Relevant and even prescient commentary on news, politics and the economy.

No COLA for Social Security Recipients in 2016

Or that is what is being thought by the Social Security Administration as we round out 2015 and head into 2016. And the culprit? “Persistently Low Inflation.” How could that be, didn’t the Fed just meet and there were concerns of looming inflation? Apparently not enough inflation to rock the CPI-W. The SS COLAs are […]

70% Defaulted in 2013

To add to this attention getter, 70% of all the students who defaulted in 2013 went to non-traditional schools or “for-profit” schools. Of students who graduated from traditional schools and were required to start paying back student loans in 2011, two percent of graduate students and eight percent of undergraduate students defaulted as compared to […]

Rapid Progress Towards Real Reporting at the New York Times

At 12:07 Eastern standard time 9/10/2015 Alan Rappaport wrote an article on Jeb Bush’s tax proposal whose headline seemed to me to be the title of a Bush campaign press release — it stressed the proposal to close the carried interest loophole and not the huge cuts to top tax rates. About 4 hours later […]

We Need To Be Kind To Be Cruel

By Noni Mausa We Need To Be Kind To Be Cruel Aug 15 2015 In press conferences and TV panels, we keep hearing important people discuss budgets, entitlements, deficits, and the big knobs and levers of the economy.  Those spokesmen or dignitaries who have positioned themselves as deciders, judging what everyone else deserves, never tire of telling us all about it. They imply they can control economic and political ups and downs, in order to take credit for the ups and assign blame for the downs, and sometimes they are even correct.  But what they seldom do is look at how we we’re hollowing out the living world, burning here, poisoning there, concreting everywhere and trampling the rest with our billions.  They like control, but they never claim they any control over core social problems like overpopulation.  That would be social engineering!. That would be unnatural and cruel!. The truth is, we’re heading for a literal world of hurt, and to reverse course, however cruelly and unnaturally, we first need really solid, reliable, almost lavish social supports. It sounds nuts, eh?. Another of those lefties, laying out a buffet on somebody else’s dime? But believe me, the alternative is catastrophic.  A Royal Fork for the world is a picnic by comparison to the fork we have ahead of us. We’re on the brink of disaster. There are too many of us.  We use too much stuff, we make too much mess, we’ve outgrown our resources.  We need social deflation– fewer people, less stuff, less waste, less war, more sharing.  We need to downsize. So, who will agree to constrain themselves for the sake of a future they may not live to see?. Who goes first?

Argument: more health insurance does not lower cost

This morning on Washington Journal was a discussion with Marogt Sanger-Katz of the NYT Upshot blog.    She wrote a post: No, Giving More People Health Insurance Doesn’t Save Money.  It’s a controversial title for sure, but there is some interesting points that I know are often mentioned on a few email lists I’m on for […]