Plus: Social Security Trustees Forecast Significant Deterioration, 23% Benefit Cuts in Just 10 Years
April 3 2023
Good morning from Washington, where lawmakers’ inaction will mean deep cuts in Social Security benefits, Heritage Foundation entitlements expert Rachel Greszler warns. Americans would be protected from religious discrimination by their government under legislation before the House, Jarrett Stepman writes. On the podcast, that toxic train derailment in Ohio dramatizes why America needs more pipelines. Plus: Heritage takes the EPA to court over disaster on the tracks; in six charts, what more runaway government spending will mean; states put asset managers on notice about woke investing; and Democrats marginalize women in favor of transgenderism. On this date in 1948, President Harry Truman signs legislation authorizing financial aid, known as the Marshall Plan, to help European nations rebuild after World War II.
“Americans should be free to believe that marriage is between one man and one woman without fear of the government penalizing or even prosecuting them,” says Rep. Chip Roy, R-Texas.
Social Security’s old-age retirement program will run out of money in 2033. That means that all Social Security beneficiaries will be subject to 23% benefit cuts, a loss of more than $5,000 per year.
More debt and more waves of unsustainable spending will make the economy increasingly vulnerable to destructive cycles of high inflation and high interest rates.
The Environmental Protection Agency refuses to release information about the train derailment in East Palestine, Ohio, alleges a lawsuit by The Heritage Foundation’s Oversight Project.
The attorneys general write about “our concerns about the ongoing agreements between asset managers to use Americans’ savings to push political goals during the upcoming proxy season.”
Transgender activists aim to police the speech of Americans—particularly when it comes to preferred pronouns, but some of them do not extend the Almighty the same courtesy.
“We need more pipelines to carry these potentially dangerous chemicals, rather than using road and rail," says The Heritage Foundation’s Diana Furchtgott-Roth, an energy expert.
Actress Jane Fonda boasted that women weren’t going to retreat on abortion rights. And if their marching and protesting weren’t enough, Fonda smirked, “Well, I’ve thought of murder.”
