As Detroit Goes, So Goes the Nation
Detroit is the poster child for economic decline. The city’s policies and politics over the past half-century should serve as a “do not” guide for… Read More
VIDEO: Three Reasons to Reform Social Security Now
In a recent video by ReasonTV, Nick Gillespie describes Social Security as a “fiscal and demographic disaster.” Heritage research provides further support that the program… Read More
Social Security’s Unfunded Obligation Rises by $1 Trillion
Contrary to claims by cheerful news sources, Social Security’s deficit outlook is not “unchanged” or “no worse.” Social Security’s unfunded obligation rose by $1 trillion… Read More
Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013
At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO… Read More
Morning Bell: 10 Facts on the Fiscal Cliff, Debt, and Spending
Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just… Read More
Morning Bell: 3 Simple Solutions for Fixing Social Security
Later today the Republican-led House of Representatives will vote on “Plan B,” the latest unsatisfactory proposal put forward by Speaker John Boehner (R-OH) to avoid… Read More
Medicare Cuts vs. Medicare Reform
As the discussions over the fiscal cliff continue, the debate over entitlement reform is getting confused. The issue is not only how much savings constitutes… Read More
How Much Do We Owe? That’s the $62 Trillion Question
Earlier this month USA Today splashed a headline on its front page that declared: “U.S. owes $62 trillion.” I wrote a couple blog posts about… Read More
Federal Government’s Debt, Unfunded Obligations Grew Rapidly Last Year
According to a new analysis from USA Today, American households are now on the hook for $534,000 to pay for the county’s debt and the… Read More
House Health Care Bill Yields $9.2 Trillion in Deficits
Members of Congress have been working frantically to bring the cost of the health care bill below $1 trillion, make it “deficit-neutral,” per the President’s instructions, and meet… Read More
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