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

Does the Club for Growth Understand Growth Theory?

Louis Woodhall writes in The Real Social Security Crisis is Economic Growth: The Trustees of the Social Security Administration assume (in their “Intermediate” case”) that over the next 75 years, the U.S. economy will grow at an average “real” rate of 1.9%…America can’t live on a “starvation diet” of 1.9% real economic growth. Over the […]

National Review Defends Bush Deficits Again

Brian Riedl writes over at the National Review: America’s debt burden is actually below the post-World War II average. In fact, it’s lower than at any time during the high-flying 1990s…A better measure is the federal government’s debt ratio, calculated as the total federal publicly held debt as a percentage of America’s annual income (the […]

From The Archives

From a 2/5/2004 post: Here’s a proposal I’d like to see analyzed: means-tested matches, on a sliding scale, to Roth and Traditional IRA contributions, with EITC recipients getting some amount match-free. Amidst all of the talk over privatization, I’ve yet to hear much along these lines. But this is a form of “ownership society” I […]

Donald Luskin – Liberal

Seems the DONALD has been fielding the tough questions on Social Security reform with some interesting answers: Q1: How will the transition costs be paid for? A1: We can be sure the poor won’t pay any transition costs, because poor people have no resources with which to pay them. Q2: How will he guarantee the […]

Mitch Daniels: Liberal

Indiana’s governor is Mitch Daniels. Indiana has a budget deficit. So Fox News reports that Governor Daniels said: I ask the most fortunate among us, those citizens earning over $100,000 per year, for one year, to pay an additional 1 percent on the income they receive. The Club for Growth is not happy.

Luskin’s Thesis: Putting Things into Perspective

Not to beat a “dead horse”, but AB is right about Luskin’s thesis, which by his own subtitle was “the truth about Social Security even eludes the supposed truth-seekers”. Luskin dares to say others were misleading the public and then he goes on to lie to them. OK, he corrected his lie and now his […]

Tech Support

Lately, when I view this blog (other blogs look fine) using my preferred browser, Firefox, some characters aren’t recognized: If anyone knows why this is happening and how to fix it, I’d appreciate the tip. AB UPDATE: Thanks, it’s fixed! As many commenters suspected, the problem was with the character encoding.

Luskin Update

By way of updating the earlier post pointing out the unacknowledged edits that Luskin and/or NRO made to Luskin’s article, I see that at some time between when I wrote the Before and After post (late Tuesday night) and noon Wednesday, an acknowledgement of sorts was added to the NRO site (original column here; revised […]