Automatic IRA Builds Retirement Security
President Obama's FY 2011 budget contains at least one common-sense idea that could help to increase Americans' retirement security: the Automatic IRA.
Obama's Earmark Reform Promises Can Help Restore Federal Budget Discipline
A useful supplement to President Obama's freeze proposal would be to reform the process of providing earmarks to influential businesses.
Hiring Tax Credit Will Not Create Long-Term Jobs
President Obama's proposed tax credit for new hires will likely create no jobs on net.
Obama's 2011 Budget Tax Hikes Contradict Focus on Job Creation
President Obama has said his number one goal in 2010 is to create jobs, but the tax increases in his 2011 budget contradict this objective.
Obama's Budget Seeks $2 Trillion More in Spending and Deficits Than Last Year
President Obama's budget would spend an additional $1.7 trillion and run up an additional $2 trillion in budget deficits.
Value-Added Tax: No Easy Fix for the Deficit
A value-added tax would not reduce the budget deficit but actually increase it.
The Real Budgetary Impact of the House and Senate Health Bills
A closer look at the health care bills indicates that both spending and the federal debt will go up much more than advertised by the bills' supporters.
Deficit Reminds Us All: No Such Thing as a Free Lunch
When I was first elected to Congress in 1992, I ran on a platform of support for the Balanced Budget Amendment to the Constitution. I was concerned that absent Constitutional restraint, the Congress would spend the country into bankruptcy.
A Hand Up, Not a Hand Out
For many of us, the holiday season means gathering with friends and family and celebrating with food and drink. Too much food, in many cases.
Congressional Spenders Ignore Deepening Government Waste
To get a handle on how out of control federal spending has become, consider this: It surged to $30,000 per household in 2009. That's up from $21,000 (adjusted for inflation) in the 1980s and '90s. Yet rather than cut back, Congress plans to spend even more.
New Priorities Require New Budget Process
As federal spending soars past $30,000 per household, America finds itself at a fork in the road. Realistic budget estimates show unsustainable trillion-dollar budget deficits as far as the eye can see.
A Tale of Two $250s
This fall, as American families anticipate the holiday season and an uncertain economy in 2010, they're likely to decide to cut back. Maybe they'll stay home for Thanksgiving instead of flying to Grandma's house. They'll put fewer gifts under the Christmas tree.
Turning Social Security into Welfare
Seems simple: Social Security recipients will get no cost-of-living adjustment (COLA) next year, so President Obama wants to give each of them $250. The Republican House and Senate leadership support the move in principle.
Tax the Wealthy Even More? That's Rich
Your parents probably told you that you can't get something for nothing. But your government is sending a very different message. For now, at least. The non-partisan Tax Policy Center recently released a report finding that almost half (47 percent) of American households will pay no income taxes this year.
Obama Would Create $13 Trillion Deficit
President Obama's budget office recently caused a stir when it projected that his tax-and-spend agenda would leave more than $9 trillion in new budget deficits over the next decade - doubling the national debt. Now, it appears even that figure was too low.
Social Security Surplus Withers, But That’s No Surprise
Hundreds of thousands of recession-induced retirements are proving to be terrible news for the Social Security Administration, leading to the total decimation of its annual surplus for the first time in 25 years, according to USA Today. But this morning’s headline really doesn’t qualify as “news,” per se, given that Social Security has been headed Read More...
Obama Pushes U.S. Credit Rating Below France
On Tuesday, February 2, President Obama released his budget forecasting a deficit for 2010 of $1.6 trillion for the year and $9.1 trillion from 2010 through 2020. The next day the Moody’s credit rating agency announced Obama’s budget policies were so profligate and irresponsible as to risk the credit rating of the federal government. The Read More...
Social Security Bailouts Begin in 2010
Fiscal reform has become a hot topic in Washington as spending hits all-time highs and Congress and the President continue to push several new high-ticket items closer to law. Lawmakers and concerned citizens alike are shifting focus to the looming fiscal crisis that will be caused by from entitlement spending on the Medicare, Medicaid, and Read More...
Budget 2011: Video: What Does The Federal Budget Freeze Look Like?
From the creator of Obama Budget Cuts Visualization and The National Debt Road Trip, now comes, What Does The Federal Budget Freeze Look Like?For common sense conservative solutions to our nation’s budget deficits, see: Realistic Budget Baseline Shows $13 Trillion in Debt over the Next Decade Taking Back our Fiscal Future A Guide to Fixing Social Security, Medicare, Read More...
A True Roadmap to Fiscal Sustainability: The Numbers Don’t Lie
During his State of the Union Address, Obama said that if “anyone from either party has a better approach that will bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors, and stop insurance company abuses, let me know.” Earlier that day, Representative Paul Ryan (R-WI) introduced his Roadmap for America’s Read More...
- How America took the road to dependency
- Huge bailouts a drop in bucket next to unpaid bill for retirees
- A Nation of Entitlements
- Economic Reality Imperils the American Dream
- Entitlements Alone Will Eclipse Historical Tax Levels by 2052
- Entitlement Reforms are Needed to Control Spending
- Federal Budget Deficit Will Reach Levels Never Seen Before in U.S.
amednews: Medicare pay overhaul heats up as health reform moves to back burner :: Feb. 1, 2010 ... American Medical News
Gibbons backs off idea of dropping Medicaid | NevadaAppeal.com
'Stimulus' package unravels welfare reform (OneNewsNow.com)
Conservatives, libertarians lambast health plan during panel - Nashville Business Journal:
Larry Elder : Obama: The Era of Big Government is... Eternal - Townhall.com
Rector on welfare disincentives to marriage in NewsMax.com
Heritage on health entitlement expansion in Washington Times column
Heritage on Medicare's unfunded liabilities in IBD editorial
Heritage calls for entitlement reform commission in The Economist
Rector on welfare migration to NYC in NY Post
This short, educational DVD explains the entitlement problem and steps that can be taken to solve it. You will also receive a kit of materials you can use to screen this film for friends and civic organizations to start a conversation about reform in your community.
Visit www.ALegacyOfDebt.com to learn more.
The 2009 Federal Revenue and Spending Book of Charts is an online collection of charts on important budget issues with the current data on federal spending, taxes, debt and deficits, and entitlements. This Heritage Web site is a valuable resource for journalists, professors, members of Congress, and concerned citizens interested in how the government collects and spends taxpayer dollars. Click here to view, download, e-mail or share any of the 38 charts and graphs addressing key budget issues.
Congress is about to raise the debt limit, but what does that really mean? Watch our latest video which makes understanding the debt limit vote simple and shows why it's crucial to start reining in spending.



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