Will we keep the ‘social’ in Social Security?

“There is no more important domestic issue on which we have to have a national consensus than social security, because it affects just about all of us either as current beneficiaries or current taxpayers. Continuing the minimum benefit for present beneficiaries reflects a bipartisan consensus, which I strongly support.” ~ Ronald Reagan, December 29, 1981

Subsequent to that time, interfund borrowing ensued as what was supposed to be a temporary solution to fix financing difficulties faced by the Social Security program.… [Read more]

No Fiscal Cliff Decision: When No News Could Be Good News

Bah Humbug. There’s nothing like financial uncertainty during the holiday season — and that’s what this nation is facing. Political leaders are on vacation but holidays in the nation’s capital don’t feel different from any other time of year ; not much of anything gets accomplished.  Our dysfunctional system is one in which the only time gridlock ever ceases is when there’s no activity at all.… [Read more]