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    Health Spending Down—Because People Are Avoiding Care

    The Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) recently published its annual estimate of U.S. health spending in the journal Health Affairs. The report shows that growth in health spending remained slow in 2010. Medical expenditures grew at an annual rate of 3.9 percent, … More

    A Not-So-Happy New Year for the Entrepreneur in 2011

    Last week, The Heritage Foundation co-hosted the launch of the 2012 Global Entrepreneurship and Development Index (GEDI), a new tool giving insight into the effect that various drivers of entrepreneurship have on economic development in countries around the world. Two crucial findings from the 2012 GEDI emerged at the conference: … More

    VIDEO: The Reality of America's National Debt

    America’s total debt now tops $15.2 trillion—the size of the entire economy. While this is a real concern, the greater problem is the growth of spending and debt in the future. Spending on entitlements is the real driver of future debt. In this clip from the documentary film “I Want … More

    Chart of the Week: Medicare Spending Is the Largest Driver of Future Deficits

    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 … More

    Chart of the Week: Where Does the Federal Government Get Its Revenue?

    President Obama and Republicans in Congress continue to wage war over an extension of the payroll tax cut. But missing from the debate is any discussion of comprehensive tax reform that would eliminate payroll taxes altogether. Social Security and Medicare payroll taxes are the second-largest source of federal revenue, surpassed … More

    Chart of the Week: Cutting All Defense Spending Would Not Solve Debt Crisis

    House Armed Services Chairman Buck McKeon (R-CA) is a man on a mission. He’s making the rounds on Capitol Hill to convince his colleagues, particularly those on the 12-member Joint Select Committee on Deficit Reduction, that they should avoid cutting defense spending. McKeon has a point — and it’s one … More

    Rep. Paul Ryan (R-WI) Outlines a New Paradigm for Health Care Reform

    Yesterday, Representative Paul Ryan (R–WI) shared his outlook for repealing and replacing Obamacare. Ryan pointed out that rising health care costs not only make insurance unaffordable for many Americans; they are also a main driver of growing federal deficits. As medical inflation pushes the cost of insurance and medical goods … More

    Could America Prevent the Next Attack If Defense Is Cut - Again?

    “The Department of Defense is not what’s causing the debt and the deficit. It’s the entitlement programs,” says former Defense Secretary Donald Rumsfeld in an interview with Human Events. Rumsfeld goes on to say that if the U.S. makes the mistake of cutting defense, the country will be facing another … More

    Chart of the Week: How Social Security Is Contributing to the Spending Crisis

    Last week’s presidential debate at the Reagan Library elevated Social Security as a national issue that could reshape the 2012 campaign. Candidates spent the week trading blows about the role of the 76-year-old social insurance program. Leaving aside the political rhetoric, one thing is certain: Social Security needs to be … More

    Presidential Race Puts Social Security Reform Back on National Agenda

    Social Security took center stage at last night’s Republican presidential debate, emerging as a key issue among candidates at the Ronald Reagan Presidential Library in California. Not since President Bush’s ill-fated attempt to reform the social insurance program in 2005 have Republicans talked this much about Social Security. Of course, … More