Posted on August 15th, 2008 by Kip
How much political courage does it take for a presidential candidate, who could serve no more than eight years in office, to assure America that nothing will be done about a problem for ten years? Barack Obama's presidential campaign said on Thursday a potential hike in payroll taxes for wealthy Americans under an Obama administration [...]
Filed under: Politics, Social Security, Taxation & Fiscal Policy | Comments Off
Posted on July 21st, 2008 by Kip
To review: Health care, like any other good or service, is scarce and must therefore be rationed. The only question is how it will be rationed: by private market forces as determined by patients, physicians (and, yes, insurance companies) — or by politicians and bureaucrats. The inability to see this simple economic truth — that [...]
Filed under: Libertarianism, Social Security, Socialized Medicine | 1 Comment »
Posted on June 16th, 2008 by Kip
Barack Obama has, as was widely expected, introduced a proposal to lift the cap on wages subject to Social Security tax, but with an exemption — often referred to as a "donut hole."
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Posted on August 29th, 2005 by Kip
Only don't tell me you're innocent. Because it insults my intelligence, and makes me very angry. –Michael Corleone, "The Godfather" Of all the lies that Social Security obstructionists such as Paul Krugman, Angry Bear and the AARP like to repeat, the worst is of course the fraud of the "trust fund" — a piggy bank [...]
Filed under: Social Security | 5 Comments »
Posted on August 14th, 2005 by Kip
In acknowledgement of Social Security's seventieth anniversary, here's a blogpost of mine that was originally published on January 27, 2005. — Sometimes opponents of Social Security reform take this sort of tack: "Yes the system faces some challenges based on the demographics of the Baby Boom, but that's temporary. The system itself is a success [...]
Filed under: Social Security | 4 Comments »
Posted on January 27th, 2005 by Kip
Sometimes opponents of Social Security reform take this sort of tack: "Yes the system faces some challenges based on the demographics of the Baby Boom, but that's temporary. The system itself is a success and should not be fundamentally changed." Does this look like a success to you? Year. . . . . . OASDI [...]
Filed under: Social Security | 1 Comment »
Posted on January 22nd, 2005 by Kip
It was only after Microsoft Money updated my accounts online this morning that I realized: I forgot that yesterday was "If-Only Day." Shucks. "If-Only Day" is that annual festival when my employer pays me its cash-balance pension contribution into my 401(k) account. To elaborate: in the not-so-good old days, workers were chained to defined-benefit pensions, [...]
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