Congressional Brief: Medicare

While Social Security has received considerably more attention in recent years, Medicare is actually a much larger problem. It is growing at a faster rate and has an unfunded liability six times the size of Social Security. Medicare is on a spending path that is impossible to sustain. The program must deal not only with the demographic pressures Social Security faces, but also the soaring cost of medical care.

Congressional Brief: Retirement Accounts

Private retirement accounts include employer-sponsored 401(k)s and 403(b)s, and privately-purchased plans like Individual Retirement Accounts (IRAs). Today, about 88 million people participate in one of these defined-contribution plans, with total assets of more than $4.5 trillion.

Congressional Brief: Health Care

To confront America’s health care crisis, we do not need more spending, more regulations or more bureaucracy. We do need people, however, including every doctor and every patient. All 320 million Americans must be free to use their intelligence, their creativity and their innovative ability to make the changes needed to create access to low-cost, high-quality health care.

Congressional Brief: Social Security

Social Security is the cornerstone of retirement security in the United States today. A third of Americans depend on the program for almost all their retirement income; without it, one-in-five would have no retirement income. But the program so many depend on simply cannot afford what it promises today’s workers and faces a shortfall of more than $13 trillion over the next 75 years. Reforms are desperately needed.

Congressional Brief: Public Lands

The federal government owns some of the nation’s most magnificent landscapes and treasured resources, but it also owns some lands with no particularly striking characteristics or special environmental value. Unfortunately, it has managed the public’s natural resources as poorly as it has managed the federal budget. Unable to balance land use and preservation, government management of public lands has shifted between periods of exploitation or overuse and periods of “protection” or “preservation” bordering on neglect. The result has been degradation of the public lands and the wildlife that depends on them.