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The Ryan (and Romney?) Budget
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The Ryan (and Romney?) Budget

The House GOP budget proposal for the coming decade (2013-2022), released yesterday, is a mixture of boldness and caution, principle and compromise. Resembling and building on last year's House-passed "Ryan budget," the Path to Prosperity version 2.0 reads very much like a preview of a Romney Administration budget version 1.0. While not nearly as bold and principled as these debt-drenched times require, it would still be a major improvement over the status quo, and much better than what President Obama and congressional Democrats envision, namely, ever-bigger government.

03/21/2012
Should seniors have the freedom to opt out of Medicare?
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Should seniors have the freedom to opt out of Medicare?

Problem: Seniors Aren't Free

02/25/2012
Tell Your Senator to Cosponsor S. 2107, the SSPICE Act
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Tell Your Senator to Cosponsor S. 2107, the SSPICE Act

Dear FreedomWorks member,

02/16/2012
Obama’s Budget: Built for the Election
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Obama’s Budget: Built for the Election

Democracy and Power 107:  Counting votes Successful … politicians are insecure and intimidated men. They advance politically only as they placate, appease, bribe, seduce, bamboozle or otherwise manage to manipulate the demanding and threatening elements in their constituencies. – Walter Lippmann (1889-1974), American Journalist and Author  

02/15/2012
America's Phantom: Social Security
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America's Phantom: Social Security

Welcome to the new Broadway hit: The Phantom of America, starring America’s debt. The premise of the story is that America, falling just short of $15 trillion in debt, is being dragged down the path of unsustainability. The role of the Phantom is played by Social Security. Its true identity—massive unfunded liabilities and unsustainable growth—is masked by the rosy depiction of “security” for all generations that pay into the system.

10/24/2011
Social Security Violates Younger Generations' Property Rights
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Social Security Violates Younger Generations' Property Rights

For young people, Social Security is a misnomer. The generations that follow the Baby Boomers are anything but “secure” in the Social Security program.The premise of Social Security is that American citizens who pay taxes out of their paychecks into the program will get their money back at retirement. However, current retirees, who have not paid enough into the system for what they are collecting, are supported by younger generations.

10/14/2011
CNN Rates Perry’s “Ponzi Scheme” Remark False Because Social Security Isn’t Illegal
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CNN Rates Perry’s “Ponzi Scheme” Remark False Because Social Security Isn’t Illegal

CNN’s best attempt to discredit Presidential candidate Rick Perry’s statement that Social Security is a Ponzi Scheme relies on a legal definition by the Securities and Exchange Commission. Seriously:

09/13/2011
Social Security is a Mandatory Ponzi Scheme
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Social Security is a Mandatory Ponzi Scheme

Rick Perry made headlines for calling Social Security a “Ponzi scheme” in last night’s presidential debate. Mitt Romney and statist media sources predictably attacked this position claiming that the insolvent program is A-Okay. To be fair, Rick Perry isn’t the only Republican candidate with the courage to speak truth to fiction about Social Security. Ron Paul has likely been calling the entitlement program a Ponzi scheme long before I was even born.

09/08/2011
Opt Out of Entitlement Programs
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Opt Out of Entitlement Programs

Entitlement programs are on the fast track to bankruptcy. Social Security and Medicare—the nation’s two largest entitlement programs—will run out of funds sooner than previously expected. Social Security faces a $45 billion deficit this year and Medicare’s trust fund for hospital insurance will completely run out of funds by 2024.

06/16/2011
The Entitlement Deficit: America’s Other National Debt
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The Entitlement Deficit: America’s Other National Debt

On May 16, 2011, the US public debt once again reached the debt ceiling (the legal cap set by Congress for how much the United States is allowed to borrow). The United States’ debt now stands at around 14.3 trillion dollars.  A quick visit to usdebtclock.org shows that the United States now owes around $46,000 dollars per citizen and over $129,000 per taxpayer. Those are big numbers; numbers big enough to get many lawmakers on both side of the aisle talking about reducing the deficit.

06/03/2011

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