Government benefits accounted for 16.2 percent of personal income in the first quarter of 2009 according to new figures from the Bureau of Economic Analysis. This is the highest level since the data began being recorded in 1929. According to a recent article in USA Today government spending on benefits …
According to an analysis by USA Today, American taxpayers “are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises.” Federal obligations now stand ata record $546,668 per household, quadruple …
Reuters reports: Recession Hurts Medicare and Social Security. The New York Times blares: Recession Drains Social Security and Medicare. And CNN follows suit: Recession Hits Social Security Hard. This spin all comes out of the Social Security and Medicare Boards of Trustees annual report which is signed by Obama Treasury …
While some politicians in Washington seem to have discovered the issue of “fiscal responsibility” yesterday, Rep. Paul Ryan (R-WI) has a long and courageous track record of tackling the long-term unfunded liabilities of Social Security, Medicare, and Medicaid. That is why Heritage Foundation President Ed Feulner is honored to introduce …
Liberal author Robert Kuttner doesn’t believe in the entitlement crisis. His argument – reflecting conventional far left thinking on the issue – goes something like this: Conservatives exaggerate the entitlement problem by using shady figures. Social Security is just fine, so don’t worry about it. Medicare is a problem, but …
Ahead of President Barack Obama’s “Fiscal Responsibility Summit” being held today, The Heritage Foundation hosted a panel last week titled: “Real Change or Pocket Change? The High Stakes of Entitlement Reform for Young Americans.” After the event, we asked attendees what they had learned: [youtube]http://www.youtube.com/watch?v=rDpq65A15ns&eurl=http://www.insideronline.org/blogarchive.cfm?blogid=9492C5C4-F3E0-C228-A4293F608A9D5281&feature=player_embedded[/youtube]
Maintaining and modernizing our armed forces doesn’t just protect America, it fulfills the Constitution’s mandate to “provide for the common defense.” Yet the defense budget appears to be one place where President Barack Obama and Congress are looking to offset massive new spending elsewhere – “stimulating” or otherwise. “The Pentagon …
