I rarely post to my personal Facebook page. I'll do it when traveling, or attending a concert or something similar, but I'm not a regular Facebook user. I look at Facebook to see what's up with friends and family—travel, reading, concerts, kids, etc.—not politics. Some people—mainly former colleagues at newspapers—post political stuff. I have a […]
There was quite a bit of alternate reality in yesterday’s press conference from President Barack Obama, but this one takes the cake. Maybe this “conversation” could include a fiscal commission that would issue a report with recommendations? We shouldn’t be surprised when we elect a “leader” with a serious predilection for voting “present.”
The Congressional Budget Office released its 10-year budget outlook last week. For 2011, the Congressional Budget Office (CBO) projects that if current laws remain unchanged, the federal budget will show a deficit of close to $1.5 trillion, or 9.8 percent of GDP. The deficits in CBO's baseline projections drop markedly over the next few years […]
The Washington Post is reporting that President Obama “has decided not to endorse his deficit commission's recommendation to raise the retirement age, and otherwise reduce Social Security benefits, in Tuesday's State of the Union address, cheering liberals and drawing a stark line between the White House and key Republicans in Congress. “ This would be […]
Paul Ryan attempts to have an adult conversation with intellectual heavyweight Debbie Wasserman Schultz. And fails miserably.
More than five years ago, New York Times columnist Paul Krugman assailed President Bush’s proposal for partial privatization of Social Security and promised a “real plan to strengthen Social Security.” I created a banner, and some other bloggers put it up on their sites in the vain hope of shaming Krugman into delivering on his […]
Do you remember the Democrat conspiracy theory that said Republicans wanted to cut taxes to "starve" government (aka starving the beast) and eventually get rid of all social programs due to a lack of money? Is it possible that President Barack Obama and the Democrats are trying to destroy the stock market in order to […]
Last week some House Democrats held a hearing on a plan that would do away with 401(k) plans and replace them with what I'll call Social Security v2. A plan by Teresa Ghilarducci, professor of economic-policy analysis at the New School for Social Research in New York, contains elements that are being considered. She testified […]
Courtesy of Greg Mankiw comes this bit of news from Sen. Barack Obamas campaign: Obama is confident that we can come together to find a workable solution. He believes that one strong option to improve Social Security's long-term solvency is asking people who earn more than $250,000 to pay a little more into the system. […]
Every four years, Democrats go down to Florida, where all the retired seniors are, and wave the bloody flag of evil Republicans wanting to take away Social Security. Yesterday, Sen. Barack Obama followed suit. Sen. Barack Obama told voters in Daytona Beach, Florida, on Saturday that if Sen. John McCain became president, he would privatize […]