This week's Senate Finance Committee hearing on Puerto Rico's financial and economic challenges brought overdue attention to the island's inadequate Medicaid funding. Unlike the 50 states and the District of Columbia, Puerto Rico is limited to a low, fixed amount of funding.
So many things to talk about today. None of it really matters as it's the last day of the month and windows have to be dressed and al...
This year, with no budget in place to control spending or generate more revenue, we're on a pace to amass a $5.9 billion bill backlog by New Year's Eve. How did this pattern of red ink become an entrenched part of Illinois' fiscal condition?
Illinois rang in New Year's Day 2011 with an unpaid bill backlog that totaled $6.38 billion. Within two weeks, in the final hours of a lame duck Legi...
I must admit I got it wrong when I predicted a few weeks ago that Perry would stay in the race longer than Jim Gilmore, George Pataki, Lindsey Graham, Rick Santorum, and Bobby Jindal. But that doesn't mean we can't have some fun betting who will drop out next!
If you're one of those people whose financial situation isn't quite where you want it to be, start focusing your mental energy where it belongs: on the big money! Making money is easy once you know how to do it.
The so-called 'retirement age' is nominally thought to be 65 years old, but to get your full Social Security benefits the age is inching up each couple of months to 67, for those born in 1960 or later. And who knows where it will go from there? Or what will become of it.
Today with all the advancement on each of these fronts, average longevity is in the 80s and headed to the 90s. The largest growing demographic are the centurions and over -- for all the reasons that you readers know. So... what to do to rationalize the Social Security Retirement System?
Why has economic growth been so slow since the Great Recession? This is the question haunting many economists these days. Second quarter 2015 real GDP growth (after inflation) was just 2.3 percent six years after its end. This is better growth than any other developed economy, but still much too low for a sustainable recovery.
For more than two decades there have been well-funded efforts to try to scare the public into supporting cuts in Social Security and/or privatizing the program. The basic story was that demographics would make Social Security unaffordable.
Puerto Rico is on its way to one of the largest debt defaults in history, right up there with Greece and Argentina. Economic stagnation, or contraction, is not merely a result of an economic cycle but of major long term problems that make the island uncompetitive. But is there a way out?
It should not have come as a surprise that the majority of Greek voters opted not to accept more externally-imposed austerity, by voting "no" in Sunda...
To view ourselves in the context of our background, history and the present, is an essential aspect of self-acceptance.
The Greek referendum is actually a vote against monopoly capitalism that now pervades the globe and has impoverished the poor and the middle class for decades, while enriching the rich beyond imagination.
Trade deals are one subject (one of the very few left) which do not break down on party line. Both the Republicans and the Democrats are split over the issue, so it's not a repeat of the usual partisan battle lines. But it is a clear defeat for Obama, who lobbied hard to very little effect.
Perhaps one thing that people of all political stripes can agree on is the importance of health. When disease strikes us or our loved ones, our whole world changes.