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    Senate Majority Leader: “We’re Through” Making Defense a Priority

    Senator Harry Reid (D–NV) made it quite clear that he no longer views defense as a priority: “We are not going to be gamed by having the military programs funded at a much higher level than Head Start program, or the National Institute of Health. We’re not going to do … More

    A Constructive First Step to Reform Social Security

    Dave Camp (R–MI), chairman of the House Ways and Means Committee, has announced a series of hearings on bipartisan entitlement reform proposals, the first of which is using the chained Consumer Price Index (CPI) for Social Security. In advance of these hearings, Camp has issued a request for public input. … More

    Medicare Trustees Report Gives Seniors, Taxpayers a Bleak Future

    The 2013 Medicare trustees report reconfirms a basic fact: Seniors and taxpayers face a bleak future. The trustees project that Medicare’s share of the economy will almost triple over the next 75 years, forcing higher taxes to pay for an ever growing program. The recent slowdown in health care spending … More

    Amnesty Would Worsen the Entitlement Burden

    A new study published in Health Affairs looks at the impact of immigrants’ payments into the Medicare trust fund and concludes that immigrants pay more into the fund than they draw out. Reading just the headline of a recent media report, “Study: Immigrants put billions more into Medicare than they … More

    Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt

    On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But the cash won’t run dry until at least Labor Day, according to Treasury Secretary Jack Lew, whose department can employ a variety of cash management … More

    Temporary Debt Paydown Just a Drop in the Bucket

    Reports that the federal government will put a little bit of money toward the massive federal debt for the first time in six years make for an interesting tidbit, but Washington’s spending and debt problem is only getting bigger. The Wall Street Journal reports, “The Treasury Department said that it … More

    Budgets in Comparison: Will President Obama’s Budget Save the American Dream?

    When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly passed a budget according to law. Never mind that the President’s budget is supposed to lead Washington budget discussions, rather than follow. The key question … More

    Obamacare at Three Years: Increasing Cost Estimates

    Today marks three years since Obamacare was signed into law, and taxpayers probably aren’t celebrating. Over the last three years, the Congressional Budget Office (CBO) has revised its cost estimates for Obamacare’s new entitlements—the Medicaid expansion and exchange subsidies—many times, and they have more than doubled since 2010. The first … More

    Obamacare at Three Years: One Entitlement Repealed, Two to Go

    When the same Congressmen who voted for Obamacare vote to repeal a provision of it, it’s obvious that provision must be totally unworkable on every level. And that’s what happened to the Community Living Assistance Services and Support (CLASS) Act. Formally repealed in January’s fiscal cliff deal, CLASS was Obamacare’s … More

    Obama Budget to Be Submitted Even Later

    The Obama Administration is on track to beat former President Bill Clinton for second-longest delay in submitting a presidential budget on time. First place for the latest budget in history? That also goes to President Obama. In 2009, he did not submit a budget until 98 days after the statutory deadline. … More