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  • Entitlements, Taxes & Spending

    Morning Bell: The Recession Did Not Create Our Entitlement Crisis

    Reuters reports: Recession Hurts Medicare and Social Security. The New York Times blares: Recession Drains Social Security and Medicare. And CNN follows suit: Recession Hits Social Security Hard. This spin all comes out of the Social Security and Medicare Boards of Trustees annual report which is signed by Obama Treasury … 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

    Morning Bell: Preventing Generational Theft

    In the past 12 months the Bush Administration, the Obama Administration, and the Democrat controlled Congress have laid out $1.2 trillion in the name of stimulus, $700 billion for the Troubled Assets Relief Program, and over $400 billion for the Omnibus spending bill in debt on future generations of America. … More

    Quick Observations on President Obama’s Budget

    Budget Trickery The President also employs budget trickery on spending. He first assumes that Iraq spending will continue indefinitely at 2008 levels (which was never going to happen, according to the military’s own Joint Campaign Plan), and then calculates $1.5 trillion in savings against that baseline. If you eliminate that … More

    Real Conversation or Photo-Op?

    Heritage Foundation vice president for domestic and economic policy studies Stuart Butler attended President Barack Obama’s “Fiscal Responsibility” Summit today. He reports: The President said he wanted the sessions to be the first step in a national conversation about how to deal with the long-term fiscal problem. If he truly … 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

    When a 'Tax Cut' Isn't a Tax Cut

    “So my whole goal over the next four years,” President Barack Obama said Monday night at the end of his first prime-time White House news conference, “is to make sure that whatever arguments are persuasive and backed up by evidence and facts and proof, that they can work, that we … 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

    Entitlement Reform? A 'Must Do' for Obama

    After making news earlier this week for promising to make Social Security and Medicare reform a “central part” of his plan to curtail federal spending, President-elect Obama has pledged to hold a “fiscal responsibility” summit focusing on entitlement reform. Although the devil is in the details, facing up to the … More