Issue Brief posted April 11, 2013
Medicare Savings: 5 Steps to a Down Payment on Structural Reform
If we solve our healthcare spending (Medicare), practically all of our fiscal problems go away. If we don’t? Then almost anything else we do will not solve our fiscal problems.
- Dr. Victor Fuchs, Emeritus Professor of Economics, Stanford University, March 5, 2012. 
The Medicare savings embodied in President Obama’s Fiscal Year 2014 budget proposal—mostly from…
Issue Brief posted March 19, 2013
Senate Budget Tax Plan: Murray’s Tax Increases Trade Economic Growth for Revenue
Senate Budget Committee chairwoman Patty Murray (D–WA) unveiled the first Senate budget in four years. Murray deserves some credit for actually advancing a budget, but her budget contains steep tax increases that would reduce economic growth by increasing the cost of capital investment.
Murray’s tax plan singles out corporations and individuals that are already faced…
Issue Brief posted January 4, 2013
Heritage Employment Report: In December Out with the Old, In with the Same Thing
The December employment report from the Bureau of Labor Statistics (BLS) shows that 2012 ended with an unemployment rate of 7.8 percent and 155,000 new jobs. The labor market has not had an adequate recovery and has made little progress from 2011 to 2012. Many American workers will experience permanent lower lifetime earnings as a result of the poor economic recovery,…
Issue Brief posted December 7, 2012
Heritage Employment Report: Job Market Struggles in November
The economy created 146,000 jobs in November, and the unemployment rate fell to 7.7 percent from 7.9 percent in October. The numbers in the November report were not substantially affected by Hurricane Sandy, according to the Bureau of Labor Statistics (BLS).
While the headline numbers are positive, there are some major concerns inside the report. For instance, labor…
Issue Brief posted November 2, 2012
Heritage Employment Report: October Report Sees Unemployment Rate Rise
In October, the labor market continued its slow recovery by adding 171,000 jobs, but the unemployment rate climbed to 7.9 percent according to the latest jobs report from the Bureau of Labor Statistics (BLS). Job growth continues to be sluggish, given the length of time out of the recession. At the current rate of job growth, a return to full employment is not expected…
Issue Brief posted November 1, 2012
Obama’s Medicare Plan: Seniors Will Pay More
Today’s seniors are facing higher Medicare costs. Over the next five years, current law, as amended by the Patient Protection and Affordable Care Act (PPACA, also known as “Obamacare”), and President Obama’s budget proposals guarantee higher costs for today’s seniors.
Status Quo Hikes
The 2012 Medicare trustees report says that, over the period 2012 to…
Issue Brief posted September 28, 2012
Why Medicare Premium Support Would Not Cost Future Beneficiaries $6,400 More
Opponents of Medicare premium support routinely charge that it would cost future retirees $6,400 more annually. In fact, this dollar amount is incorrect, and the charge is erroneous. Such false charges are based on an outdated Congressional Budget Office (CBO) model of House Budget Committee chairman Paul Ryan’s (R–WI) 2011 budget proposal.
Ryan’s 2012 proposal,…
Special Report posted September 13, 2012
Defending the Dream: Why Income Inequality Doesn’t Threaten Opportunity
Part I: The Promise of America
Part II: The Misguided Focus on Income Inequality
Part III: The Real Threats to The American Dream
Today, on the Left and on the Right, everyone talks about rebuilding, saving, restoring, defending, or rescuing an American Dream that is slipping,…
Issue Brief posted September 7, 2012
Heritage Employment Report: Dog Days of August Howl in the Labor Market
The Bureau of Labor Statistics reported that the economy created on net 96,000 new jobs in August and that the unemployment rate fell to 8.1 percent. The decline in the unemployment rate was entirely due to a steep decline in the percentage of people in the labor force, which reached a 30-year low.
Forward-looking indicators tell a grim story as the labor market…
Issue Brief posted July 6, 2012
Heritage Employment Report: June Jobs Fizzle
The June employment report released this morning by the Bureau of Labor Statistics (BLS) shows a labor market treading water. Employment and the labor force grew only in line with population growth at 80,000, and unemployment remained at 8.2 percent. In short, another month passed without a significant reduction in the number of unemployed Americans.
Job growth and…
Issue Brief posted June 1, 2012
Heritage Employment Report: May Jobs Report Has No Spring in Its Step
Analysts expected a slow but steady employment report in May. The actual employment report was considerably worse than expected. Employers created only 69,000 net jobs, and the unemployment rate edged up to 8.2 percent. Revisions also showed that employers created 49,000 fewer jobs than originally estimated in March and April. Coupled with the recent downward revision to…
Issue Brief posted May 4, 2012
Heritage Employment Report: Jobs Do Not Bloom in April
The Bureau of Labor Statistics reported that the economy added 115,000 jobs in April and the unemployment rate declined to 8.1 percent from 8.2 percent. However, further declines in the percentage of Americans in the labor force explain this slightly lower unemployment rate. Indeed, the labor force participation rate dipped to a 30-year low as many unemployed workers…