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    Social Security's COLA Needs to Be More Accurate

    Any budget agreement should include an improvement of the accuracy of Social Security’s annual cost-of-living allowance (COLA) payments. Press reports say this is now on the table. COLAs are designed to protect retirees against inflation eroding the value of their benefits, but the index used to calculate those payments is … More

    Washington in a Flash: Debt Talks

    Yesterday’s debt-limit talks were “very constructive,” according to President Obama. But with party leaders still far apart on a number of issues, Obama will reconvene the group Sunday in hopes of reaching a deal before the administration’s Aug. 2 deadline. Rank-and-file lawmakers are growing impatient with the pace of progress. … More

    Senator Predicts Court Challenge If Obama Uses 14th Amendment for Debt

    Sen. Ron Johnson (R-WI) today predicted lawmakers would take President Obama to court if he deemed the debt ceiling is unconstitutional under the 14th Amendment. Liberals have floated the desperate and devious ploy in recent days to avoid spending cuts demanded by conservatives. “If the president decides to do that … More

    Chart of the Week: National Debt Set to Skyrocket

    The Senate canceled next week’s recess to address the country’s debt crisis. It’s an issue in the headlines every day as lawmakers and the White House debate a debt-reduction plan. Why does it matter? The national debt is set to explode in the coming decades as spending on entitlement programs … More

    VIDEO: Hutchison Hammers Liberals for Opposing Social Security Reform

      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. … More

    From Sen. Hutchinson, Another Chance to Save Social Security

    While the national debt continues its climb above $14.3 trillion, the day is fast approaching when Congress will, once again, vote to increase the debt limit. This brings new urgency to the need to rein in Washington’s out-of-control spending binge. Since entitlement programs (Medicare, Medicaid, and Social Security) are the … More

    Daily Notes

    Sen. Kay Bailey Hutchison (R-TX), left, visits Heritage today at 10 a.m. to talk about her plan to save Social Security, which faces $6.5 trillion in unfunded obligations over the next 75 years. She’ll sit down afterward with me to talk about why Social Security reform should be part of … More

    Saving the Future for a Longer Life

    In the past 30 years, U.S. life expectancy has increased by an average of five years. Since 1935, when Social Security was first enacted, it has increased by almost 18 years. It’s no wonder that Americans are working more years as they enjoy longer, healthier lives thanks to improved healthcare … More

    Federal Government's Debt, Unfunded Obligations Grew Rapidly Last Year

    According to a new analysis from USA Today, American households are now on the hook for $534,000 to pay for the county’s debt and the unfunded obligations, or excess costs, for programs like Social Security and Medicare. USA Today reveals the eye-popping numbers for the federal government’s mounting fiscal problems. … More

    VIDEO: Debt Ceiling Part 2 – Coming to a Theater Near You

    As Speaker John Boehner (R-OH) pushes the debt ceiling debate back another month, Americans remain skeptical about how such legislation can really help solve the current financial crisis. And while much ado has been made regarding the vote, it is really beside the main point of our economic distress. When … More