Social Security
Financial columnist Michelle Singletary pauses amid the economic crisis to give a hard kick to the notion of privatizing Social Security as a method of preserving its long-term prospects. The column resists selective quoting, so I recommend that you read the whole thing, but the essence is that Singletary describes retirement planning as a three-legged…
Alex Epstein rightly decries the fraudulent premises of Social Security: Social Security is commonly portrayed as benefiting most, if not all, Americans by providing them “risk-free” financial security in old age. This is a fraud. Under Social Security, lower- and middle-class individuals are forced to pay a significant portion of their gross income — approximately…
Nobody wants to upset the imposing beast of a retiring Me Generation, and Froma Harrop joined that nobody with her Sunday column: What should we do about Social Security? “I would just say, ‘Let’s sit on this,’” Baker answers. If come 2030 Americans see problems looming, he adds, “we can do something.” Much could change…
The very first time I lost a critical portion of my income, I did look into the possibility of catching the edge of Rhode Island’s safety net to keep my family from sinking further into the debt that continues to prevent our eyes from turning to the financial future. Now, I haven’t even bothered to…
By the way, while we’re on the subject of the URI College Republicans, I’d like to propose a new format for the Social Security Bake Sale that they hold as part of “Coming Out Conservative” week. Social Security Bake Sales are supposed to point out the unfairness of exsting social security system by requiring underclassmen…
Senator Lincoln Chafee is once again trying to pass off his preference for high tax rates as “fiscal responsibility”. This is from a recent press release on the Senator’s campaign website…Leading deficit hawk, U.S. Senator Lincoln Chafee today joined with Senator Bill Frist and Senator John McCain to co-sponsor legislation that will help get federal…
Peter Byrnes of the Liberty Files blogsite notes another clear example of the hypocrisy behind the NEA teachers’ union political positions, this time on Social Security reform: In any case, I heard on Bill Bennett’s “Morning in America” today that the NEA has stepped outside education to oppose any privatization of the Social Security system.…
Watching the President’s press conference, I’ve reached one clear conclusion. Middle-aged reporters making six-figure salaries don’t care about the future of social security.
Some high-profile Democrats are coming to Rhode Island this weekend. The occasion: a rally to drum up political support for social security tax increases and/or benefit cuts targeted to impact younger citizens, the only programs the Democrats support. Will anyone at the rally ask what younger voters will be getting in return for being forced…
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