During last week’s vote-a-rama in the Senate, Senator Bernie Sanders (I–VT) intended to put Senators from both parties on the record for opposing the adoption of a more accurate and less inflationary measure of calculating cost of living adjustments (COLA) in Social Security: the chained Consumer Price Index (CPI). Chained …
This week, the budget committees of both chambers of Congress released their budgets ahead of President Obama’s budget—marking the first time in 92 years that Congress kicked off the budget process instead of the President. The House budget, under the helm of Chairman Paul Ryan (R–WI), delivers a balanced budget …
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, …
Sen. Kay Bailey Hutchison (R-TX), in an exclusive interview with Heritage, criticized her liberal colleagues for opposing Social Security reform, warning that they would rather increase taxes on businesses. Hutchison singled out Senate Majority Leader Harry Reid (D-NV) for his repeated assertions that Social Security is not in trouble. …
