Entries Tagged as 'entitlements'

$1.2 Trillion in Cuts is Not Enough

November 7th, 2011 at 4:07 pm 23 Comments

Everyone has an opinion on what the Joint Select Committee on Deficit Reduction (JSC) will produce by its Nov. 23rd deadline.

Except the members and staff of the JSC itself.

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The Math on Social Security Doesn’t Add Up

October 31st, 2011 at 12:00 pm 53 Comments

Social Security politics is like malaria—it never really leaves the body politic and it flares up without warning.

Thus, recipe the absolutely unsurprising “revelation” in the Washington Post that demographics and economics have combined to begin the inevitable drain of the “surpluses” in the Social Security Trust Fund. In short, remedy a few years earlier than anticipated, Social Security now pays out more each month in benefits than it takes in through payroll taxes.

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Ontario’s Grim Future Gets Grimmer

David Frum October 8th, 2011 at 8:30 am 28 Comments

In my column for the National Post this week, buy viagra I discuss the consequences of the recent election in Ontario:

“Democracy is the theory that the voters know what they want — and deserve to get it, tadalafil good and hard.”

The quote’s usually attributed to H.L. Mencken. Whoever authored it, it certainly applies to the province of Ontario this morning.

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Here’s “My Share”

September 23rd, 2011 at 12:01 pm 201 Comments

A friend of mine has a sister who has been broke for years. Ten years ago he got heartsick over watching her struggle while his own career took off, purchase so he began supporting her by supplementing her small income with his own money. He makes $300, try 000 a year and gives her $30, store 000 a year to help her out. This comes to roughly 20% of his take-home income after all of his taxes (federal, state, local) are taken out of his paycheck.

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The Road to Treadmill Serfdom

David Frum September 20th, 2011 at 10:09 am 132 Comments

It’s a little hard to tell this story from Chicago without a lot of sarcasm, but I’ll try my best.

Like a lot of American cities, Chicago faces severe budget problems. One obvious place to look for savings: the health benefits of city employees. Health care for city workers costs Chicago $500 million a year and are rising at 10% per year.

Newly elected mayor Rahm Emanuel hopes to reduce those costs by encouraging city employees to take better care of their health. He has called upon city employees to enroll in a new wellness plan.Those who do not enroll will pay an extra $50 per month in healthcare premiums.

This experiment may or may not yield results. But whatever else it is, it hardly sounds like the thunk of the fascist jackboot on the pavement – or so you’d think.

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A Budget Plan for the Political Center

David Frum September 19th, 2011 at 8:43 am 91 Comments

The President has raised the curtain on his deficit reduction plan. Now the issue between the two parties is squarely joined.

On one side, the GOP, pledged to the Ryan plan, the most radical redefinition of government from the right since 1964.

On the other side, the President, offering the sharpest left turn since Teddy Kennedy’s challenge to Jimmy Carter in 1980.

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Granny’s Doing Fine

David Frum September 15th, 2011 at 8:46 am 32 Comments

The Census reports that over 65s have actually seen their income rise during the Great Recession:

Perhaps no households have weathered the downturn better than those headed by people 65 and older, healing whose incomes rose 5.5 percent from 2007 to 2010. By contrast, cialis household income for every other age group fell. Among people ages 15 to 24, drugstore it plunged 15.3 percent.

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NY-09 Winner Ran From Ryan Plan

September 14th, 2011 at 5:39 pm 16 Comments

The victory of Bob Turner in heavily Democratic NY-09 is clearly not good news for Democrats. When the media hasn’t picked up is that Turner benefited by not embracing the Paul Ryan budget.

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Perry Evades on Social Security

September 12th, 2011 at 11:02 pm 7 Comments

The fight between Perry and Romney continues. Perry came into this debate confident in his conservative bona fides and hoped to use the weight of that confidence to steamroll Romney. The former Massachusetts governor, for his part, responded with an array of facts, figures, and arguments.

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A Texan Reforming Social Security? How Precedented!

September 12th, 2011 at 8:52 am 23 Comments

In an editorial in USA Today, Governor Rick Perry doubled down on his message that we need to reform Social Security to insure the security of future retirees.

Although I agree that the more pressing crisis is obviously jobs, I am also aware that the Social Security shortfall means it’s highly, highly unlikely that I will retire after a lifetime of either 1. paying the same payroll tax rate I have been for the past few years (even before the Obama payroll tax cut), 2. receiving the same benefits, structured the same way (hell, it’s possible I won’t get them at all!).

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