Robert Reich: Sixty years later, we boomers have a lot to be worried about because most of us plan to retire in a few years and Social Security and Medicare are on the way to going bust. I should know because I used to be a trustee of the Social Security and Medicare trust funds. Those of you who are younger than we early boomers have even more to be worried about because if those funds go bust they won’t be there when you’re ready to retire.
Adam Eran: As usual, McClintock ignores the actual biggest expansion in history. That occurred after the Clinton administration balanced the federal budget by raising the top rates a mere 3%. Neo-cons like McClintock, and Newt Gingrich gravely prophesied economic doom following these tax hikes, but again, as usual, history contradicts them.
CIS Event Exploits ‘Mind Boggling’ Health Care Reform To Promote Reduced Immigration. CIS and Rector aren’t likely to admit it, but the Congressional Budget Office estimates that, had the US legalized undocumented immigrants under the 2007 immigration bill, it would have generated $48 billion in new revenue from administrative fees and income and payroll taxes [...]
It’s no accident that as Congress returns this week from its two-week recess and begins debate on the $3.5 trillion budget plans for the fiscal year starting in October — which may or may not include a provision that fast-tracks Obama’s health care proposal by allowing it to pass the Senate with a mere majority [...]
Last week, the White House reaffirmed President Obama’s commitment to working on immigration reform during his first year as president. While Obama has made clear that fixing the economy is his number one priority, a summary of recent research released by the Immigration Policy Center (IPC) shows that fixing the broken immigration system could bring [...]