by Linda Beale Time to end redistribution upwards: minimum wage increases would boost economy and lift all boats. No matter how much the business lobby complains about the “business costs” of increasing the minimum wage, legislators should look past that self-serving ideology and look at reality. Workers have contributed to increased productivity but received a […]
House Speaker John Boehner told a closed meeting of his colleagues that a Republican pollster found that for the first time, most Americans blame President Barack Obama for the economic troubles, not George W. Bush. “Barack Obama came into office blaming George W. Bush for the state of the economy and the lack of job […]
I want to remind readers that while our attention is on one part of retirement funding, there is a lot left out from the performances of defined benefit plans, IRA and Roth IRA, and 401ks. Kenneth Thomas does some reminding in past posts: Solutions to Middle Class retirements 66 trillion retirement saving shortfall The fiscal […]
Via Naked Capitalism comes this analysis of the current state of regulatory translucence and the Warren Coburn bid for more transparency. David Dayen writes: I’ve been going out of my mind the past few days seeing the easily duped traditional media uncritically printing statistical analysis from JPMorgan Chase’s roundelay of get-out-of-jail-almost-free settlements. The gist of […]
A response to Dale Coberly’s tax increase proposal summarized here: i have been saying for some years now that a one tenth of one percent per year increase in the payroll tax for EACH the employer and the employee would entirely pay for the “actuarial deficit” and would fund Social Security out into the infinite […]
by Dale Coberly GETTING THE FACTS RIGHT ON SOCIAL SECURITY? CRFB TRIES AGAIN CRFB appears to have simply misread some of what I said. But they also appear to believe they can argue by “assertion” or by citing other “non partisan experts” who are members of the Peterson machine. i will come back to that, […]
Dan here . . . this post is a direct response to Dale Coberly’s post. Both posts are long and complicated, so I and Marc expect further posts to tackle particular policy issues. Getting the Facts Right on Social Security cross posted with Committee on Responsible Federal Budget The late Senator Moynihan once said that […]
This post is simply a short note to let readers know that a series of posts and topical threads will be published over the next weeks by staff at the Committee on Responsible Federal Budget and contributors to Angry Bear blog and several outside authors in our network. Marc Goldwein, Policy Director for the Committee […]
by Dale Coberly OH NOES! SOCIAL SECURITY IS BROKE AGAIN AND WE’RE ALL GOING TO DIE! BECAUSE… BECAUSE… BECAUSE WE’RE ALL GOING TO LIVE FOREVER A couple of public spirited citizens have taken some of their Own Time to warn us that Social Security is (taken from last January) “worse than you think.” They take […]
The fact of the matter is; healthcare insurance will not be cheaper in some places. Why it will not be so in Florida, I will get into later. If you remember from 2010, the progressive state of Florida was the first to launch a suit in Federal court claiming the PPACA was unconstitutional. Eventually and […]