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    The End of Social Security As We Know It?

    Barack Obama argues that his tax rebates, many of which will go to households paying no income tax will “offset the payroll tax they pay,” and are, therefore, not welfare. But there are two big problems with this line of argument. First of all, Social Security taxes (the main part … More

    Al Gore Is Racist, Says Columnist

    We’ve never met Al Gore. So how do we know he is racist? Because the Washington Post’s Harold Meyerson told us so. Remember Al Gore wants to save Social Security and Medicare by putting all payroll taxes in a “iron-clad lockbox where the politicians can’t touch them.” How is this … More

    Morning Bell: Preventing the Biggest Bailout of All

    The bailout parade is continuing unabated in Washington this week. On the heels of a $25 billion bailout for the automotive industry, the Bush Administration agreed yesterday to a $4.3 billion bailout of Massachusetts’ out of control health care spending. Apparently when numbers like $700 billion are being thrown around, … More

    Bureaucracy Won't Drive Change in Health Care

    Make a list of the things you think government does really well. Almost everyone can agree it is pitifully short. Why, then, would we want government to run something as important as health care? The argument for a federal solution to affordable health care assumes the feds will do a … More

    The Medicare-Subprime Parallel

    Former Comptroller General of the United States and Fiscal Wake-Up Tour star David Walker outlines how our impending entitlement crisis parallels the current subprime mortgage mess in the Financial Times: … a lack of transparency facilitated the crisis. Banks and other financial institutions created off-the-books entities so that regulators would … More

    Spending Explosions, not Tax Cuts, Driving Deficits

    Last week the Congressional Budget Office reported that the federal deficit will reach $407 billion this year. This actually is not as groundbreaking as it sounds. The best way to measure budget deficits is as a percentage of GDP, the 2008 budget deficit is 2.9% of GDP compared to 30.3% … More

    Tomorrow's Local Government Pension Crisis is Here

    When it comes to retirement and pension benefits, federal, state, and local government officials have all been humming the same mantra: never pay for something today if you can put off paying for it until tomorrow. Unfortunately, tomorrow is here. The federal government is on the hook for $41 trillion … More

    No Change Coming in Tax Policy

    MINNEAPOLIS – Economic advisers from both Barack Obama and John McCain’s campaigns squared off in a panel on tax policy this afternoon, and the consensus among the non-partisan members of the panel was that no matter who wins, Americans should not expect any major changes in tax policy. After both … More

    Why America Is Evolving Toward Government-Run Health Care

    Today the U.S. Census Bureau released its annual estimate of the uninsured. For some, it came as a surprise that both the rate and number of people without health insurance actually declined, from 47 million, or 15.8% in 2006, to 45.7 million, or 15.3% in 2007. For those of us … More

    Morning Bell: Mainstreaming Medicare

    DENVER — The air of excitement among progressive activists really is palpable here at the Democratic National Convention. Their supreme confidence that they will win the White House has been shaken a little, but they still believe Barack Obama will prevail and they are certain they will strengthen their majorities … More