“Fixing” Social Security
The Social Security tax was enacted in 1935 with only a 1% deduction on the first $3000 of wages. Today, the tax rate has climbed to 12.4% of the first $106,800 of income, resulting in ....
John A. Parnell, Ph.D.
The Social Security tax was enacted in 1935 with only a 1% deduction on the first $3000 of wages. Today, the tax rate has climbed to 12.4% of the first $106,800 of income, resulting in ....
The headline in my local paper (The Morning News) was an eye-catcher: S.C. AIMS TO KEEP MILLIONS—STATE RACES TO KEEP $75 MILLION IN FEDERAL FUNDS FOR SPECIAL EDUCATION. The story opens, “South Carolina has lost ....
Economist Alan Blinder wrote an op-ed in the June 21 Wall Street Journal entitled, "The GOP Myth of 'Job-Killing' Spending." He opened by citing Keynes—no surprise here—and then stated the following: Right now, I'm worried ....
Neal Boortz and John Linder officially introduced their version of a national sales tax—the FAIRTAX—in 2005. It’s been one of the most demagogued political issues ever since. With the 2012 election season upon us, it’s ....
Debating with the left is a mixed bag. Many liberals are so wedded to their positions that alternative logic and reason is simply meaningless. Discussing economics and politics with so-called moderates can be equally frustrating, ....
Do you remember Obama’s Car Allowance Rebate System (CARS), aka CASH FOR CLUNKERS? Participants in the program received a $3500-$4500 government cash voucher when they traded in their “gas guzzler” for a more fuel efficient ....
Is raising the debt ceiling essential to our fiscal future? Well, the complete explanation is not what you might expect. Let’s start with a quote from The Hill: Congress doesn’t have to raise the debt ....
Managing an economy effectively is an impossible task. This is precisely why Congress and the Fed should quit trying. The recovery Vice President Biden has been referencing since summer '09 just hasn't materialized. There have ....
When you hear the President talk about the need for a “balanced approach” to deficit reduction, he really means a combination of tax increases on the “rich” and modest if any real cuts in spending. ....
I really like Paul Ryan. He’s bright, articulate, and is showing some leadership on the budget. He has demonstrated an ability to circumvent the media to get his message across to the American people. At ....