Listening to conservatives at the CPAC conference last week is a remarkable experience. It might make you laugh, it might make you cry, or most likely both. It will probably give you a headache and raise your blood pressure if you listen too long, so do be careful.
Beyond being highly controversial, as well as being bad policy, chained CPI was also akin to a unicorn let loose in the arena of the bipartisan deficit reduction "grand bargain" game. But the GOP could not do the work needed to catch it. And now it's dead.
Consider this scary statistic: In 2010, four out of 10 families headed by someone age 45 to 64 had nothing set aside for old age.
House Budget Committee Chairman Paul Ryan (R-WI) and his staff have reviewed whether President Johnson's "War on Poverty" has been effective over the last 50 years. There are at least five major problems with the report and the subsequent conclusions that are reached.
The result of the Republican budget would be opportunity only for those who already have money. So, of course, the GOP had to try to kill a budget conceived under the proposition of opportunity for everyone.
To the extent that the Obama budget is intended as a "campaign blueprint" -- to signal to working families that Obama cares about them and to force the Republicans to cast difficult votes -- it is a very small step in the right direction. But it probably will sway a few voters, because it doesn't make enough of a difference. Obama is being branded a populist by the establishment press and irresponsible by Republicans for what is really a very tame program. He should at least earn these adjectives and get the public's attention. As it is, he might as well be hanged for a sheep. He might as well come out for policies that would make a real difference. That would actually be worthy of the terms "populist" and "campaign blueprint."
You worked long and hard to save that retirement money. Now is the time to be wise about paying the least amount of taxes you can and keep all that you can.
Taken together, these three steps -- creating accessible, affordable savings products, ensuring automatic enrollment and providing more effective incentives to save -- would vastly expand retirement security for our nation's working families.
Martin Feldstein has long been one of the country's top conservative economists. He has been an economics professor at Harvard University since 1967. He was president of the National Bureau of Economic Research (NBER) from 1977 to 2008.
It's no wonder that Republicans have pinned all of their hopes for the mid-terms on the proposition that the botched Obamacare roll-out would sour the public on the signal accomplishment of President Obama's first term. But once again, the Republicans are on the wrong side of history.
If I hear one more member of the Millennial generation tell me how "not political" they are, or how disinterested they are in the current affairs of this country, I cannot be held responsible for my reaction.
As the economy improves, retirement security will become a dominant economic issue, a key component of closing the gap between rich and poor and ensuring a strong middle class.
Last week, progressive groups won a huge victory when the White House announced the chained CPI Social Security cut will be not be in President Obama'...
Co-authored by Virginia Reno Patience is a virtue. In the case of Social Security, it can also translate to a higher retirement benefit. Up to 7...
So whether this movement is called "populist" or "Progressive" or plain old "liberal," what matters is that it is starting to see success in its efforts to ensure that the well-being of the People becomes our leaders' first and foremost priority again, and not that of the handful of self-indulgent corporatists.
Most media coverage of the president's decision not to include the "chained CPI" for cost-of-living adjustments in Social Security and other retirement programs in his 2015 budget has left out a key point to understanding the announcement.