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  • Saving the American Dream

    Morning Bell: How to Balance the Budget in 10 Years

    Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate would put together a budget for the first time in three years—and the details of that budget are crucial. To prevent the federal debt from … More

    Don’t Gut Our Military: $150 Billion in Commonsense Proposals to Prevent Sequestration

    Unless Congress acts, March 1 will trigger a $55 billion-per-year ($43 billion in 2013, as the fiscal cliff deal delayed the cuts for two months) cut in national defense, known as sequestration, which will weaken the United States’s ability to defend itself. But this does not have to happen; Congress … More

    Morning Bell: It's Time to Balance the Budget

    Today, the House will vote on a proposal that would suspend the debt ceiling until May 19, buying a bit more time for the overarching budget debate. This puts off the difficult decisions that are needed to get the country’s fiscal situation in order. Heritage’s vice president for domestic and … More

    Will Debt Ceiling Baby Step Lead Toward a Balanced Budget?

    The debt ceiling is bearing down on Washington. As with most such momentous occasions, plenty of partisan potshots have been exchanged, like this whopper from the White House: that House Republicans who are demanding spending reductions in exchange for increasing the debt limit would compromise the full faith and credit … More

    The Washington Post Agrees: It’s Time to Make a Down Payment on Medicare Reform

    The editorial board of The Washington Post, no organ of conservative opinion, is absolutely right: “Medicare as we know it is not sustainable,” and the “ultimate solution” is structural reform. Bingo. The right structural reform is to expand Medicare’s defined-contribution financing (routinely called “premium support”) as it broadly exists today … More

    Chart of the Week: U.S. Federal Debt and the Fiscal Cliff

    In just a little over a decade, the U.S. federal debtwill exceed 100 percent of gross domestic product (GDP), an “economically damaging” level, according to analysis from The Heritage Foundation based on numbers provided by the U.S. Office of Management and Budget and the Congressional Budget Office. To the numbers: … More

    Saving Medicare: New Legislation from Retiring Congressman Herger

    Retiring House Ways and Mean Health Care Subcommittee chairman Wally Herger (R–CA) has introduced the most complete and detailed major Medicare reform proposal in a decade. Herger leaves a rich legacy with the Save and Strengthen Medicare Act (H.R. 6645). The bill moves Medicare to a defined-contribution model with competition … More

    Fiscal Cliff Threatens America's Economic Freedom

    The clock is ticking. Massive tax hikes are threatening to push America’s already declining economic freedom over the “fiscal cliff,” a politician-made economic catastrophe. President Obama’s proposal to avert the fiscal cliff is a $1.6 trillion tax hike plus new stimulus spending, along with expanded power for himself to raise … More

    Medicaid Is Failing the People It Is Intended to Help

    Heritage’s Kevin Dayaratna finds in a recent survey of academic literature that “Medicaid’s so-called safety net cripples the very people it is designed to help.” The structural flaws in the program produce a cascade of failures, starting with underpaid and overburdened doctors, which produces longer waits for care, in turn … More

    Chart of the Week: Cut Spending to Avoid the Fiscal Cliff

    The Heritage Foundation has updated its Saving the American Dream plan as the nation moves inexorably towards the fiscal cliff set to hit at the beginning of 2013. From Amy Payne’s Morning Bell: To meet this challenge, Heritage Foundation experts updated our Saving the American Dream plan to address the … More