Archive for August, 2010

Simpson’s Opinion, or the Commission’s?

Former Sen. Alan Simpson, co-chair of the president’s National Commission on Fiscal Responsibility and Reform, was up to his usual antics the other day, calling Social Security “a milk cow with 310 million tits.” He’s apologized for that, after a fashion. The important thing, however, isn’t what he thinks, but whether his colleagues on the […]

Who Are the Tea Partiers, and Who Speaks for Them?

Dick Armey certainly thinks he does. As a self-appointed spokesperson for the movement, he’s trying hard to make Social Security privatization one of the big issues in the upcoming midterm election. It’s not clear his Tea Party comrades are behind him, however. The silly season is upon us, when the Democratic and Republican establishments become […]

The Social Security Trustees’ “Infinitely” Unreal Projections

Friends of Social Security on the whole should be pleased by the numbers in the trustees’ annual report. Except for one thing: they continue to include a dubious “infinite” projection in the report alongside the traditional 75-year forecast. This Bush-era innovation in Social Security accounting should be eliminated. The trustees’ annual report is generally regarded […]

I Didn’t know Krugman Could Read Geithner’s Mind

What Krugman suspected – that high unemployment just doesn’t matter that much anymore to our political leaders, and in fact is the new normal – appears to be just what Tim Geithner is willing to settle for. Paul Krugman was saying what a lot of people were already thinking on Sunday, when he described a […]