…cement plant. Which is to say Social Security not only earns whatever return it gets directly on the bond, it also captures 12.4% of every contract dollar that ultimately goes…

…proposal to extend the life of Social Security is fully consistent with the spirit of Social Security, just as the elimination of the payroll tax cap for Medicare has not…

…First LMS proposes a 1.5% across the board increase in payroll tax all of which gets put into the PRA. Additionally it proposes a partial lifting of the payroll cap…

…Fund as opposed to FICA to keep interest on interest from bloating the TF. This is incidentally why cutting benefits or increasing revenues by such measures as raising the cap…

…income and capital rates. They’ll also pay in the future as neglected infrastructure will need government investment. And as PGL eluded to, when the federal government cuts funding to the…

The NYT reminds us of continuing concern of ice melt. The Arctic ice cap shrank so much this summer that waves briefly lapped along two long-imagined Arctic shipping routes, the…

…following email request from an entrepreneurial young Indian businessman from New Delhi : “Greetings from somewhere over Azerbaijan . I am on my way to Germany for a trade show…

Barkley is not buying the Dark Matter argument: I do not buy this. We are the biggest net debtor in world history, however you count cap gains and all that….

…Here the official story becomes murky. Part of the answer is that the US benefited from about 1.6 trillion dollars of net capital gains so that instead of owing 4.1…

…Dr. Samwick writes: The plan contains four primary elements: a gradual reduction in future benefits; an increase in the payroll tax cap; an increase in the retirement age; and the…