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    Social Security: Declining Fertility Rate Threatens Finances

    The Centers for Disease Control (CDC) recently released its 2012 data on births, indicating detrimental trends that could cast yet another blow to the already daunting fiscal future of Social Security. The year 2012 marked the fifth straight year of declining fertility rates in the United States. From 2007 to … More

    Morning Bell: 6 Reasons Why the National Debt Keeps Rising

    Out-of-control spending by Congress and the Obama Administration has once again maxed out the latest debt limit—a nearly $17 trillion burden that harms job growth, gives special interests a pass, and lowers American families’ personal income. Inspired by Dave Ramsey’s recent post “6 Reasons People Stay in Debt,” we compiled … More

    A Constructive First Step to Reform Social Security

    Dave Camp (R–MI), chairman of the House Ways and Means Committee, has announced a series of hearings on bipartisan entitlement reform proposals, the first of which is using the chained Consumer Price Index (CPI) for Social Security. In advance of these hearings, Camp has issued a request for public input. … More

    Hurrah Too Soon: White House Budget Revision Shows $759 Billion Deficit in 2013

    The President’s Midsession Review, released this week, projects the 2013 deficit to be lower by $214 billion compared with the earlier Obama budget estimate released in April. But any hurrah would be misplaced. Most of the short-term improvement comes because revenue from the tax increases passed in December 2012 is … More

    'Tis the Season: Sequester Furloughs Start

    Yesterday marked the beginning of sequestration’s furlough period. Most of the Department of Defense’s roughly 800,000 civilian workers will go without pay for about one day a week every week until September 30. These furloughs do not address the Pentagon’s long-term fiscal challenge. The furloughs are a result of the … More

    Medicare Trustees Report Gives Seniors, Taxpayers a Bleak Future

    The 2013 Medicare trustees report reconfirms a basic fact: Seniors and taxpayers face a bleak future. The trustees project that Medicare’s share of the economy will almost triple over the next 75 years, forcing higher taxes to pay for an ever growing program. The recent slowdown in health care spending … More

    Morning Bell: Time to Shrink the Monster

    Does the debt ceiling affect YOU? It does—in many ways. A new video by Bankrupting America uses humor to call attention to an issue that is anything but funny, and why it matters for every American household. Recent Heritage research reveals how the rising national debt hurts American families, including: … More

    Social Security Benefits and Cost of Living: Protecting Against Inflation

    Adopting the chained CPI (Consumer Price Index) in Social Security to more accurately account for changes in the cost of living is a small first step toward fixing a broken program that is currently accelerating its own demise by paying excess benefits. Fifty-seven million Americans receive Social Security benefits, and … More

    Military: Furloughs Won’t Solve Long-Term Concerns

    Secretary of Defense Chuck Hagel has announced that the 800,000 civilian Department of Defense (DOD) employees scheduled for furloughs will take only 11 days without pay. This amounts to half the originally planned furlough of 22 days for civilians in the DOD. While this reduction may keep the DOD operating … More

    Defense Budget Cuts Troubling in a Dangerous World

    Cuts in President Obama’s fiscal year 2014 defense budget submission are troubling, according to Mike Rogers (R–AL), Chairman of the Strategic Forces Subcommittee, House Armed Services Committee. While the President proposes to reduce the defense budget by about $120 billion in the next 10 years, the world is not getting … More