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

Reading the Social Security Report: "What is crisis? In context?"

The first link is to the 2011 Report and is meant as a teaching tool. The Table shows projected income, cost, and balance projections over what the Trustees consider the ‘short term’, which is the same ten years used by OMB and CBO in their scoring. Table IV.A3.—Operations of the Combined OASI and DI Trust […]

Estimated returns from the MLR (administrative costs to medical costs)

Bruce Webb on Angry Bear was among the first of bloggers to point out that this aspect of the Medical Loss Ratio begins in 2009 and  here and points again to the MLR as it comes into play. A non-profit group estimates if the Affordable Care Act provisions had been effect in 2010, U.S consumers would […]

Fiduciary duty and self-interest

Lifted from comments from Linda Beale’s post Graphs Show It Clearly–the richest are much richer and most of us are poorer discussing the main points and data from David Cay Johnston’s Reuters article The richest get richer is Bruce Webb’s thinking on how the American market system was designed over time:Defenders of Goldman who base […]

Rush Limbaugh Says Tax Money Pays For Students’ and Employees’ Jogging Pants As A Welfare Entitlement

Seriously.  In the rambling press release that he self-styled an apology to Georgetown U. law student Sandra Fluke for calling her a slut and a prostitute, Limbaugh groused: Amazingly, when there is the slightest bit of opposition to this new welfare entitlement being created, then all of a sudden we hate women.  He then explained […]