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    CBO Report Estimates 2014 Deficit at Half a Trillion Dollars: Why The Real Deficit Number is Actually Higher

    Today the Congressional Budget Office (CBO) released its updated projections for the 2014 federal budget. CBO reports the 2014 deficit at $492 billion, just shy of a half a trillion dollars. However, this estimate should be taken with a heap of salt: It is arguably misleading to the extent that … More

    What No One Wants to Admit About Social Security Taxes

    It’s a bummer when you see how much income tax comes out of your paycheck. But when you see that Social Security line item, do you think, “At least that’s going to pay for my retirement”? It’s not. The tax money you’re paying into Social Security today is going to … More

    Why the Government Shouldn't be an ATM

    Our federal government is very good at moving money from place to place. In fact, some 70 percent of federal government spending consists of simply shipping money from one place to another — after taking a cut off the top. “In effect the government has become primarily a massive money-transfer … More

    Washington Post Op-Ed: You Didn’t Pay For That (And She’s Right)

    Past and current retirees receive much more in benefits from Social Security and Medicare than they paid into the systems. Absent reform, younger generations will get stuck with an unfair burden and less financial security. One of the most common reactions to arguments in favor of entitlement reform is to … More

    End Double-Dipping: An Easy, Bipartisan Step Toward Saving Disability Insurance

    A friend calls you and begs for cash to aid in his job search. A minute later, he calls you again and begs for more cash because he hurt his back and is unable to work. You, of course, realize that your friend is interested only in mooching off your … More

    Social Security Disability Insurance Program Requires Immediate Reform

    The Social Security Disability Insurance (SSDI) trust fund is projected to run dry in just two years. Absent legislation to address the disability program’s impending insolvency, benefits for all disability recipients will be cut by 21 percent beginning in 2016. For short-sighted policymakers, redirecting funds from the Old Age Social … More

    Generation X and Millennials Face Retirement Crisis

    While social commentators bemoan the impending retirement crisis facing baby boomers, younger Americans should really be the ones worrying, argues Heritage’s Romina Boccia on Next Generation TV. >>> Watch the video here. Over the next 20 years, the working age population is supposed to increase by 10 percent, but the … More

    Meet the Man Who Got His Dead Mom's Social Security Benefits for 23 Years

    The 2014 omnibus bill contains an increase in funding for running the Social Security Administration (SSA). Maybe now they can stop paying Social Security benefits to dead people. According to a December Government Accountability Office (GAO) report, SSA systems do not accurately note and confirm the deaths of beneficiaries, resulting … More

    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

    The Top Five Reasons Congress Should Begin Reforming Social Security in 2014

    It has been 30 years since Congress last touched Social Security. Reform is urgently needed to protect the nation’s elderly and disabled from poverty and its younger generations from an increasing and economically harmful tax burden. Here are the top five signs that Congress should begin reforming Social Security in … More