Expert Archives: Rea Hederman

Entitlements

Talking Points Spending on the three largest entitlement programs—Social Security, Medicare, and Medicaid—already consumes 45 percent of the federal budget and, together with Obamacare, will devour more than half of the entire budget in just one decade without reform. The … Continue reading

Federal Spending, Budget, and Debt

Talking Points The budget deficit was $700 billion in 2013, and national debt exceeded $17 trillion, or the size of the economy as measured in GDP. Public debt borrowed in credit markets is at a 50-year high. The gross national … Continue reading

Taxes

Talking Points America’s tax code is preventing the economy from reaching its potential. The tax code reduces opportunities for American families by reducing job creation and suppressing wages. Tax reform should improve economic growth by reducing tax rates on working, saving, … Continue reading