Money and Computing
A Subject for the Next Debate? A New CBO Report on Social Security's Funding Gap
In calendar year 2010, for the first time since the enactment of the Social Security Amendments of 1983, spending for the program exceeded its dedicated tax revenues. In 2011, spending exceeded dedicated tax revenues by 4 percent, and that gap is growing. CBO projects that over the next decade, spending will exceed dedicated tax revenues, on average, by about 10 percent. more »
The Endeavour Day: FDR's Evolving Approach to Fiscal Policy in Times of Crisis
"We have come to a clear realization of the fact that true individual freedom cannot exist without economic security and independence. To many who have pleaded with me for an immediate balancing of the budget, by a sharp curtailment or even elimination of government functions, I have asked the question: 'What present expenditures would you reduce or eliminate?' And the invariable answer has been 'that is not my business -- I know nothing of the details, but I am sure that it could be done.' That is not what you or I would call helpful citizenship." more »
Asking the Question: Have You Ever Used a Government Social Program?
John Wihbey writes: Programs included the Home Mortgage Interest Deduction; the HOPE and Lifetime Learning Tax Credits; Child and Dependent Care Tax Credits; 529 (Qualified Tuition Program) or Coverdell Education Savings Account (education IRAs); the Earned Income Tax Credit; and “usage of student loans and employer subsidized health and retirement benefits.” more »
Dirty Little Not-So-Secrets: The National Political Discourse
Doris O'Brien writes: Freedom of speech has in too many instances become freedom to offend, and, as a result, entering the mass media discussion comes with gut-wrenching risks. Be prepared to be brutally insulted by those who disagree with you. Brace yourself for bombast, rudeness, ridicule and downright lies. more »