The Center for a Free Economy believes that reforming federal entitlements is absolutely necessary to preserve economic freedom for everyone. Failure to do so will result in a federal government spending situation unprecedented in U.S. history.
Social Security, Medicare, Medicaid, and Obamacare are the biggest entitlements that, if left unreformed, will bankrupt our country. Serious policymakers must have a plan for reforming all four.
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Chris Pope- In a rare op-ed, President Trump recently suggested that “Medicare for All” proposals gaining popularity among Democrats would “demolish” the Medicare benefits that seniors expect to rely on. This provoked Senate minority leader Chuck Schumer to issue an angry rebuttal scrawled in red pen, in which he denied that Democrats supported single-payer health care and declared suggestions that Democrats had plans to outlaw private health insurance “NOT TRUE.” Schumer’s outburst was a scream of despair from an electorally oriented Democratic leader at the idea that his party supports a single-payer health-care scheme. But his quarrel is with those who are capturing his party, not those pointing out what it’s pushing. While most members of Schumer’s Senate Democratic caucus may be opposed to single-payer, 123 of 193 House Democrats have cosponsored sweeping “Medicare for All” legislation to make the federal government the sole purchaser of America’s health-care services — [...]
By Ryan Ellis The Congressional Budget Office (CBO) this week released their new "Budget and Economic Outlook" for 2018. As usual, it has all sorts of facts and figures that policy nerds in and out of Washington, D.C. have been commenting on. One of the biggest fights is about the source of the long term fiscal imbalance everyone agrees will get worse and worse over this century. One side is well represented by a Washington Post op-ed of very prominent Democratic economics luminaries, who blame the Tax Cuts and Jobs Act of 2017. Correcting them in a fairly big way was Brian Riedl of the Manhattan Institute and Dan Mitchell. Each of them proves, beyond a shadow of a doubt, that at least 100 percent of the blame must fall on the spending side of the ledger. Calls for higher taxes as an act of fiscal responsibility ignore these facts. [...]