social security

The GOP and Small Businesses

Kansas Governor Sam Brownback had championed the largest tax cuts in the state's history, eliminating taxes on non-wage earnings for nearly 200,000 small businesses. Just like all Republicans these days, Brownback had made cutting taxes and shrinking government the centerpieces of his government. Now the great State of Kansas has a huge projected budget shortfall.

Why do Republicans Hate Social Security?

Here's Charles Krauthammer (the Fox News pundit) writing for the Washington Post -- "Some in Congress are talking about a 10- or 20-cent hike in the federal tax [on a gallon of gasoline] to use for infrastructure spending. Right idea, wrong policy. The hike should not be 10 cents but $1. And the proceeds should not be spent by, or even entrusted to, the government.

Should Billionaires be Taxed for Social Security?

Everybody is picking on the multi-billionaires. The beggars (aka "the takers") are always holding out their hand and constantly demanding more — a living wage or a minimum wage, healthcare insurance, paid sick days, vacation days, safety regulations, equal pay for women, pension contributions ... the list goes on and on. When will it ever stop? And can multi-billionaires even afford these unreasonable demands without tanking the entire economy?

Graphing American Wage Statistics Is Not a Pretty Picture

The rich get richer and income inequality in America continues to grow in 2013.  The wage situation improved from 2012, but it's still pretty bad.  The median wage was $28,031.02 in 2013 a paltry 1.9% increase from 2012.  While the ratio of median wage to average wage improved, the 110 super rich are now earning 2595 times more than average workers.

Bye Bye Chained CPI and Other Budget Surprises

The Obama administration is finally abandoning their endorsement of chained CPI for next years budget.  The reason is probably not good economics, but political.  Election season is near and this is just one of many policies the Obama administration endorsed which raised the ire of the retired.  A refresher, chained CPI is another method to adjust for cost of living increases at a reduced rate than what is currently used, CPI-W.

Fifty Years Later the War on Poverty Is Lost

Fifty years ago Lyndon B. Johnson declared War on Poverty.  Great strides were made.  Between 1964 and 1965 Medicaid and Medicare were enacted, food stamps made permanent, a flurry of work and volunteer grants were passed, and educational opportunities were made more egalitarian.  Unfortunately later administrations have been tearing apart Johnson's weapons against poverty one by one.

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