Medicaid and Medicare: 50 Years of Budget Busting

This week marks the fiftieth anniversary of Medicare and Medicaid, the crown jewels of Lyndon B. Johnson’s “Great Society.” Unfortunately, the programs’ real legacy is their cost, which is enough to make the real Crown Jewels look like a bunch of cubic zirconia set in fool’s gold. There is no doubt that Medicare, which provides…
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Yes Virginia, There Is Still a Debt Problem

Republicans rarely talk about the deficit anymore. There are several reasons for the omission, most notably that over the past four years they’ve been able to help shrink the deficit from $1.4 trillion to $648 billion. They also quickly realized that they were falling into the same trap that Democrats already found themselves in –…
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Obama’s Liberal Grab-Bag of a Budget

The New York Time’s headline sums up everything you need to know about President Obama’s latest budget: “Obama’s Budget Is a Populist Wish List and an Election Blueprint.” And the Times wasn’t alone. “[T]he plan, with its list of domestic initiatives, will serve as a campaign-ready agenda for Democrats,” writes the Los Angeles Times. “Every…
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Looming Entitlement Crisis Deserves More Than One Throwaway Line in the State of the Union

The State of the Union address is a venerable and useful tradition. A fulfillment of the president’s constitutional duty to give Congress a report of the nation as he sees it and recommendations of what to do next. And yet in many ways the speech has been bastardized from its original purpose. Long removed from…
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New CBO Report Proves Fiscal Conservatives Are Right on Taxes and Spending

President Obama missed the deadline to submit a budget to Congress once again this year. That makes four out of the last five years that Obama has flouted the law. As the Congressional Budget Act of 1974 reads: “On or after the first Monday in January but not later than the first Monday in February…
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