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Potential Debt Ceiling Deal Would Barely Change Federal Spending Path

Negotiators have focused on a relatively small corner of the budget, shunning new revenues or cuts to the fastest-growing programs ....

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The Affordable Care Act's Mounting Budgetary Pressures | The Heritage Foundation

As the new health care entitlements approach full implementation over the next several years, the true costs of the law will become progressively clearer and they will further threaten the federal government’s deteriorating fiscal health. ....

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2010 Social Security Trustees Report: Reform Needed Now

The 2010 annual report by the Social Security trustees has been released. It comes as no surprise that the Trustees Report predicts massive and permanent yearly deficits if the Social Security system is not reformed. Though the report shows that Social Security payments are secure for another five years, Social Security already owes $7.9 trillion more in benefits this year than it will receive in tax revenues. The time for reform is now delay will only make each challenge and problem harder to fix. Heritage Foundation financial and pension expert David C. John examines the findings of the new Trustees Report and explains what they mean for Americans. ....

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