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LISTEN NOWThe Freedom Files Podcast Episode 9 featuring Former Ambassador C. Boyden GrayListen Here
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Blog

Trustees Report Confirms Looming Social Security and Medicare Insolvency

It is no secret that Social Security and Medicare will soon be insolvent. The updated Social Security and Medicare Trustees Report released earlier this month has confirmed that insolvency is still imminent, and will come even sooner than anticipated.

06/25/2018
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Blog

Congress Doesn't Lack Tax Revenue -- Democrats and Republicans Have a Spending Problem

Opponents of the Tax Cuts and Jobs Act, which delivered much-needed tax relief to the middle class and business owners large and small, have complained that the law is contributing to the increase in expected budget deficits over the next ten years. Certainly, budget deficits are a serious concern, and Congress has shown no interest in addressing the problem.

04/18/2018
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White House's FY 2019 Budget Proposes Big Reductions in Nondefense Spending After a Spending Deal That Increases Deficits

The White House unveiled its FY 2019 budget request this morning. Although it's incredibly unlikely that the budget request will become law, it does provide a window into the policy priorities of the Trump administration. Of course, the passage of the Bipartisan Budget Act, H.R. 1892, set the discretionary spending level for FY 2019 at $1.321 trillion -- $716 billion for defense discretionary and $605 billion nondefense discretionary. This level of spending is $153 billion higher than the pre-Bipartisan Budget Act spending caps.

02/12/2018
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Congress Must Act on Four Legislative Priorities Mentioned in the State of the Union

In his State of the Union address one week ago today, President Donald Trump touted the widespread successes of tax reform legislation as well as his impressive rollback of regulatory burdens. FreedomWorks applauds those successes, and encourages Congress to advance further successes of the president’s agenda, as presented in his speech.

02/06/2018
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Social Security is Going Bankrupt

There are no longer any convenient ways of avoiding the issue. Social Security is going bankrupt. In order to ensure that it doesn’t take the rest of the country down with the ship, Congress is going to have to grit its teeth, swallow hard, and grab a firm hold of the proverbial third rail of American politics. It is time.

01/10/2018
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CBO Report: More Spending, More Debt Over Next Ten Years

The Congressional Budget Office (CBO), on Tuesday, released its first budget outlook report of the new year, offering a look at the fiscal picture for the next ten years, FY 2018 through FY 2027. It isn't pretty.

01/28/2017
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Free College Turns a Degree into an Expensive Participation Medal

This election cycle, young voters are enamored with the concept of “free college.” That’s right, “free.” I am assuming those same students aspiring to higher education took a basic science class along the way and learned that matter can neither be created nor destroyed. The same principle applies to tuition. What you are not paying for, someone else is.

02/25/2016
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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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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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