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    Is Common Sense Coming To The New York Times?

    Last week the New York Times finally reported the fact that Europe’s carbon capping scheme is a complete disaster causing higher energy prices, weakening industries, and forcing jobs overseas … jobs … all while failing to reduce carbon emissions. Today the New York Times continues their streak of decent economic … More

    Morning Bell: Two Steps Back

    The fight to rein in exploding Medicare spending through exposure to market forces took two giant steps back this week. First, the House voted early this week to set aside regulations that would have allowed the Department of Health and Human Services (HHS) to buy medical equipment through competitive bidding. … More

    Morning Bell: Encouraging Fraud and Waste Is No Way to Stop Rising Health Care Costs

    Rep. Pete Stark (D-Calif.) writes in The Nation, “As healthcare costs rise at double-digit rates, fewer and fewer manufacturers and small businesses can offer comprehensive coverage to their employees.” This is undoubtedly true. Stark’s solution? Medicare for All: “With Medicare as a model, we can fill the growing gaps in … More

    Morning Bell: The Silence Is Deafening

    The year 2008 is not just an election year. It is also the year that marks the beginning of a demographic transformation that threatens the fiscal stability of this country. Already, Social Security, Medicare and Medicaid eat up 42% of the federal budget. But this year, the first of the … More

    Yes We Must

    Former Supreme Court associate justice Sandra Day O’Connor and former Ambassador James R. Jones kick off this week’s Youth Entitlement Summit in today’s Washington Post: Idealistic young voters have turned out in record numbers this year — and not a moment too soon. How our next president represents the interests … More

    Morning Bell: Why Government Can Never Lower Health Care Costs

    If current trends continue, Social Security and Medicare spending will jump from 7.5% of GDP today to 13% by 2030. Entitlement spending at those levels will cripple the U.S. economy. The liberal/progressive answer to this problem is to push for government-run health care that will control the meteoric rise in … More

    Tax And Spend Is Here Again

    Heritage senior policy analyst Brian Riedl has taken a close look at the budget passed by Congress this week and notes that it: Assumes tax increases topping $3 trillion over the next decade, or $3,135 per household annually Includes 64 reserve funds that could be used to raise taxes by … More

    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: 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