Federal spending mandated by our major entitlement programs (Social Security, Medicare, Medicaid) today comprises the majority of the federal budget and will bankrupt the United States absent imminent structural reforms.
Not only do these entitlement programs drain federal spending dollars, but they don’t do a particularly good job of delivering promised services and benefits. Social Security provides a shameful rate of return for most recipients, especially when compared with private sector alternatives. And seniors and the poor are finding it increasingly difficult to find a doctor who will accept Medicare or Medicaid patients.
IPI has proposed specific, concrete solutions that would not only make these programs solvent and sustainable, but also deliver superior benefits. Entitlements should not be reformed solely for the benefit of the federal government, but also for the benefit of taxpayers and recipients.
Without significant changes, entitlements could soon take every dollar of federal revenue.
Why Not Personal Accounts?
Personal Retirement Accounts (PRAs) should be the core of any conservative proposal for entitlement reform.
AARP Publishes a Study to Show Only What It Wants to Show
AARP’s new study purports to show the economic benefits of Social Security, but completely ignores the downside of the taxes the program imposes on the economy—and people.
The Debt Ceiling Won't Affect Social Security Benefits, Unless Democrats are Lying
Treasury Secretary Jack Lew has been telling the country two different stories about the government’s ability to pay Social Security benefits during the debt-ceiling crisis. So which one is true?
The New York Times Defends Social Security But Gets Its 'Facts' Wrong
The New York Times thinks Social Security doesn’t affect the federal deficit, but it clearly does.
Texas Counties Set Example for Retirement
Three Texas counties aren't facing a retirement time bomb because 30 years ago they transitioned to a defined-contribution retirement plan for county workers that mirrored the payroll taxes and benefits of Social Security but avoided the long-term unfunded liabilities. Oh, and those workers have never lost a dime.
Pushing Back Against Big Government
IPI President Tom Giovanetti's Address at the 25th Anniversary Celebration: A New Frontier for Liberty.
Obama to Seniors: It's Time for You to Pay
Seniors strongly supported Mitt Romney in the 2012 election over President Barack Obama, and now Obama attempts to get his revenge in his most recent budget proposal with cuts to Social Security and Medicare, as well as tax hikes for estates and 401(k)s.
Ending White House Tours Instead Of Ending Medicare And Medicaid Fraud
I don’t know how much money President Obama thinks it saves by canceling White House tours, but we do have several estimates of how much Medicare and Medicaid fraud cost. Typical estimates put the figure in the $60 billion a year range for each program.
The Left Wants to Undermine One of the Only Well-Functioning Health Care Programs
Medicare Part D works much better than anyone predicted, which is why the left is out to undermine it.
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