Because the news in them is not that great. Consider: Social Security (OASDI). Total unfunded liabilities into the infinite horizon are $24.9 trillion. (To learn more about unfunded liabilities, read the NCPA piece by Laurence Kotlikoff.) This includes Social Security, Supplemental Security and Disability. Including the “trust fund” as a liability (and it is since it […]
Tag: "entitlement reform"
It’s that time again. For those of you who missed the SOTU last night, here are a few highlights of some eyebrow-raising claims and questionable statements: “Upward mobility has remained stagnant…” If the meaning is that upward mobility has not changed, the president is correct. But the term “stagnant” is normally associated with something that is negatively stubborn, such as […]
A new report by the Economic Policy Institute rehashes what many already know about retirement savers. This is no surprise coming from an organization that has opposed self-savings initiatives and has instead supported the entitlement status quo. The EPI’s report shocks and awes with charts and graphs showing the savings disparities between rich and poor, black […]
Last month the National Bureau of Economic Research released a working paper that explored some of the more puzzling disconnects between the harsh realities of U.S. tax progressivity and how the public views fair taxation. Matthew Weinzierl of the Harvard Business School argues that modern tax research is the result of utilitarian assumptions. This means […]
Special blog post by Lewis Warne, an NCPA research associate. In 2011 Congress defunded the Supplemental Poverty Measure (SPM, an). The SPM is an alternative to the Official Poverty Measure (OPM) that has been used since the 1960s. The goal of the SPM is to provide a more comprehensive picture of poverty by including factors left out […]
Note: Guest blogger Lewis Warne, an NCPA research associate, gives his thoughts on the fiscal cliff…or is it a mountain? The fiscal cliff looms ahead, but the fall is so far only because we blindly walked up a mountain of spending. Over the past 30 years there has been a severe lack of fiscal foresight and […]