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    Morning Bell: Conservatives Must Lead Where Obama Has Failed

    In his Tuesday State of the Union address, President Barack Obama said Americans must “understand [that] if we don’t take meaningful steps to rein in our debt, it could damage our markets, increase the cost of borrowing, and jeopardize our recovery—all of which would have an even worse effect on … More

    A Short History of Social Security Retirement Ages

    This year, Social Security paid out more money than it took in for the first time since 1983. If the economy rebounds, Social Security is expected to be in the black by 2012 and will stay that way until 2015. But starting in 2016 Social Security will be in the … More

    Domenici-Rivlin: Another Vote for Reduced Federal Spending

    The Bipartisan Policy Center’s (BPC) Debt Reduction Task Force – a highly diverse group of private individuals – has laid out a comprehensive approach to closing the deficit and slowing the rise in national debt. They do this through a combination of spending reductions, many though not all of which … More

    Social Security Shortfall Is Real and Best Addressed Now

    Both liberals and conservatives agree that Social Security’s coming fiscal problems need to be addressed soon or they will only grow worse. A recent analysis for the Pew Charitable Trusts by Charles Blahous, one of the two public trustees of the Social Security and Medicare trust funds, and Robert Greenstein, … More

    Fighting Social Security Reform Is the Worst Thing Lawmakers Can Do for Seniors

    When the next Congress arrives in Washington, Members will need to get to work to reduce runaway government spending. One area that has been identified as a good place to start—especially as the National Commission on Fiscal Responsibility and Reform prepares to give its recommendations on deficit reduction next month—is … More

    Americans Prefer Social Security Upper Income Benefit Reductions to Tax Hikes

    The Washington Post’s Ezra Klein has used a new Gallup poll showing that 77% of Americans believe “the cost of the government’s major entitlement programs, including Social Security and Medicare, will create major economic problems for the U.S. in the next 25 years” to produce the following headline: Americans prefer … More

    Taxhiker in Chief Takes On Social Security

    There he goes again. President Obama is proposing yet another huge tax hike. Maybe we should cut to the chase and just ask our Taxhiker in Chief to state his final figure—what he thinks the total level of taxes and the tax distribution should look like. Then we could have … More

    Pelosi Proposes Seniors Subsidy to 'Replace' the 2011 Social Security COLA

    Today’s announcement that Social Security recipients will not receive a cost-of-living adjustment (COLA) again in 2011 brought an immediate reaction from House Speaker Nancy Pelosi (D–CA). She proposed that the lame duck Congress vote on giving seniors another $250 one-time payment supposedly to replace the COLA. This seemingly altruistic gesture … More

    Addressing the Debt Now Means Addressing It on Our Own Terms

    The 2010 fiscal year just ended, but America’s fiscal crisis has just begun. In 2010, the Congressional Budget Office’s (CBO) preliminary estimates show that the federal government spent $3.45 trillion, amassing a deficit of $1.3 trillion. Spending on entitlement programs, which include Medicare, Medicaid, and Social Security, comprised 41 percent … More

    The 2010 Index of Dependence on Government

    The Heritage Foundation’s 2010 Index of Dependence on Government, published today, showcases the disturbing trend of Americans becoming more dependent on their government – via their fellow non-dependent tax paying Americans – than ever before. The surge in the Index of 13.6% over last year takes the Index to an … More