This morning at The Heritage Foundation, Representative Paul Ryan (R–WI), chairman of the House Budget Committee, sat down with Heritage’s David Addington, Michael Franc, and Stuart Butler to discuss his budget proposal The Path to Prosperity: Restoring America’s Promise and President Obama’s fiscal year (FY) 2013 budget. The importance of …
The defense commitments in Chairman Paul Ryan’s (R–WI) budget proposal, “The Path to Prosperity: Restoring America’s Promise,” are a step in the right direction. The budget makes a down payment on the defense the United States needs, moving toward rebuilding a defense posture that has been strained by 10 years …
There are six key elements to a successful federal government budget, including the plan released today by House Budget Committee chairman Paul Ryan (R—WI): Does it cut spending sharply and quickly? Does it begin decisive entitlement reform? Does it avoid any tax hikes? Does it ensure a strong national defense? …
The Congressional Budget Office (CBO) estimate of the President’s budget reveals a reckless fiscal plan that shirks the spending cuts in the Budget Control Act and increases spending by more than $1 trillion over the next 10 years. It confirms that Obama is the first President to preside over four …
America’s fiscal condition is dauntingly dismal. The national debt is well on its way to $17 trillion, 13 million Americans are out of work, and the country is stuck in the slowest recovery in the post-war era. Despite Washington bleeding taxpayers dry with reckless overspending, the U.S. Senate has not …
According to the nonpartisan Congressional Budget Office (CBO), measurements of the budget impact of federal credit do not adequately address the risks involved, and may, in some cases, dramatically understate the costs of those programs. Under the current system, federal accounting practices do not “fully incorporate the cost of market …
Earlier this week in New Hampshire, Republican presidential candidates touted the benefits of a Medicare premium support system — the approach to entitlement reform embraced by House Budget Chairman Paul Ryan (R-WI) and The Heritage Foundation. Ryan’s recent partnership with Sen. Ron Wyden (D-OR) helped thrust the idea of premium …
Medicare is in dire need of reform. This week’s chart illustrates why the entitlement program is the largest driver of long-term runaway deficits. With the country’s population aging and increasingly dependent on health care, Medicare’s cost to taxpayers is projected to rise from $522.8 billion in 2010 to $932 billion …
Politics is home to some pretty exaggerated accusations, and this year was no exception, particularly in the area of health care. Case in point: Democrats’ claim that “Republicans voted to end Medicare.” In fact, the assertion was so off the wall that PolitiFact.com named it “Lie of the Year 2011.” …
