Docstoc

Highlights from Saving the American Dream

Document Sample
Highlights from Saving the American Dream Powered By Docstoc
					    Saving the
       AMERICAN
       dREAM
Highlights from the Heritage Plan to
         Fix the Debt, Cut Spending,
       The Heritage Plan to Fix the Debt,
              and Restore Prosperity
    Cut Spending, and Restore Prosperity
                           Saving the
                                AMERICAN
                                dREAM
In these pages, you will gain a new understanding of the steps
                        The crisis and restore prosperity
we must take to fix our debtHeritage Plan to Fix the Debt,nationwide.
                     Cut Spending, and Restore Prosperity
Building on decades of Heritage research, Saving the American Dream
presents a plan to unleash the creativity of our hard-working citizens …
and leave our children and grandchildren with a better life.




WHAT’S INSIDE …
       AMERICA’S FISCAL CRISIS ............................................. page 2


       THE HERITAGE PLAN ......................................................... page 4


       TAX REFORM.............................................................................. page 6


       HEALTH CARE & MEDICAID.......................................... page 8


       MEDICARE.................................................................................. page 10


       SOCIAL SECURITY ............................................................... page 12


       GOVERNMENT SPENDING .......................................... page 14


       CONNECT WITH HERITAGE ....................................... page 16
  What Leaders are Saying About the Plan …
“Getting our country’s fiscal house in order is no easy task. Thankfully, our
 friends at The Heritage Foundation have done the hard work of thinking
 through and creating public policies that get government under control and
 save the American dream for this generation and the next.”
                                                 — Senator Jim DeMint (R-SC)


“The analysis of our fiscal problems is compelling, and the proposed solution is
 bold and imaginative.”
                                                  — Ambassador John Bolton


“The Heritage Foundation’s plan to save the American dream would create
 economic certainty for businesses by putting our nation on a more stable
 economic course and giving businesses the freedom to expand.”
                                                        — Andrew F. Puzder
           CEO of CKE Restaurants Inc. (Hardee’s and Carl’s Jr.) and co-author of
Job Creation: How It Really Works and Why Government Doesn’t Understand It


“The Heritage Plan offers a way out if politicians put the welfare of their
 country ahead of their own.”
                                                                 — Cal Thomas
                                   America’s #1 nationally syndicated columnist


“Comprehensive tax reform is an essential element of restoring fiscal sanity
 and spurring economic growth in the country. The Heritage Foundation’s
 proposal moves the country’s tax code in the right direction toward a more
 low-rate, flat tax.”
                                                    — Arthur B. Laffer, Ph.D.
                                           The Father of Supply-Side Economics


“America does not have to be a country in decline. Do we have choices to
 make? Yes. And I encourage anyone who is serious about making the right
 choices to read The Heritage Foundation’s plan to fix the debt, cut spending,
 and restore prosperity.”
                                                                — Steve Forbes
                                               Editor-in-Chief, Forbes magazine
                      “Saving the American Dream
                        is our plan to fix the debt,
                        cut spending, and, above all,
                        restore prosperity.”

Fellow Americans:
We have come to a time of decision. For far too long, Congress has been on
an unsustainable binge of spending, taxing, and borrowing. Our nation is going
broke, and we are passing the costs of these misguided policies to our children
and their children. But this fate does not have to be our future.
Saving the American Dream is our plan to fix the debt, cut spending, and, above
all, restore prosperity. It balances the nation’s budget within a decade—and keeps
it balanced. It eliminates government-mandated health care and fully funds our
national defense. In order to get our fiscal house in order, we must address Social
Security, Medicare, and Medicaid, the three so-called entitlement programs which
together account for 43 percent of federal spending today. Far too many seniors
still lack enough help to avoid poverty. Saving the American Dream therefore
does not end these programs; instead it focuses them on those who need them.
We have been here before, and every time the American people have always
risen to the occasion. In 1776 we were told that no upstart colonists could
defeat the strongest nation in the world, and we decided to change the course
of history. In 1860 we were told the Union could not hold and that America was
over, and we brought forth a new birth of freedom. In 1980 we were told that the
American century was at an end, and we launched a great economic expansion,
rebuilt our military, and revived our national spirit.
All that is required, as my hero Ronald Reagan once said, is “our best effort, and
our willingness to believe in ourselves and to believe in our capacity to perform
great deeds; to believe that together, with God’s help, we can and will resolve the
problems which now confront us.”
Hard times demand tough choices. The future of our nation is at stake.
Together, let us seize the moment, change our country’s course, and save the
American Dream.
                                                                    —Edwin J. Feulner
                                                     President, The Heritage Foundation




  Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity   1
America Faces a Fiscal Crisis




Decades ago, politicians
promised Baby Boomers
health and retirement benefits      “… endless borrowing
but provided no way to pay          imposes huge burdens
for them. Now we are faced          on future generations.”
with the consequences of their
neglect. U.S. debt held by the
public equals nearly 70 percent
of GDP and is rapidly growing.

Medicare and Social Security
face nearly $40 trillion in long-
term unfunded obligations—
over $200,000 for every
American. We cannot leave
these burdens for our children
and grandchildren. We must
begin now to solve these
problems. And we all must
share the burdens those                          © Artiga Photo/Corbis


solutions will entail.




2   Saving the AMERICAN DREAM
                                               CHART 1

Why the National                               Runaway Federal Spending Will
                                               CHART 1
                                               The Current and Future Crisis:
Debt Matters                                   The Current and Spending Will
                                               Result inFederalFuture Crisis:
                                               Runaway Huge Budget Deficits
                                               Runaway Federal Spending Will
                                               Result in Huge Budget Deficits
n   Adding up each year’s                      Result in Huge Budget Deficits
    annual budget shortfall                    Revenue and Spending as a Percentage of GDP
                                               Revenue and Spending as a Percentage of GDP
    (deficits), the national debt              35%                                                    35.2%
                                               35%                                                    35.2%
    has recently topped $14
    trillion—with no end in sight.
                                               30%
n   Mounting debt results                      30%
    in economic crisis, as                                     SPENDING
    countries like Greece and                  25%             SPENDING
                                               25%
    Portugal have learned the
    hard way.
                                               20%              REVENUE                                        19.3%
n   Because debt always has to                 20%              REVENUE                                        19.3%
    be paid, endless borrowing
    imposes huge burdens on                    15%
    future generations.                        15%


The Cause:                                     10%
Unlimited Government                           10%2010
                                                  2010
                                                               2015
                                                               2015
                                                                          2020
                                                                          2020
                                                                                      2025
                                                                                      2025
                                                                                                  2030
                                                                                                  2030
                                                                                                                2035
                                                                                                                2035
n   43% of all tax dollars go                  Surplus/Deficit as a Percentage of GDP
                                               Surplus/Deficit as a Percentage of GDP
                                               0%
    to funding the three major
                                                0%
    entitlement programs: Social
    Security, Medicare and
                                               -5%
    Medicaid.                                  -5%
n   Entitlement spending will
    consume all tax revenue                    -10%
                                               -10%
    by 2049, leaving nothing for
    constitutional functions such                                                     DEFICIT
    as defense.  
                                               -15%                                   DEFICIT
                                               -15%
                                                                                                              –15.9%
n   As government spending has                                                                                –15.9%
    more than doubled since                   -20%
    1965, clearly Washington                  -20% 2010        2015       2020         2025        2030         2035
                                                    2010        2015       2020        2025        2030         2035
    must be more efficient in                   Source: Heritage Foundation calculations based on data from
                                               Congressional Budget Office, Alternative Fiscal Scenario. from
                                               Source: Heritage Foundation calculations based on data
    every line of the budget …                 Congressional Budget Office, Alternative Fiscal Scenario.

    or we all will face the
    consequences.




    Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity                       3
                                 THE PLAN
                                 Solve the national debt
                                 crisis, simplify taxes,
                                 reduce government
                                 spending, and make health
                                 care affordable.


    Our plan transforms the main federal entitlement programs—Social
    Security, Medicare, and Medicaid—into real insurance programs. We
    provide financial security to retirees, guarantee assistance to people
    who need it, and reduce government payments to those who are
    truly prosperous.

    Obamacare is repealed and replaced with a system that gives
    consumers affordable choices among private, competing health care
    plans, much as federal employees have long enjoyed.

    The tax system is made simple and fair, with a single rate for all. Our
    reforms encourage businesses to invest, fueling economic growth.
    Complementing the aims of reforming entitlement programs (Medicare,
    Social Security, and Medicaid), our tax plan helps Americans to save
    throughout their working years and achieve economic security so they
    won’t have to depend on government in retirement.

    Our plan permanently balances the budget within 10 years.
    By immediately reducing government benefits to the wealthiest
    Americans, our reforms immediately begin reducing deficits that
    threaten the economy. We reduce government where it has exceeded
    the powers authorized by the Constitution. And we responsibly
    address ruinous public debt that will otherwise overwhelm not only
    ourselves but also our children and grandchildren.




4    Saving the AMERICAN DREAM
CHART 4

         The Heritage Plan…
The Alternative—Saving the American Dream                          By rapidly lowering total federal spending,
                                                                   the Heritage plan would keep it there
By rapidly lowering total federal spending, the Heritage plan would balance the budget by 2021 andbalance the budget
         n Balances the federal budget
permanently, without raising taxes.                                by 2021 and keep it there permanently,
             within a decade and keeps it
               Current Projections                                 without raising taxes. Plan
                                                                                  Heritage
             balanced forever at no more
   Revenue and Spending as a Percentage of GDP                     Revenue and Spending as a Percentage of GDP
             than 18.5 percent of GDP.
  35%                                   35.2%               35%
         n   Reduces the debt to 30
             percent of GDP within 25 years
  30%        and puts it on track to continue               30%
             falling thereafter.
               SPENDING
         n   Cuts the federal government
  25%                                                       25%
             by about half within 25 years.
         n   Stops scheduled tax
               REVENUE                19.3%                                      SPENDING
  20%        increases and replaces the                     20%
                                                                                                                            18.5%
             complex, unfair tax code with a
             completely new tax system.                                                                                      17.7%
                                                                                 REVENUE
  15%                                                       15%
         nProtects America and its
          interests around the globe
  10%     by ensuring full funding for                      10%
                   defense.
     2010 national 2020 2025 2030 2035
             2015                                              2010          2015         2020         2025         2030         2035

  Surplus/Deficit as a Percentage of GDP
      n Eliminates Obamacare              and               Surplus/Deficit as a Percentage of GDP
                                                                                                                                   0.8%
   0%        creates a health care system                    0%
             that is affordable for individuals                                                                      SURPLUS
             and families.
  -5%
                                                             -5%
         n   Redesigns Social Security                                       DEFICIT
             and Medicare as sustainable
  -10%       programs that truly protect
                                                            -10%
             seniors … and will still be
             around for our children and
                            DEFICIT
  -15%       grandchildren.
                                                            -15%
                                   –15.9%
         nProvides powerful incentives
 -20%
          for working Americans to save
                                                           -20%
                                       be
     2010 and invest so that they will 2035
             2015 2020 2025 2030
                                                               2010          2015         2020         2025         2030         2035
          less dependent on government
          programs.                                         Sources: Current projections: Heritage Foundation calculations based on data
                                                            from Congressional Budget Office, Alternative Fiscal Scenario. Heritage Plan:
                                                            Calculations by the Center for Data Analysis, The Heritage Foundation, based
                                                            on baseline data in the current projections, data provided by the Peter G.
                                                            Peterson Foundation, and CDA policy models.




              Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity                              5
                          TAX REFORM
                          The Heritage Plan spurs
                          economic growth with a
                          tax that is simple, flat, and
                          fair—and prevents future tax
                          increases.



                          A truly flat tax
                          We replace today’s complex mosaic
                          of tax systems and rates with a single
                          rate for all. The current payroll tax
                          on workers and employers funding
                          Medicare and Social Security is folded
                          in. And we cap the government’s take
                          to no more than 18.5 percent of the
                          economy—the historical average.

                          A truly simple tax system
                          Under the Heritage plan, you’re taxed
                          only once and only on income that you
                          spend on consumer goods and services.
                          Money you save is not taxed until you
                          spend it, like a giant IRA but without the
                          complicated rules.

                          Protection for working households
                          No more payroll tax (for Social Security
                          and Medicare) that hits low-income
                          workers hardest. A health insurance tax
                          credit provides tax relief for health care
                          costs. And the Earned Income Tax Credit
                          is preserved to help families with low
                          incomes.




6   Saving the AMERICAN DREAM
Security for low-income seniors




                                                                                                                         TAX REFORM
Our plan means, unlike today where seniors with as little as
$15,000 in income have their benefits taxed, low-income
retirees pay no taxes on Social Security benefits. Also, any
senior who works beyond retirement age pays no taxes on the
first $10,000 in earnings.

Business taxes that free up
investment and fuel growth
Our plan substantially reduces barriers to business investment
and makes businesses more competitive. Businesses are taxed
only on domestic income. Our plan repeals the estate tax so
family businesses can pass from one generation to the next.




     The Heritage Plan Simplifies the Tax System
     and Lowers Taxes
     Under current law, the typical American’s taxes will go up in 2013.
     But absent spending reform, income taxes would have to rise
     dramatically after that. The Heritage Plan eliminates the need for tax
     hikes, and reforms the tax system by replacing all income and payroll
     taxes with a simple, flat tax with one rate for everyone.

     INDIVIDUAL TAX RATES              Marginal income tax rates          Total payroll tax rates
                                       Heritage flat tax
     75%
                                                           62.3%
                                                           15.3%
     50%                              43.3%
                 40.3%
                                      15.3%                                      28%
                 15.3%
     25%                                                    47%

                  25%                  28%                                       28%
      0%
                 Current               2013                 2050             Saving the
                  Rates            (current law)         (projected)       American Dream

     Sources: Congressional Budget Office, Tax Foundation. Heritage Plan: Calculations by the Center for Data Analysis.




    Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity                                 7
                          HEALTH CARE &
                          MEDICAID REFORM
                          Tax credits, premium assistance
                          for low-income workers, and
                          tax-free savings are all part
                          of health care reform that
                          expands consumer choices.



                          Repeal Obamacare
                          This ill-conceived law adds trillions of dollars
                          in government spending to a health care
                          system that is already unaffordable. It also
                          increases federal controls and imposes heavy
                          costs on states, businesses, and households.
                          The Heritage plan repeals Obamacare and
                          replaces it with a consumer-centered health
                          care system that America can afford.

                          A new tax credit
                          for health insurance
                          The Heritage plan provides a tax credit
                          of $2,000 for individuals and $3,500 for
                          families—far more tax help than under current
                          law. This can go towards a plan your employer
                          offers you, or you can use it to buy insurance
                          outside your workplace.

                          Direct assistance for
                          lower-income workers
                          If your income is in the lower brackets,
                          you receive premium support to buy the
                          same health insurance as those with higher
                          incomes can—allowing those on Medicaid
                          a better quality option. Very low-income
                          families with children receive total assistance
                          worth as much as $9,000.


8   Saving the AMERICAN DREAM
Tax-free savings for health needs




                                                                                              MEDICAID REFORM
                                                                                               HEALTH CARE &
Under our plan, your savings for health care (or other
purposes) no longer face double taxation. If you do not
use all of your health credit or premium assistance for
insurance, you can put the remainder in a special savings
account with tax-free withdrawals.

A new Medicaid safety net
In 2014, the Heritage plan caps federal Medicaid spending
at 2007 levels. States receive block grants and are given
greater latitude to develop innovative ways to reduce costs
and improve health care for the poor elderly and disabled.
Based on agreed goals, this approach gives states the
right incentive to pursue high-quality, innovative care.




                                             The Impact of
                                             Obamacare
                                             “What does the new health care law
                                             mean for me?” Whether you’re a mom,
                                             an employer, or a doctor, this series
                                             provides the answer—with the latest
                                             analysis and compelling stories of
                        © AFP/Getty Images
                                             Americans affected by Obamacare.

    Experience videos, reports and more at:
    heritage.org/ImpactOfObamacare




    Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity      9
                           MEDICARE REFORM
                           The most costly and least
                           efficient federal entitlement,
                           Medicare needs fundamental
                           changes to provide truly high-
                           quality, affordable health care.




                           A defined contribution
                           adjusted by income
                           The Heritage plan provides retirees
                           with premium support payments from
                           the government, similar to what federal
                           employees now receive. This support
                           is decreased for the most affluent 9
                           percent of retirees. Seniors may choose
                           to use their premium support for
                           Medicare’s fee-for-service plan or private
                           health plans.

                           Protection against bankruptcy
                           from medical bills
                           In addition to the option of keeping
                           your current health coverage or
                           choosing a better policy, the Heritage
                           plan includes new protection against
                           catastrophic health care expenses to
                           ensure that you cannot be bankrupted
                           by huge medical bills.

                           Medicare, at last, operates
                           on a budget
                           Medicare currently faces an unfunded
                           liability of over $30 trillion. Under the
                           Heritage plan, premium support is set
                           based on the principle that when health
                           plans compete, you win—resulting in

10   Saving the AMERICAN DREAM
better quality at lower costs. Our plan also caps total Medicare




                                                                                                                                               MEDICARE REFORM
spending to prevent runaway costs. This gives competing plans an
incentive to control their costs.

Eliminate restrictions on
doctor-patient arrangements
Current law restricts arrangements that doctors and patients might
wish to make outside of the Medicare program. The Heritage plan
abolishes those restrictions so doctors are free to provide care
beyond Medicare limits—without Washington in the middle.

New retirees can keep their existing plans
During the five-year transition to full premium support, our
plan requires Medicare to provide defined contributions for any
retirees who want to remain in their current health plan, including
employer-based coverage or other health plans.




     The Heritage Plan Would Rein in Mandatory
    CHART 7
     Entitlement Spending
    The Heritage Plan Would Rein in Mandatory Entitlement Spending
                      Current Projections                                                              Heritage Plan

       Spending as a Percentage of GDP                                             Spending as a Percentage of GDP
       20%                                                                        20%

                                                          17.1%

       15%                                                                         15%




       10%                                                                         10%                                                   9.1%
                         Medicare, Medicaid,
                      Obamacare Subsidies, CHIP
                                                                                                    Medicare, Medicaid, CHIP
        5%                                                                          5%

                               Social Security
                                                                                                            Social Security
        0%                                                                          0%
          2010        2015      2020       2025      2030       2035                  2010        2015      2020      2025       2030      2035

    Sources: Current projections: Heritage Foundation calculations based on data from Congressional Budget Office, Alternative Fiscal Scenario.
    Heritage Plan: Calculations by the Center for Data Analysis, The Heritage Foundation, based on baseline data in the current projections, data
    provided by the Peter G. Peterson Foundation, and CDA policy models.




    Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity                                                         11
                           SOCIAL SECURITY
                           REFORM
                           The Heritage Plan transforms
                           Social Security into true
                           insurance that retirees can rely
                           on, with a guarantee against
                           poverty in retirement.



                           A flat benefit with a guarantee
                           against poverty
                           The centerpiece of the Heritage plan is a
                           flat Social Security benefit which guarantees
                           that no retiree will ever fall into poverty. The
                           current system offers no such guarantee.

                           Preserving Social Security
                           for future generations
                           For workers born after 1985, the flat-
                           benefit will be phased in slowly. These
                           workers will also have greater flexibility
                           to plan for retirement. To keep the system
                           solvent, benefits for the wealthiest 9
                           percent of retirees will be reduced. This
                           transparent reduction gives upper-income
                           Americans more clarity than today’s
                           surreptitious tax on their benefits.

                           The fairness and stability
                           of a true insurance program
                           Our plan halts the unsustainable promise of
                           benefits to all regardless of need. We convert
                           Social Security into true insurance that
                           supplements income for retirees who need it.
                           For the more affluent, benefits will be quickly
                           restored in cases of sudden reversals.




12   Saving the AMERICAN DREAM
A new savings plan to supplement Social Security




                                                                                              SOCIAL SECURITY
Over a two-year period starting in 2014, first 3 percent
and then 6 percent of your income will go into a retirement




                                                                                                  REFORM
savings account that you own and control, like an IRA or
401(k) plan. You may save more or less, or even opt out if
you choose. The money you put into these accounts will not
be double-taxed.


    CHART 3

    Discretionary Spending Cuts Alone
    Are Not an Adequate Substitute for
    Entitlement Reform
     Discretionary Spending Cuts Alone Are Not an
    Annual spending on entitlement programs is massive
     Adequate Substitute for Entitlement Reform
    compared to other federal spending priorities. Cutting
     Annual spending on entitlement necessary step, but cuts to
    discretionary spending is aprograms is massive compared to other federal
     spending priorities. Cutting discretionary
             aid alone or or pulling out of Afghanistan necessary step, deficit.
    foreignforeign aid alone pulling out ofspending is awill not close the but
     cuts to
                                                Afghanistan will not
    close the deficit. Entitlement spending must be reined in.
     Entitlement spending must be reined in.

     Spending in 2011




                                                 Global
                                                 War on          Foreign
                                                Terrorism          Aid         NASA
                                                 $159.3          $28.6         $19.5
                                                 billion         billion       billion
            $2.4 trillion


    Note: Figure for entitlements includes net interest. Without net interest,
    the total is $2.2 trillion.
    Source: White House Office of Management and Budget.




    Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity     13
                           GOVERNMENT
                           SPENDING REFORM
                           To reduce the size of government
                           and national debt, first the plan
                           deals with entitlement reform—
                           then sets priorities in every line
                           of the budget.


                           Rolling back spending to 2008
                           levels to save trillions
                           Government is on track to consume one-
                           third of the economy by the time today’s
                           newborns graduate from college. Our
                           plan rolls back non-defense discretionary
                           spending to 2008 levels, leaving most
                           programs larger than they were in 2000.
                           Maintaining this freeze through 2015 helps
                           balance the budget in 10 years.

                           Get serious about the national debt
                           At current spending levels, within a
                           generation the national debt will equal 90
                           percent of America’s economic output—
                           and it will continue rising. Under the
                           Heritage plan, the debt falls to 30 percent
                           within 25 years—and it continues falling
                           thereafter.

                           Restrict the federal government
                           to its Constitutional functions
                           Some federal programs, such as
                           maintaining highways and managing
                           education, cannot be capably run from
                           Washington. Our plan moves such state
                           and local functions back to the states
                           and communities where they belong.


14   Saving the AMERICAN DREAM
Some federal programs, such as air traffic control, would be
privatized. Still others, like public broadcasting subsidies, are




                                                                                                      SPENDING REFORM
ended altogether.




                                                                                                        GOVERNMENT
Provide for the common defense—
with effectiveness and efficiency
The most important role of the federal government is national
security; it is vital to maintain sufficient military defenses. At
the same time, we can cut waste from defense spending by
combining duplicative programs and streamlining complex
logistics—then reinvesting these savings to modernize our
forces. These reforms can make our military stronger, more
modern, and more effective.

Sell government assets to help retire debt
The federal government owns huge swaths of commercial land,
power generation facilities, valuable parts of the electromagnetic
spectrum, underused buildings, and financial assets. Under our
plan, these kind of federal assets would be sold over 15 years—
an integral part of our strategy to balance the budget, reduce
the national debt, and focus government on its core roles.



    The Heritage Plan Would Reverse Trajectory
    of Unsustainable Debt
    Without significant spending reforms, the national debt is projected to reach 185
    percent of GDP by 2035. Under the Heritage plan, federal spending would be reduced
    by about half, which would dramatically lower our debt to 30 percent.

    Publicly Held Debt as a Percentage of GDP
    200%
                                                         185%
                           CURRENT
    150%                 PROJECTIONS
                                 2023:                              Sources: Current projections:
                                 100%                               Heritage Foundation calculations
    100%
                                                                    based on data from Congressional
                                                                    Budget Office, Alternative Fiscal
                                                                    Scenario. Heritage Plan:
                                                                    Calculations by the Center for Data
     50%                                                            Analysis, The Heritage Foundation,
                           HERITAGE                                 based on baseline data in the
                             PLAN                         30%       current projections, data provided
                                                                    by the Peter G. Peterson
      0%                                                            Foundation, and CDA policy models.
        2010      2015       2020        2025     2030      2035




     Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity              15
          SavingTheDream.org
      makes it easy to share the Heritage plan
             with friends and family…




 PERSONALIZE THE PLAN: How does the Heritage plan affect a unique
 group like Retirees? Or Entrepreneurs? With six distinct profiles, our web site
 shows that getting our national budget under control helps all Americans.

 SPREAD THE WORD: SavingTheDream.org is pre-loaded with short
 videos, custom Twitter messages, and other tools to help you raise your
 voice about these vital issues.

 GET THE FULL REPORT: To dive deeper into the policy ideas and
 figures of the Heritage Plan—as many in government, media, and the policy
 community are doing—download the full 52-page report online.


      Explore these features and more at SavingTheDream.org



16   Saving the AMERICAN DREAM
       Don’t miss these related
           resources from
       The Heritage Foundation
                                             BUDGET CHART BOOK:
                                             The Federal Budget in Pictures
                                             With over 40 full-color charts,
                                             Heritage’s popular Budget Chart
                                             Book provides insight into federal
                                             spending, taxes, entitlements, and
                                             the national debt—in graphic detail.

                          SLAY THE BEAST:
                How You Can Save Us from
                         Our Massive Debt
         In a fast-paced Q&A format, this
       booklet presents a relevant, urgent
        message to millennials and action
          steps for the next generation to
                        make a difference.
                                                               by   BILL BEACH and ROB BLUEY




             SIGN UP TO RECEIVE NEWS & UPDATES

                Heritage is here to keep you informed about
                the budget battles raging in Washington. Get
                the scoop by receiving our updates via e-mail,
                Facebook, Twitter … or all of the above.



Log on to heritage.org/Entitlements for these and other resources



Highlights from the Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity        17
     Inheritance?




                                            Her share of our
                                            debt is $200,000.
                                            We can fix the debt,
                                            cut government
                                            spending, and restore
                                            prosperity. Together,
                                            we can save the
                                            American Dream
                                            for all of us.



                           SavingTheDream.org
                                 Brought to you by The Heritage Foundation
18   Saving the AMERICAN DREAM
The Heritage Foundation is a research and educational institution—a
think tank—whose mission is to formulate and promote conservative
public policies based on the principles of free enterprise, limited
government, individual freedom, traditional American values, and a
strong national defense.

Our vision is to build an America where freedom, opportunity, prosperity,
and civil society flourish. As conservatives, we believe the values and
ideas that motivated our Founding Fathers are worth conserving.
As policy entrepreneurs, we believe the most effective solutions are
consistent with those ideas and values.




This product is part of the Entitlements and Health Care Initiatives, two of 10
Transformational Initiatives making up The Heritage Foundation’s Leadership for
America campaign. For more products and information related to these Initiatives or
to learn more about the Leadership for American campaign, please visit heritage.org.




      214 Massachusetts Ave. NE • Washington, D.C. 20002 
                (202) 546-4400 • heritage.org
FIND SOLUTIONS INSIDE FOR …
Tax Reform            Health Care Reform
Government Spending   Medicare
Medicaid              Social Security




           savingthedream.org

				
DOCUMENT INFO
Tags:
Stats:
views:20
posted:9/14/2011
language:English
pages:24
Description: Get the Highlights of the Heritage Plan in our quick, easy-to-read overview. Saving the American Dream comes to life in a simple, condensed, graphics-rich format, simply presenting how The Heritage Foundation proposes to reform Medicare, Social Security, Medicaid, taxes, health insurance, and government spending. Published 2011.