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Blog

Clock is Ticking on Entitlement Programs

Today marks the 50th Anniversary of Medicare and Medicaid, which were signed into law on July 30, 1965 by President Lyndon Johnson. These programs, along with Social Security, are collectively referred to as entitlement programs and are taking up a growing proportion of the annual budget. This problem is overshadowed by an even larger danger for Medicare and Social Security: their trust funds are about to dry up.

07/30/2015
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Blog

CBO Warns of Mounting Debt, Crickets from Congress

This week, the Congressional Budget Office came out with its Long-Term Budget Outlook for 2015. The report foreshadows growing deficits, mounting debt, and economic harm if the status quo is allowed to continue.

06/19/2015
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Blog

Divided government has kept budget deficits in check, but a spending explosion is on the horizon

The Congressional Budget Office has released its annual budget outlook for the next decade, showing that the budget deficit will continue to fall in the current fiscal year, as well as next year, before gradually beginning to rise steadily again, thereafter. The media mostly talking about this aspect of the report. The Associated Press, for example, ran with the headline: "CBO: Budget deficit to shrink to lowest level since Obama took office."

01/26/2015
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Blog

Kasich Pitches Obamacare Surrender as Pragmatism

Ohio Governor John Kasich announced his surrender to Washington spending gimmicks on February 4, calling for the expansion of Medicaid eligibility as part of his biennial budget proposal. Kasich, a Republican elected in 2010 and known as a fiscal hawk from his time in Congress, seeks to sell a key component of Obamacare as the pragmatic choice for Ohio.

02/12/2013