In a recent article in the New England Journal of Medicine, Henry J. Aaron, senior fellow in economic studies at the Brookings Institution, writes that rolling back and defunding Obamacare would create “zombie legislation … [i.e.,] a program that lives on but works badly.” If Aaron is looking for a B horror movie reference to describe the state of American health care under Obamacare, “Frankenstein” would be a much more appropriate choice. Obamacare is a slipshod, pieced-together monster made of bad policy and covered in bolts and scars from the …
Sometime next month the Senate will be forced to raise the federal debt limit beyond a record $12.1 trillion. While the current recession has exacerbated the problem, our rising national deficits are actually a structural problem a long time in the making. In the coming decades, the cost of Social Security, Medicare, and Medicaid benefits will leap from 8.4% of gross domestic product (GDP) to 18.6% of GDP—an increase of 10.2% of GDP. To educate Americans about our nation’s large and growing fiscal imbalance The Heritage Foundation has, since 2005, …
