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

Blogroll Update

New to the blogroll: The Dead Parrot Society, a group blog written by assorted professionals. Looks like some smart stuff, even if one of the writers takes exception to the points in my Social Security post. (By way of a quick rebuttal, Dead Parrot Victor writes Keep in mind that average workers who retire in […]

Prescott on Privatization of Social Security

George Bush should consider Edward Prescott as Greg Mankiw’s replacement at CEA. Prescott has been defending Bush’s tax cuts even without Karl Rove standing over his shoulder and now this via Will Willkinson: Readers of this page will recall that I have made this proposal in a previous essay, but readers may also recall a […]

Social Security Part I: Insurance and Risk Premiums

Much of the Social Security ground has already been covered. For example, one well-established fact is that there is no Social Security crisis (the Daily Howler has also been very good on this point.) If nothing is changed and economic growth turns out to be in the fair to middling range then the trust fund […]

DeMint’s Social Security Proposal

Josh Marshall has been offering updates on the Democrat’s Fainthearted Faction including this suggestion that Harold Ford has become the Dean (his 12/23 post). These Democrats seem to be reviewing a Social Security deform proposal by James DeMint (R-South Carolina) since President Bush refuses to tell us what his plan would be. In many ways, […]

All Publicity is Good Publicity

Right? Bruce Bartlett gives his annual overview of assorted and sundry blogs, including this one: Another lefty web site that I read regularly is someone known only as “Angry Bear.” I don’t know who he is, but he offers sophisticated commentary by an economist with a left wing perspective. He is very good at poking […]

Low Savings Rate: Myth or Scare?

The clown show at the National Review would have you believe that national savings has not been harmed by the fiscal recklessness of the Bush Administration. Its most recent offering is from guest contributor John Tammy who writes: The Wall Street Journal’s David Wessel wrote last week that “American people, businesses and government don’t save […]

Pell Grants

Republicans often emphasize the role of incentives. Bush says education is the key to having good jobs in the future. Both valid points. Now I understand the need for fiscal restraint, but why start here?

Just Plain Weird

Go to this post at James Poling’s Blog, watch the relevant portion of the video, and then let me know if you can come up with a reasonable explanation. Seriously, I’d feel much better if you could. AB

Bipartisan Opposition to Bush’s Soc. Sec. Proposals?

I could say WHAT proposals, but there is some good news in this AP story: WASHINGTON (AP) — For President Bush to succeed in his drive to let workers put part of their Social Security taxes in private investment accounts, he’ll have to persuade Republicans like Rep. Ray LaHood to vote for it, and that […]

Frank Luntz – expert extraordinaire?

Via Daily Howler we see that Tucker Carlson thinks a poll from Frank Luntz is a substitute for a real analysis as to the solvency of Social Security: CARLSON: Iwant to put up probably the most famous poll ever taken on Social Security. It was taken 10 years ago. But I think it says something […]