Entries Tagged as 'Social Security'

$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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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 Has it Both Ways on Every Issue

September 13th, 2011 at 11:29 am 30 Comments

Last night’s debate showed that, in 2012, Rick Perry may be what Phil Gramm was in 1996: an overrated, negative candidate with a lot of money who goes nowhere very fast.

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Romney’s Task: Show Perry isn’t Electable

David Frum September 12th, 2011 at 9:44 am 67 Comments

Republicans watched Rick Perry’s stumbling, unprepared performance in last week’s debate – and decided they were watching a president in action.

The latest CNN/Opinion Research poll has Perry at 32% among Republicans nationwide, Romney tumbled deep into second place at 21%. (If Palin entered the race, Perry would still lead Romney 30-18, with Palin drawing 15%.)

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The Mother of all Unforced Errors

September 8th, 2011 at 4:35 pm 75 Comments

During the September 7th Republican Presidential debate, healing Gov. Rick Perry of Texas repeated an earlier assertion of his that Social Security is a Ponzi Scheme. Read that again: in the age of Bernie Madoff, Rick Perry called Social Security a Ponzi Scheme.

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Perry’s Goldwater Gambit

September 8th, 2011 at 3:22 pm 33 Comments

Over at Contentions, John Podhoretz says that “Perry’s handling of the [Social Security] question was crude last night.” However, he adds,

Perry’s critics are foolish — including Mitt Romney’s team — to imagine that a candidate who says Social Security is unsustainable in its current configuration — and that it needs to be changed if today’s 25 year-olds are to receive any kind of benefit — has traveled beyond the pale.

But of course, Mitt Romney didn’t say that in last night’s debate. In fact, he said the exact opposite of what Podhoretz alleges.

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Res Judicata: Perry’s Faux Federalism

September 6th, 2011 at 12:30 am 16 Comments

Is Rick Perry a real supporter of federalism? I have my doubts.

As I wrote last week, help the concept of federalism is based upon the allocation of powers between the federal government and the states. Article I §8 enumerates the specific subjects reserved for Congress. The Tenth Amendment leaves legislating about everything else to the states. At least that was the original intent of the founders.

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Memo to GOP: Don’t Run on What Voters Don’t Want

September 1st, 2011 at 1:08 am 56 Comments

With the national debt skyrocketing, a faction on the right is hoping to turn the 2012 election into a debate on entitlement reform. No doubt, many Democrats are hoping the very same thing.

Democrats would view that development as a chance to gain politically, while some Republicans would see it as a chance to demonstrate their purity.

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What Sort of Democrat Was Rick Perry?

August 25th, 2011 at 12:43 pm 24 Comments

Texas Governor Rick Perry has been under criticism for comments he made in his book Fed Up! and in an interview regarding Social Security and Medicare. In these comments, he stated that such programs were bad public policy and were possibly unconstitutional. His campaign has backpedaled a bit from these comments, with the Wall Street Journal reporting that:

But since jumping into the 2012 GOP nomination race on Saturday, Mr. Perry has tempered his Social Security views. His communications director, Ray Sullivan, said Thursday that he had “never heard” the governor suggest the program was unconstitutional. Not only that, Mr. Sullivan said, but “Fed Up!” is not meant to reflect the governor’s current views on how to fix the program…The book, Mr. Sullivan said, “is a look back, not a path forward.” It was written “as a review and critique of 50 years of federal excesses, not in any way as a 2012 campaign blueprint or manifesto,” Mr. Sullivan said.

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