Social Security Trust Fund goes cash-flow negative

By: Soren Dayton (Diary)  |  March 25th at 05:02 PM  | 

Today the New York Times had a shocking story: this year the Social Security Trust Fund will pay more out in benefits than it takes in in revenue. There are several reasons this is an important story. First, it is important because it reminds us that our country is on the edge of a fiscal precipice. The baby boomers will begin retiring next year. Indeed, | Read More »

Obama’s new rule: When the math doesn’t work, reject math

By: Soren Dayton (Diary)  |  July 26th at 04:47 PM  | 

We now have a pattern on our hands. When the math behind Barack Obama’s health care plans doesn’t work, Obama attacks math. Now, he doesn’t do it directly. He gets Peter Orzsag to debase his intellect for Obama’s political ends. First, he did it with the IMF score. Then this week he pressured the CBO scorers early this week after their math provided defeat after | Read More »