Medicare is an example of an unsustainable system that will go away in the decade ahead.
Here are the sobering facts about the number of workers and those drawing Social Security, Medicare and Medicaid entitlements in the U.S. While the g…
The Labor Force Participation Rate (LFPR) is a key economic statistic today. Changes in the LFPR are shaping the direction of the capital markets, federal economic policy, monetary policy and, most importantly, politics.
The LFPR hit a new record low …
I know this might read as very woe-is-us, but these are the facts: Nearly 14 percent of college graduates from the classes of 2006 through 2010 can’t find full-time work, and overall just 55.3 percent of people ages 16 to 29 have jobs. That’s th…
It’s widely acknowledged that OWS is asking good, tough questions. But even among supporters, the chief criticism has been the movement’s lack of focus. Yes, health insurance is too expensive and unemployment is too high. Sure, it would be nice if t…
The entitlement mindset includes much more than government benefits programs.
The word entitlement commonly refers to government benefits to which we are entitled as taxpayers and/or citizens/residents. But there are layers of entitlement in the Am…
So I was at the health club tonight, running my few miles on the treadmill and watching the nightly news programs on closed caption. One particular piece on Bill O’Reilly’s (ironically named) “No Spin Zone” caught my attention.
The topic was a poll j…
For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices, positive real interest rates on savings, the continued solvency of…
Death panels notwithstanding, Grandpa gets to live a little longer.
The Medicare trust fund will probably be exhausted in 2024, five years earlier than previously estimated, according to an annual report from the trustees of the Social Security and…
