Summary: Here we have a wonderful example of the cacophony that takes the place of political debate in the New America, in this case about Social Security. It's one of the simpler issues facing us: a moderately predictable and fully controllable stream of benefits vs. government revenue -- mostly income taxes; some graduated ("income taxes") … Continue reading Cacophony about Social Security shows our real political dysfunctionality
Summary: Here are some ugly numbers for August from the Chief Actuary of the Social Security system. This is a follow-up to Beginning of the end of the Republic’s solvency. Soon come the first steps to a reformed regime – or a new regime. (14 August 2009). Contents Monthly cash flow in 2009 for the US Social Security Administration … Continue reading Update on our government’s deteriorating solvency
Summary: Home truths about America's health care system. It cannot long continue in its present form, and no substantial reforms appear likely until a crisis. At the end are links to other posts about this issue. . From a joint statement by the Social Security and Medicare Boards of Trustees, March 2009 The drawdown of … Continue reading Beginning of the end of the Republic’s solvency. Soon come the first steps to a reformed regime – or a new regime.