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  • entitlement reform

    CBO: Do Not Delay, Reform Entitlements Now

    Yesterday, the non-partisan Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook and the news is grim. The preface opens, Under current laws and policies, rapidly rising health care costs and an aging population will sharply increase federal spending for Medicare, Medicaid, and Social Security. Unless increases in revenues … More

    Bernanke Calls for Deficit Reduction

    Ben Bernanke made an important point while testifying before the House Budget Committee: lawmakers must reduce the federal deficit and return the nation to fiscal sustainability. The deficit, set to hit $1.8 trillion this year, is not expected to dip under $500 billion per year during the next decade, even … More

    Towering Debt and Deficits Highlight Urgent Need for Entitlement Reform

    Yesterday’s USA Today brought the not so surprising news that federal tax revenue has fallen drastically due to the struggling economy. The 34% decrease represents the largest plunge since the last major recession in 1981. Although revenue is down, the main driver of deficits is spending. Over the long term … More

    Fact Checking Obama

    We highlighted the Associated Press’ FACT CHECK on President Barack Obama’s deficit cutting claims this morning, but that was not the only area where Obama stretched the truth. On jobs: OBAMA: “We began by passing a Recovery Act that has already saved or created over 150,000 jobs.” – from news … More

    Survey Says…Taxes too High, Kill the Death Tax

    The Tax Foundation released its “2009 Survey of U.S. Attitudes on Taxes, Government Spending and Wealth Distribution” yesterday. Some interesting findings include: 56 percent of respondents think taxes are too high; Only 14 percent are willing to pay more than $10,000 a year in total taxes for the government services … More

    The Obama Health Care Budget: A Trillion Dollar Down Payment on What?

    The President’s Budget The Actual Cost: The $634 billion in the President’s budget is only a “down payment” on health care reform. Experts believe that the actual cost of Obama’s health care plan could reach $1.6 trillion over 10 years. This is in addition to the trillions of dollars Obama … More

    Confronting the Entitlement Crisis Deniers

    Liberal author Robert Kuttner doesn’t believe in the entitlement crisis. His argument – reflecting conventional far left thinking on the issue – goes something like this: Conservatives exaggerate the entitlement problem by using shady figures. Social Security is just fine, so don’t worry about it. Medicare is a problem, but … More

    Obama’s “Fiscal Responsibility Summit” Can Help Solve Entitlement Crisis

    President Obama will host a three-hour “Fiscal Responsibility Summit” at the White House Monday to “underscore how big the problems are.” Sixty members of the House and Senate, and representatives from various think-tanks and advocacy organizations from across the political spectrum will attend in an effort to sort out the … 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