• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • trillion dollar deficits

    "Fix The Docs" Without Driving Up The Deficit

    Congress and the Administration are breaking records. They just piled up a deficit of over $1.4 trillion in 2009 alone. Needless to say moderates and fiscal conservatives in both political parties have cause for very bad night’s sleep. The Doc Mess. The latest chapter in this crazy drama is to … More

    Why Believe New Promise When Congress Breaks Old Promise?

    Congress wants America to believe its new promises to control spending even as it reneges on its old promises and spends more than ever. The “new” promise within health care reform bills is to reduce Medicare spending by hundreds of billions of dollars. Yet simultaneously, Congress is reversing 1997 legislation … More

    The Logic of Obamacare

    The Washington Post’s Ezra Klein asks: “One of my frustrations with the cost-control discussion is that people set this up like a choice between this bill and a bill with more cost control. In reality, it seems more like a choice between this bill and nothing. And this bill does … More

    Promised Health Care Savings: Don't Bet On Medicare Cuts

    Forget the President’s rhetoric about bending the health care cost curve. The House of Representatives will soon vote on legislation (H.R. 3961) that effectively repeals the cost control mechanism included in the Medicare physician payment update formula back in 1997. Passage of H.R. 3961 would add another $210 billion to … More

    Video: The Real Fiscal Cost of Government Run Health Care

    The Cato Institute’s Dan Mitchell and the Center for Freedom and Prosperity Foundation, have produced videos explaining why Keynesian economics is wrong, presenting the evidence that big government hurts economic growth, explaining how big government hurts economic growth, and making the case against the Value Added Tax. Now Mitchell is … More

    Next Week's House Health Care Shell Game

    Next week, the House of Representatives is scheduled to take up a bill (H.R. 3961) which would enact a permanent “fix” to the unquestionably flawed Medicare physician payment update formula. The Congress created a formula for physician Medicare payment that would automatically cut doctor payments, but has routinely acted to … More

    In Their Own Words: Obamacare Is Massive New Entitlement That Worsens Our Fiscal Crisis

    The Wall Street Journal draws our attention to a burst of honesty from The New Yorker‘s John Cassidy: The future cost savings that the Administration and its congressional allies are promising to deliver are based on wishful thinking and sleight of hand. Over time, the reform, as proposed, would almost … More

    Rising Debt, Sinking Security

    It turns out that neither nuclear weapons nor terrorism may be the greatest threat to American prosperity and security. Instead, it may be something we hear very little about in the mainstream media: our burgeoning national debt. Runaway spending on entitlements, bailouts, and stimulus bills are driving the budget deficit … More

    The Spending and Tax Increases of the House Health Bill in Pictures

    The key to this chart is the second graph showing the spending “cuts” in the H.R. 3962. Nobody in world believes those cuts will happen. Which is why the true cost of the House health Bill is $1.5 trillion.

    Baucus Bill Does Not Bend the Cost Curve

    A Lewin Group study commissioned by the Peter G. Peterson Foundation, finds that although the Baucus health care bill (the legislation that recently passed the Senate Finance Committee) is often touted as the most fiscally responsible of all of Congress’s reform plans, it “relies on certain cost containment approaches that … More