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    Morning Bell: The Specter of Taxmageddon Rises

    On this Halloween, a truly frightening specter is looming. No amount of garlic, crosses, or exorcists can help us—only Congress and the President can chase this ghoul away. It’s Taxmageddon. A horrifying combination of expiring pro-growth tax policies from 2001 and 2003, the end of the once-temporary payroll tax cut, … More

    First Presidential Debate 2012: Top 10 True/False Quiz

    During last night’s presidential debate, claims were flying fast and furious. Some of these claims were true, others false. Here are the top 10—see which ones you can guess as either true or false. 1.      Governor Mitt Romney’s tax plan would burden the middle class. President Obama: “[I]ndependent studies looking … More

    Social Security: Runs Permanent Deficits, Benefit Cuts Loom

    Social Security paid out more to retirees and other beneficiaries than it collected in tax revenue in 2011. This is the second straight year the program is running deficits, as highlighted in a recent Congressional Budget Office (CBO) report. Social Security’s finances will only get worse without reform, as the … More

    Morning Bell: 10 Questions for the First Presidential Debate

    Tonight’s debate between President Barack Obama and former Governor Mitt Romney is supposed to focus on domestic policy, with a major concentration on the economy. Health care, the role of government, and philosophy of governing are also on the agenda. The Heritage Foundation’s policy experts have submitted 10 questions they … More

    Morning Bell: Government Dependency Rises As Number of Taxpayers Declines

    The leak of a video featuring former Governor Mitt Romney (R-MA) has sparked debate about government dependency and the number of people in the United States who do not pay federal income tax. In the video, Romney refers to “47 percent” of Americans and says that they are “dependent upon … More

    Chart of the Week: Medicare Spending Is Main Cause of Runaway Deficits

    Medicare is getting quite a bit of attention lately. And rightly so. Out-of-control entitlement spending contributes directly to long-term federal deficits, which will accelerate over the course of the next few decades, according to Heritage’s Federal Budget in Pictures and figures provided by the Congressional Budget Office. By 2030, Medicare … More

    Boomers Age of Appetites Leaves Americans with Tough Policy and Personal Choices

    “The Greatest Generation … stormed beaches in places like Normandy and Okinawa,” says today’s lead editorial in USA Today. “Their children, by contrast, stormed places like Woodstock. For the Baby Boomers — people born from 1946 to 1964 — the prosperity their parents built was never good enough. In later … More

    Social Security Surplus Withers, But That's No Surprise

    Hundreds of thousands of recession-induced retirements are proving to be terrible news for the Social Security Administration, leading to the total decimation of its annual surplus for the first time in 25 years, according to USA Today. But this morning’s headline really doesn’t qualify as “news,” per se, given that … More

    Retiring Boomers: Where the Bucks Are

    Maintaining and modernizing our armed forces doesn’t just protect America, it fulfills the Constitution’s mandate to “provide for the common defense.” Yet the defense budget appears to be one place where President Barack Obama and Congress are looking to offset massive new spending elsewhere – “stimulating” or otherwise. “The Pentagon … More

    A Funny Bit of Entitlements Nonsense from the U.S. Navy

    Russell Beland is a Deputy Assistant Secretary of the Navy. His piece in the Washington Post over the weekend, “5 Myths About the Bust That Will Follow the Boom”, suggests the civilian leadership of the Navy may have too much time on its hands. In brief, Beland’s thesis is that … More