Seven steps to Social Security cuts by Bruce Webb was posted January 2010 this year at Angry Bear and has proven to be prophetic: ‘…is that the strategy to get major slashes to Social Security and Medicare takes an Seven Step and that this technique is not new and in fact mirrors the original plan […]
There will be plenty of reactions to the draft release of the fiscal draft proposal, but one caught my eye as I just came home. Reader HW at TPM has this reaction I took a very quick look at this document and what’s amazing to me is that they came up with these draconian cuts […]
Some of the recommendations as outlined by TPM from the Pres. Obama’s Bowles and Simpson fiscal commission: Social Security cuts: Index the retirement age to longevity — i.e., increase the retirement age to qualify for Social Security — to age 69 by 2075. Index Social Security yearly increases to inflation rather than wages, which will […]
Spencer The New York Times had blog commenting on the suggestion that we should return to a gold standard. (NYT Back to the gold standard) My question about such a proposal is what should be the price of gold in the new gold standard ? The 18th century gold standard system that so many people […]
The Federal Statistics Office reported that German consumer prices increased 0.2% on a seasonally-adjusted basis in October, translating into a 1.3% annual gain on a harmonized basis. German prices are very sticky, since the domestic economy doesn’t see the boom and bust cyclical behavior like that in other developed economies. However, inflation may headed north, […]
by Mike Kimel Post WW2 Private Investment v. New Deal Private InvestmentCross posted at the Presimetrics blog. I had a post the other day (which appeared at the Presimetrics blog and Angry Bear, and which was followed up by my fellow Angry Bear, Spencer, here) looking at a paper by David R. Henderson about the […]
A battle to keep using rare earths on our terms by Tim Worstall in The Register points to a facet of trade policy that would seem to demand some government action…I fail to see why trans-national companies would feel a need to act at least currently to implement more modern technology (or search for an […]
by Linda Beale David Cay Johnston on the Child-Care Credit crossposted with Ataxingmatter David Cay Johnston, former tax reporter for the New York Times, now does a column in the weekly Tax Notes called “Johnston’s Take.” This week, he examines Alan Viard’s claim that the child-care credit is a boon for working parents. Download Who […]
How many of you read Frank Rich In the Sunday New York Times? http://www.nytimes.com/2010/11/07/opinion/07rich.html?_r=1 It is an interesting approach. But I would do him one better. I would suggest to Obama that he offers the Republicans a deal for the Bush tax cuts for those making more than $250,000. Offer to sign legislation for this […]
by Bruce Webb A year and a half ago I put up a post here called The Fierce Urgency of ‘Nothing’ whose conclusion was: “Nothing”. The numerically proven plan for Social Security since 1997. So you can imagine my gratification at running across the following by the co-author of the must read book from 1999 […]