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.
Allowing workers to keep their Social Security payroll tax would be a huge tax cut for everyone, while dramatically increasing average workers’ wealth over time.
Young Americans owe the federal government, which also owes them. And neither can easily meet their obligations. Sounds like the makings of a deal to me.
Overhauling Medicare’s Part D drug benefit would be a colossal — and costly — mistake.
Immigrants may currently be a net asset to the economy, but under the Democratic presidential candidates' proposals they will surely be a net cost.
“There’s just not enough money for them to pay for this. Bernie is probably on the low side in his estimates,” Merrill Matthews stated.
Louisiana lawmakers are pushing forward several bills in response to an audit of the state’s Medicaid program which resulted in the removal of 30,000 people from rolls because they earned too much money. Merrill Matthews says Louisiana is doing the right thing by trying to clean up its Medicaid rolls, starting with audits.
The authors of On the Edge skillfully unravel the mess our political leaders have gotten the nation into over almost 100 years, providing straightforward explanations and direct, simple solutions to the nation’s entitlements crisis.
The most recent report from the Social Security trustees has four lessons for policymakers. Will Democratic presidential candidates learn them?
The release of the 2019 Social Security Trustees Report has grim but unsurprising news. A new book, “On the Edge: America Faces the Entitlements Cliff,” shows how the U.S. can move away from the crumbling patchwork of unsustainable government programs and easily address funding for healthcare, welfare, and retirement in a way that is financially sustainable long-term.