Kudos to the Milwaukee Journal Sentinel. Last month the paper asked each member of Wisconsin’s congressional delegation to explain how he or she would solve the long-term Social Security and Medicare funding shortfall. Their responses claimed two and a half pages of editorial space in the July 13 issue. It’s …
Yesterday the White House updated its budget estimates by releasing the annual “Midsession Review.” Media reports have focused on the projected budget deficits of $389 billion this year and $482 billion in 2009. As always, larger truths have been left out: Reports calling next year’s projected budget deficit of $482 …
Earlier this month, Anheuser-Busch was bought by the Belgian brewer InBev for $50.3 billion. As symbolic as the purchase was for American beer drinkers, the deal will have an even bigger impact on Belgium’s economy. A gross domestic product (GDP) of $378.9 billion makes Belgium the 28th-largest economy in the world. Now …
With an estimated 12 million to 15 million illegal immigrants in the United States, Immigration and Customs Enforcement (ICE) certainly has a lot on its plate. However, many are now criticizing ICE for its lack of action not against illegal immigrants, but American citizens. In raids since October 2007, ICE …
Former Supreme Court associate justice Sandra Day O’Connor and former Ambassador James R. Jones kick off this week’s Youth Entitlement Summit in today’s Washington Post: Idealistic young voters have turned out in record numbers this year — and not a moment too soon. How our next president represents the interests …
Here’s a preview of what’s happening this week in Washington. [youtube]http://www.youtube.com/watch?v=Y6YshohNEUM[/youtube] May was a successful month in Iraq, yet progress with the war supplemental has been slowed by the left. House leaders want to tie war funding to domestic spending, including unemployment insurance and pet pork projects. Time is running …
There is no threat to our nation’s fiscal health greater than the coming deficits from unrestrained growth in Social Security, Medicare, and Medicaid. Already Social Security and Medicare consume 7.5% of our GDP. Unless changes are made that figure will jump to 13% by 2030. Bravely stepping in to offer …
At the request of the Ranking Member of the House Budget Committee Rep. Paul Ryan (R-WI), the Congressional Budget Office (CBO) released a letter (pdf) today detailing the grave fiscal situation our country will be in should Congress fail to reform Social Security, Medicare, and Medicaid now. Already Social Security …
