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  • Entitlements, Taxes & Spending

    Presidential Race Puts Social Security Reform Back on National Agenda

    Social Security took center stage at last night’s Republican presidential debate, emerging as a key issue among candidates at the Ronald Reagan Presidential Library in California. Not since President Bush’s ill-fated attempt to reform the social insurance program in 2005 have Republicans talked this much about Social Security. Of course, … More

    Welfare Reform Turns 15

    Fifteen years ago today, after lengthy battles between a Republican-led Congress and a Democratic White House, President Bill Clinton signed into law the 1996 Personal Responsibility and Work Opportunity Reconciliation Act, otherwise known as welfare reform. Among other changes, the act inserted work requirements and time limits into the nation’s … More

    Morning Bell: The Spending Threat to Our National Defense

    Consider it a warning from the highest levels of the U.S. government. Yesterday, Secretary of State Hillary Clinton and Secretary of Defense Leon Panetta held a joint press event in Washington in which they cautioned that U.S. debt is jeopardizing America’s ability to ensure national security and preserve its interests abroad. Under the Budget … More

    Morning Bell: Struggle to Solve Debt Limit Crisis Goes On

    Last night, the House of Representatives was set to vote on House Speaker John Boehner’s (R–OH) plan to raise the debt ceiling, as the projected August 2 deadline looms. Failing to round up enough votes to secure the bill’s passage, House Republicans closed up shop for the night and are … More

    The Truth about Obama's Budget Deficits, in Pictures

    Through the fog of the debt limit negotiations, President Obama has attempted to shift the blame for America’s deficit crisis to politicians at large, claiming that “neither party is blameless for the decisions that led to this problem.” Though the culture of overspending is endemic in Washington, don’t let the … More

    Welfare Spending Under the Boehner Plan

    Bob Greenstein of the Center on Budget and Policy Priorities claims that the Boehner budget is a form of “class warfare.” He says that “if enacted, it would produce the greatest increase in poverty and hardship produced by any law in modern U.S. history.” What Greenstein disingenuously fails to acknowledge … More

    Chart of the Week: How to End Deficits Without Raising Taxes

    President Obama and congressional leaders can’t seem to agree on any plan to avert a debt crisis. As the White House’s Aug. 2 deadline approaches, the House has adopted the Cut, Cap and Balance Act, while the Senate has floated a number of bad ideas. Earlier this year, The Heritage Foundation formulated … More

    AARP: How High Do You Want Your Grandkids' Taxes to Go?

    AARP’s latest video opposing spending reductions in Social Security or Medicare once again pushes the flawed argument that cutting federal budget waste and loopholes would effectively address America’s unsustainable fiscal problems. A senior featured in the video asks, “With billions in waste and loopholes, how could they look at us?” Yes, … More

    On Social Security, Tax Hikes Are Not the Answer

    Social Security is currently unsustainable. It began running deficits in 2010 and its trust fund will be exhausted by 2036, which is when seniors will see about a 25 percent cut in benefits. This is the scenario we face if Congress and the President fail to enact meaningful entitlement reform … More

    America Treading Down Road to Serfdom with Big Spending

    “The late great Austrian economist F.A. Hayek would have seen the Arab Spring for the economic revolt it was right from the start,” writes Hoover Institution scholar Fouad Ajami in The Wall Street Journal. In his iconic Road to Serfdom, Hayek laid out the stepping stones that lead societies to … More