“I believe that in reality what has helped the less fortunate is economic growth. Today’s elderly are affluent not because of Social Security, but because of all of the wealth created by private sector innovation over their lifetimes. Government involvement in health care and education is an impediment to progress in those fields. Job training […]
Archive for the 'SocialSecurity' Category
Quote Of The Day
Published by in (modern day) Liberalism, Capitalism, Economics, Education, General, HealthCare, ModernPolitics, Poverty, SocialSecurity and Welfare. 0 CommentsQuote Of The Day
Published by in Economics, General, HealthCare, Poverty, SocialSecurity and Taxes. 0 Comments“If I were in charge of the budget, we would massively reform entitlements, transforming Social Security into a system of forced savings combined with a means-tested fallback for those too poor to save, or whose investments tanked at the wrong time. We would kill the whole Medicare/Medicaid debacle, along with the tax deduction for corporate-provided […]
Bipartisan Government Waste
Published by in Economics, Education, General, SocialSecurity, Taxes and University. 4 CommentsHere is a good list of spending cuts that both Republicans and Democrats can support:
Agricultural Subsidies: Everyone’s favorite whipping boy, and for good reason. These subsidies are a handout to rich farmers, and they raise food prices for everyone. $20 billion.
Social Security for the Well-Off: Social Security is not means-tested; people with substantial retirement income […]
“There are some issues where the views I hold are outside the mainstream. However, among economists, both on the left and the right, essentially everyone who looks at entitlement spending agrees that it would be helpful and appropriate to raise the age of government dependency. Yet we are told that this simple, common-sense solution is […]
Economics Debate: Stitching a New Safety Net
Published by in Debates, Economics, General, HealthCare and SocialSecurity. 0 CommentsThe Wall Street Journal has posted another economics debate. This time it is between Mark Thoma of EconomistsView blog and Andrew Samwick of Vox Baby blog, on the topic of Social Security, Medicare, and Health Care Reforms (No subscription needed for 30 15 days).
The debate can be found here.
My favorite parts:
We do several things […]
An Economists New Years Resolutions
Published by in Economics, FreeTrade, General and SocialSecurity. 4 CommentsGregory Mankiw, a professor at Harvard University and former chairman of President Bush’s Council of Economic Advisers gives us his New Years Resolutions:
CAMBRIDGE, Mass. — Now is a time when most of us sit back and reflect on the past year and on how to do better in the year ahead. Since I know, however, […]
Announcing The “Nonpartisan Social Security Reform Plan”
Published by in Economics, General and SocialSecurity. 3 CommentsAndrew Samwick, professor of economics at Dartmouth College, announces the creation of the “Nonpartisan Social Security Reform Plan”:
Along with Jeff Liebman of Harvard University and Maya MacGuineas of the New America Foundation, I am pleased to announce the “Nonpartisan Social Security Reform Plan.” Jeff was a Special Assistant to President Clinton’s National Economic Council, […]
Things To Keep In Mind When Discussing Social Security
Published by in Economics, General and SocialSecurity. 3 CommentsWill Wilkinson writes:
* The Social Security tax is regressive.
* The overall benefit structure accomplishes, on net, either no downward income redistribution, or a small amount of upward redistribution. (I.e., it is either close to a wash, or regressive, redistribution-wise.)
*The system is structured to disadvantage current workers over current retirees, and is thus invalid as a […]
George P. Bush On Social Security
Published by in Economics, General, Hispanics (Minority Issues) and SocialSecurity. 4 CommentsThe President’s nephew, George P. Bush makes a lot of sense in his article in the DallasNews on social security:
George P. Bush: Lawmakers can’t ignore Social Security problems
A generation’s future hangs in the balance
If you’re in your 20s or 30s, why should you care about retirement when it’s more than three decades away? Because […]