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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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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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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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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Hey Conservatives, Chile Has a Mandate!

September 12th, 2011 at 12:05 am 100 Comments

Conservatives don’t usually call for the US to emulate other countries when it comes to public policy, but one exception to that rule is Chile. The story of how Milton Friedman’s “Chicago Boys” turned Augusto Pinochet’s military dictatorship into a laboratory for successful free market policies which in turn lead to democracy is a milestone in the history of conservatism. At the September 7th GOP debate, presidential candidate Herman Cain specifically cited the “Chilean Model” of privatizing social security as a policy worth implementing.

So how many conservatives know that Chile’s privatized social security system makes use of a mandate to purchase private insurance in a regulated market, much like the tyrannical Romneycare and Obamacare?

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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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