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    Hopefully Not A Road Less Traveled

    There is no threat to our nation’s fiscal health greater than the coming deficits from unrestrained growth in Social Security, Medicare, and Medicaid. Already Social Security and Medicare consume 7.5% of our GDP. Unless changes are made that figure will jump to 13% by 2030. Bravely stepping in to offer … More

    CBO to Congress: Reform Entitlements Now or the Economy Dies!

    At the request of the Ranking Member of the House Budget Committee Rep. Paul Ryan (R-WI), the Congressional Budget Office (CBO) released a letter (pdf) today detailing the grave fiscal situation our country will be in should Congress fail to reform Social Security, Medicare, and Medicaid now. Already Social Security … More

    Morning Bell: Getting States Off the Dole

    What do the Bridge to Nowhere, the highway bill, the “subsidies for millionaires” farm bill and our crippling entitlement crisis have in common? They are all examples of the corrupt governance that is guaranteed to happen when the federal government takes over responsibilities best left to the states. In each … More

    Morning Bell: Honesty Only Solution to Deficits

    Yesterday in Oakland, Calif., in celebration of May Day, public school children were taught that the war in Iraq was to blame for proposed education funding cuts. Never mind that not a single dime of California’s $20 billion budget deficit went to defense spending; teachers’ unions weren’t concerned with the … More

    Morning Bell: Fighting for Medicaid's Future

    Established in 1965, Medicaid is a joint federal-state program created to provide health care to low-income individuals. Each state administers its own Medicaid program (e.g. California has “Medi-Cal”) while the federal Centers for Medicare and Medicaid Services monitors its efforts. The programs are funded by both states and a federal … More

    The Evasions Must End

    Today, an authoritative and diverse group of scholars warned the American people: “If present trends continue, the nation’s deficit will reach unmanageable proportions, other vital public needs will be further squeezed, and/or taxes will have to rise continuously to levels that could restrict economic growth.” No, these scholars were not … More

    Government Discretionary Spending to End by 2052

    Following up on yesterday’s post on the Social Security and Medicare Boards of Trustees report, The Heritage Foundation released a chart today looking at how projected spending on entitlement programs is scheduled to crowd out all other spending by 2052 unless taxes as a percentage of GDP are raised significantly:

    House Budget Puts Huge Burden on America's Children

    As the House prepares to vote on the Democrat budget resolution, let’s take another look at what the plan would mean for hard-working Americans: It raises taxes by $1.265 trillion over five years and $3.911 trillion over 10 years, or more than $3,135per household annually; It includes 17 reserve funds … More

    A Health Care Crisis and an Entitlement Crisis

    USA Today’s Dennis Cauchon wrote an insightful front-page story today showing that the cost of government benefits for seniors reached $27,289 per senior in 2007. Social Security, Medicare and Medicaid benefits continue to grow much faster than inflation, and as 77 million baby boomers reach retirement in the coming decades, … More

    President Takes One Step Forward, Two Steps Back On Medicaid

    There is good and bad in President Bush’s fiscal 2009 budget when it comes to Medicaid. First the good: The President’s budget proposal takes modest but meaningful steps to rein in spending on Medicaid. The President’s budget slows the annual rate of growth in Medicaid’s budget from 7.4 percent to … More