Obama Gearing up to Take on Entitlement Programs
There are no easy fixes for Social Security or Medicare, but Obama plans to tackle entitlement reform head-on to get the government's financial house in order.
There are no easy fixes for Social Security or Medicare, but Obama plans to tackle entitlement reform head-on to get the government's financial house in order.
Robert Kuttner | Posted 02.18.2009 | Politics
No reform is possible if we keep the present health system -- America now spends 16 percent of our GDP on health, and the number of uninsured and under insured rises every year, in tandem with the costs.
Byron Williams | Posted 02.14.2009 | Politics
Bush, You had more impact on the country than any other president in my lifetime. One may have to go back to FDR to find a commander in chief that had more influence on the republic.
Leslie Weise | Posted 02.13.2009 | Politics
When I attended a 2008 hearing for the free speech lawsuit in which I'm involved, I was struck by the defendants' arguments, being made on behalf of government officials, as eerily un-American.
Scott Bittle and Jean Johnson | Posted 02.13.2009 | Politics
Unless there are reforms in Social Security and Medicare, by 2040 or so, every tax dollar collected will be needed to pay for entitlement programs and interest on the debt.
Chris Weigant | Posted 02.12.2009 | Politics
Lest I be accused of "Bush Derangement Syndrome," I'm reproducing some of the most interesting answers Bush gave today, with a minimum of snarky commentary.
Dean Baker | Posted 02.07.2009 | Politics
If the budget situation is so dire that it is necessary to default on the government debt, then surely we should be considering defaulting on the bonds held by wealthy bankers.
Tom Geoghegan | Posted 02.06.2009 | Chicago
For years, conservatives have said: "We can't do this. The money isn't there." Well, the money is there. It was there for the Iraq war and for the bailout.
Rev. Peter Laarman | Posted 01.22.2009 | Business
The unkindest cut this winter is coming from big U.S. employers that have decided they just won't fund employees' 401(k) plans to save costs.
Michael Russnow | Posted 01.20.2009 | Business
I'm always amazed that so many people bitch about not earning enough money to make ends meet when many of these same folks disregard money that is just sitting and waiting for them to collect.
Patrick Creadon | Posted 01.05.2009 | Business
Many have been quick to push the debate as a choice between stimulus and deficit reduction, but solutions committed to both objectives are critical to our short- and long-term survival.
Dean Baker | Posted 01.02.2009 | Business
Every few years there is a book or movie that stands out for its incredibly bad timing. The new documentary IOUSA seems destined to join earlier classics of this genre.
Michael Pento | Posted 12.14.2008 | Business
Americans must hope that the Obama administration is honest with the people and makes some difficult choices early in his tenure to deal with our growing annual deficits and long term debt.
Mark Miller | Posted 12.06.2008 | Business
President-elect Obama made clear during the campaign that he flat-out opposes privatization of any kind, and the Congress won't go there, either. So, what type of solution will emerge?
Mark Weisbrot | Posted 11.24.2008 | Politics
Senator Barack Obama's campaign for the White House pulled ahead of his opponent, Senator John McCain, as soon as the current financial crisis hit the...
Cenk Uygur | Posted 11.23.2008 | Politics
The Republicans are about to lose another 20 to 34 seats in the House and at least seven seats in the Senate. It will take decades -- maybe even generations -- for them to recover from that.
Dean Baker | Posted 11.22.2008 | Business
This film should be viewed as part of a larger effort to dismantle Social Security and Medicare, the country's core safety net programs.
Robert Creamer | Posted 11.22.2008 | Politics
Sarah Palin is right about one thing: this election is in fact a battle between the "real America" and a pretender. But it's not quite the battle she imagines.
Alan Rosenblatt | Posted 11.17.2008 | Politics
Some conservatives still want to gamble our Social Security in the stock market.
Paul Abrams | Posted 11.14.2008 | Politics
We are down to the wire, and droves of people, are starting to pay attention to the candidates. For Obama to bring this home, he ought to keep it simple and make the distinctions sharp.
Jeff Goldsmith | Posted 11.10.2008 | Business
What we actually need to do is to clear away the wreckage, learn the important lessons about why you can't make risk simply disappear, and start dreaming again.
Lynne Glasner | Posted 11.08.2008 | Home
Barry Goldwater adamantly railed against large government and supported tax cuts (sound familiar?). He advocated making Social Security voluntary and selling off the TVA, neither of which garnered him many votes in 1964, a time of economic expansion.
Bob Starks | Posted 11.07.2008 | Politics
After all of the cheering and congratulations on Inauguration Day, the new president will have to face the reality of the end of an era of prosperity and American world domination.
Jackson Williams | Posted 02.08.2009 | Politics
Just hours before Obama and McCain meet in a Town Hall debate, the Associated Press has moved a story that screams: "Retirement Accounts Have Lost $2 Trillion."
Robert Creamer | Posted 11.02.2008 | Politics
The Republicans have gone to great lengths trying to convince the voters that Obama is "risky". A stark reality has stood in their way: if you like taking risks, John McCain's your guy.
Mark Miller | Posted 02.22.2009 | Politics