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

Alan Greenspan Forecasts Extremely Low Economic Growth for Germany, Finland, Norway, Denmark, Sweden, Holland and Canada

Alan Greenspan, the former chairman of the Federal Reserve, weighed in last week on one of the pressing issues facing the incoming Trump administration and the country — slow economic growth. Greenspan’s explanation is novel and bound to be controversial. To preview: He blames the welfare state and overall uncertainty for the slowdown. … By […]

Instead of nominating Marco Rubio, the Republicans should just cut out the pretense and nominate his doppelgänger: Charlie McCarthy

Bill Clinton had a line during his 1992 campaign that he said, mantra-like, so often in fact that eventually it lost its meaning and was just a cringe-inducing song-like chorus.  The line, the slogan, was, “People who work hard and play by the rules.”  It was—until he repeated it to a point well beyond when people […]

2015 Social Security Report Release Day (w/updates)

At 1:30 EDT the Trustees of Social Security will hold a media availability at which they will release the 2015 Social Security and Medicare Reports. If past practice holds the Reports will be released on line at or before that time in both a web (HTML) format and in PDF. Assuming past file name conventions […]

Rick Perry Says Social Security and Medicare Were Given to Us by God. Seriously. [Addendum added.]

The things we have in this country were given to us by God, not by government. — Perry: Government isn’t your savior, Nick Gass, Politico, today Social Security and Medicare were given to us by God?  Who knew? The highway system, sewer and water systems, airports and air traffic control, operation of shipping ports, public […]

In the ‘Be careful what you wish for’ category …

Is it just me, or did Joni Ernst just effectively announce that she wants to kill farm subsidies?  Of course, how effectively she announced it will depend on whether her opponent, Bruce Braley, picks up this ball and runs with it. Although maybe she’s talking about something else she thinks is pork. Be careful what […]

Repeal LyndonJohnsonCare?

While I was reading an article on the web this morning from my phone, up popped one of those incessant anti-Obama/anti-Obamacare “take-a-survey” ads—one of those little square red-and-white-bordered things with a goofy-looking picture of Obama on it.  My laptop software blocks these things, so I was lucky enough to have not seen one of those […]

Medicare does “NOT PAY FOR ITSELF”

In the comments section of an earlier post 1/3 of Medicare Spending is Wasted, I had stated to everyone, “Medicare does NOT PAY FOR ITSELF.” This is what I meant by that comment: “For more than a decade the the federal government has borrowed to pay for the rising cost of Medicare. Debt-financing of Medicare […]

1/3 of Medicare Spending is Wasted

Urban Legend— You write: That claim that one-third of Medicare spending is wasted sounds pretty questionable to me.” This is your opinion. If you had spent the last 20 years working as a medical researcher investigating unnecessary treatment, your opinion would be of great interest to all of us; but, I’m assuming you have not […]

CBO Releases 2014 Long Term Budget Outlook

2014 Long Term Budget Outlook (pdf 64pp) While we are still waiting on the 2014 Social Security Report we do have today the release of CBO’s annual Budget Outlook which among other parts does include a chapter on Social Security. I plan to extract and post some Tables from it but in the meantime people […]

Julie Boonstra, Americans for Prosperity, and the Triangle Shirtwaist Factory Fire Trial

The Tea Party group Americans for Prosperity has now released its factual documentation for its misleading ad featuring Julie Boonstra, a Michigan woman stricken with Leukemia who suggests Obamacare forced her to take on a new plan that is now “unaffordable.” The ad has been widely pilloried ever since Glenn Kessler discovered that her premiums […]