|
1:54 PM, Jun 22, 2011 • By JEFFREY H. ANDERSON
The CBO’s newly released 2011 Long-Term Budget Outlook forecasts that federal spending will soon exceed spending during parts of World War II. In 1942, federal spending equaled 24.3 percent of the gross domestic product (GDP) (Table 1.3). Less than 25 years from now (in 2035), according to the CBO, federal spending would equal 27.4 percent of GDP under current law, and 33.9 percent of GDP under changes to current law “that are widely expected to occur.”
Read more... 1:09 PM, May 25, 2011 • By JEFFREY H. ANDERSON
In June 2009, President Obama said, “Medicare and Medicaid are the single biggest drivers of the federal deficit and the federal debt by a huge margin.” Two years later, Paul Ryan and the House Republicans have advanced a serious proposal to deal with these two biggest drivers of our debt.
Read more... 3:48 PM, May 19, 2011 • By JEFFREY H. ANDERSON
When President Obama tours the country and touts Obamacare, one thing you never hear him highlight is that half of Obamacare’s projected decrease in the number of uninsured comes from people who would simply be dumped into Medicaid at taxpayer expense.
Read more... 5:18 PM, Apr 13, 2011 • By DANIEL HALPERIn February, Defense secretary Robert Gates and Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, sounded a cautionary note at a congressional hearing on the defense budget. "We shrink from our global security responsibilities at our peril," Gates warned members of Congress. "Retrenchment brought about by short-sighted cuts could well lead to costlier and more tragic consequences later, indeed, as they always have in the past."
Read more... Who will speak for national security?3:36 PM, Apr 13, 2011 • By THOMAS DONNELLY
In proposing to cut another $400 billion from U.S. defense budgets over the next ten years as part of his deficit reduction counter-offer, Barack Obama’s words were few. Yet they were revealing.
Read more... The GOP gambles on entitlement reform.Apr 11, 2011, Vol. 16, No. 29 • By STEPHEN F. HAYES
If there is one thing that political strategists, pollsters, and elected officials of both parties have agreed on for decades, it’s that entitlement reform is a sure political loser. Social Security is the “third rail”—touch it and you die. Suggest changes to Medicaid and you don’t care about the poor. Propose modest reforms to Medicare and you’re the target of a well-funded “Mediscare” campaign that ensures your defeat.
Read more... Apr 4, 2011, Vol. 16, No. 28 • By FRED BARNES
Social Security’s looming deficit can be handled, for the time being, by adjusting benefits a tad downward. Medicaid’s runaway spending can be restrained by giving state governors more flexibility in administering the program. These are modest solutions. Medicare is different. It needs a big solution.
Read more... 11:00 AM, Mar 20, 2011 • By JEFFREY H. ANDERSON
Ever wonder why health costs have risen so fast? Jim Capretta offered a thorough and informative answer to that question during recent congressional testimony before the House Budget Committee. Here’s the short answer: Federal programs and tax policy have created a situation where — whether their health care is covered through employer-provided insurance, Medicare, or Medicaid — most people have little incentive or opportunity to shop for value, to pursue the highest-quality care at the lowest-possible prices.
Read more... Mainly because of health care related costs. 8:33 AM, Mar 11, 2011 • By JEFFREY H. ANDERSON
President Obama’s average annual deficit spending (including his proposed deficit spending for 2012) has been 9.7 percent of the gross domestic product (GDP) — more than double the tally of any other president since World War II. In the wake of Obama’s spending spree, it’s therefore a bit disconcerting that the CBO writes in a newly issued report that “the continued aging of the population and growth in health care costs will almost certainly push up federal spending significantly relative to GDP.”
Read more... 2:15 PM, Mar 5, 2011 • By JEFFREY H. ANDERSONAccording to Politico, President Obama will be forced to abandon his controversial nomination of Donald Berwick as the administrator of the Centers for Medicare and Medicaid Services (CMS). Politico reports that “Senate Democrats have given up on confirming Don Berwick as CMS administrator in the wake of a letter from 42 Republican senators opposing the nomination,” as “there's no way for Berwick to get the 60 votes needed to clear the Senate.”
Read more... Feb 7, 2011, Vol. 16, No. 20 • By MATTHEW CONTINETTI
After watching the State of the Union address, we’ve finally figured out which position President Obama could play for the Steelers on Super Bowl Sunday. He’d make a great punter.
Read more... 1:09 PM, Jan 3, 2011 • By JEFFREY H. ANDERSON
A few weeks ago, I wrote about a 347-page, 118,072-word Obamacare "rule" released by Health and Human Services Secretary (HHS) Kathleen Sebelius and unconfirmed-Medicare Administrator Donald Berwick, two people whose power would increase immensely under Obamacare.
Read more...
|
|