Tag: "entitlement reform"

If the Trustees’ Reports Hold Such Great News, Why Where They Not Released Until Now?

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 […]

Here We Go Again…the State of the Union

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 […]

EPI States the Obvious in a New Report About Retirement Savings

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 […]

Are Millennials Ready for Social Security Reform?

Government is very good at crowding out private sector activities.  When government borrows, it can cause interest rates to rise and crowd out more productive private sector borrowing.  When government expands welfare programs to help the hungry and homeless, the effect is the crowding out of individual giving to more efficient private-sector programs.  And decades […]

The United States of Cyprus: Will American Retirement Accounts be Raided?

cheap cad software p>As I skimmed through a copy of the president’s 2014 budget, which by the way, is chock full of fluffy spending at the expense of the taxpayer, I caught site of an interesting proposal regarding retirement accounts.   Let me back up a bit and rephrase myself — I caught sight of a “hair-brained […]

Reforming Social Security: The Case for Progressive Price Indexing

best antivirus software for mac p>In light of all of the worrying about sequestration, entitlement reform – of course – goes undiscussed.  While trimming around the edges of discretionary spending has sent people into a panic, the $100 billion in cuts are a drop in the bucket compared to the growing expenditures of the mandatory spending programs […]

Worse Than I Imagined (Part I)

Social Security and Medicare are grand Ponzi schemes that make Bernie Madoff’s operations look like petty theft. They discriminate against black males especially because they pay into the system on every job they have, but many die of health problems and violence long before they collect a dime in benefits. Middle and higher income Americans […]

How Do We Really Feel About Taxing the Rich?

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 […]

Measuring Poverty

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 […]

Climbing the Fiscal Mountain

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 […]