An article on the Automatic IRA in the July 13 edition of the Capitol Hill newspaper The Hill (“Democrats and AARP want to make IRA enrollment automatic”) left out several crucial parts of the story. First and foremost, the Automatic IRA has enjoyed wide bipartisan and cross-ideological support since it …
Serious doubts surround President Obama’s National Commission on Fiscal Responsibility and Reform, which has been tasked to make recommendations to Congress to reduce the federal deficit. Many fear that the commission will recommend the creation of a value-added tax (VAT) or similar tax increases to pay for Washington’s reckless spending. …
Today, the Congressional Budget Office (CBO) released its Social Security Policy Options report, which highlights some of the proposals made by policymakers and legislators to restore the Social Security program to long-term sustainability. Social Security, which provides living assistance to retired workers and those with disabilities, is in need of …
In February, we reported that in 2010, Social Security would start running deficits in 2010. Well, Social Security deficits have officially arrived, as analyst Michael Barone lays out in the Washington Examiner: Social Security tax receipts for the first half of 2010: $346.9 billion; Social Security benefits payments for the …
Testifying before the House Budget Committee today, Federal Reserve Chairman Ben Bernanke noted: Even after economic and financial conditions have returned to normal, however, in the absence of further policy actions, the federal budget appears to be on an unsustainable path. A variety of projections that extrapolate current policies and …
A recent poll by Rasmussen shows that 58 percent of Americans lack confidence that they will receive their promised Social Security benefits in their entirety. The poll showed just 13 percent feel very confident they will receive their benefits. As usual, the sense of the American people is spot-on. As …
While President Obama and congressional liberals have yet to come down from the high of passing their historically horrible health care legislation, conservatives are still hard at work promoting health care reform. This is because with its numerous new taxes, mandates, penalties, regulations, and new role for government, Obamacare can …
