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Debt commission post

Amol Kapila

A few days ago, I posted in favor of a debt commission.  I just wanted to clarify my views on the subject.  My preference would be to phase out all entitlement benefits and impose stringent controls on the way Congress can appropriate money, but the former will definitely not happen, and the latter has a [...]

February 22nd, 2010 | Tags: , , , , , , , , , | Category: Economics, Government | 4 comments

Part of Social Security is cash-flow negative

Amol Kapila

From the National Center for Policy Analysis:

The disability program is already in a negative cash flow position and the retirement and survivor’s income program is expected to have a negative cash flow in 2010-2011.

The storm clouds are accumulating…

February 19th, 2010 | Tags: , , , , , , , | Category: Government | Leave a comment

Incentives for the unemployed

Amol Kapila

I just read a comment a from a reader over at chicagobusiness.com, where he suggests that people who collect unemployment benefits should have such hand-outs subtracted from their social security benefits.  In other words, if you collect unemployment benefits for a year, the age at which you can collect Social Security gets pushed back by [...]

February 19th, 2010 | Tags: , , , , , , , | Category: Economics, Government | 2 comments

Obama might create a debt commission

Amol Kapila

Obama might follow through on creating a commission to addrses the federal government’s long-term fiscal problems within 10 days.  I am not up-to-date on the details of the proposed commission, but regardless, I am generally for it.  Whether or not you like it, taxes are going up, entitlements will be cut (either through legislation or [...]

February 15th, 2010 | Tags: , , , , , , | Category: Government | One comment