American households on average an extra $5,200 in 2022, or $433 per month, according to Bloomberg News.

A CBS poll on Sunday revealed that 69 percent of Americans say the state of Biden’s economy is “bad,” which is up six points from April and twenty-three points from April 2021.

Comments RSS feed for comments on this page

There are no comments yet. Be the first to add a comment by using the form below.