Playing Politics With America’s Retirement
Economy / Fiscal policy / Social Security / Tax / Taxes

Playing Politics With America’s Retirement

Social Security is both the largest program in the federal budget and one of the most fiscally unsustainable.  The program has already begun paying out more in benefits than it is taking in through payroll taxes.  By 2033, the Social Security Trust Fund will be drained and the benefits paid out will decline by 25 … Continue reading

Discharge Petition Irrelevant, Let’s Get Back to the Facts
America / Economy / Immigration / National Security

Discharge Petition Irrelevant, Let’s Get Back to the Facts

Two weeks ago, in the midst of immigration “deadlock,” House Minority Leader Nancy Pelosi (D-CA) submitted a discharge petition in order to retrieve HB-15 from committee and bring it to a floor vote. HB-15 is the House version of the “Gang of 8” immigration reform bill passed in the Senate last spring. The media focus … Continue reading

HUD’s Latest Proposal Brings Moral Hazard into Rental Housing
Debt / Economy / Politics

HUD’s Latest Proposal Brings Moral Hazard into Rental Housing

The 2008 Financial crisis was a costly lesson in the dangers that come with subsidizing risk. Fannie Mae and Freddie Mac are well recognized as the principal creators of moral hazard by reimbursing investors that held mortgage-backed securities when homeowners failed to make payments on their mortgages. Yet only five years after the worst of … Continue reading

The Myth of the Underpaid Minimum Wage Worker
America / Economy / Labor Force / Politics / U.S. Senate

The Myth of the Underpaid Minimum Wage Worker

One of greatest falsehoods that clouds the discussion over whether to raise the minimum wage is that these workers are underpaid compared to the value they provide to their employers.  Massachusetts Sen. Elizabeth Warren made the case, “If we started in 1960 and we said that as productivity goes up, that is as workers are … Continue reading

The Problem With Wellness Initiatives
Affordable Care Act / Constitution / Economy / Healthcare / Labor Force / Politics / Regulation

The Problem With Wellness Initiatives

In an attempt to decrease health care costs, wellness initiatives have become increasingly popular programs offered by corporations. Health and wellness is an extremely important issue and when it comes to health care reform there should to be a larger personal responsibility component. Unhealthy lifestyles, such as inactivity, poor nutrition, tobacco use, and excessive alcohol … Continue reading

The Confident Public: Misguided or Justified on the “Graying of America?”
America / Culture / Economy / Fiscal policy / Medicare / Politics / Social Security

The Confident Public: Misguided or Justified on the “Graying of America?”

The graying of America is not a new fear for economists and politicians. Before even the earliest Baby Boomers began retiring, economists were making predictions about the hardships America would undoubtedly face as it aged. Many say those problems have already begun, while others argue they have been over exaggerated and prematurely predicted. The American … Continue reading

Killing Two Birds With One Stone: Immigration and Social Insurance Programs
Economy / Healthcare / Immigration

Killing Two Birds With One Stone: Immigration and Social Insurance Programs

When addressing the nation last week, President Obama had only brief remarks regarding immigration reform, simply saying, “let’s get it done”. Perhaps this brevity is emblematic of how unlikely immigration reform has become. While off-putting to some members of Congress, comprehensive immigration reform remains one of the President’s major legislative goals. Though the President has … Continue reading

Keystone Pipeline: The Time to Act Is Now
Economy / Energy / Environment / Environmental Regulation / Presidency

Keystone Pipeline: The Time to Act Is Now

President Barack Obama, in his State of the Union address, mentioned the administrations efforts to reduce America’s energy dependence on foreign nations. The president’s energy section in the State of the Union was small, lackluster and dodgy. The president avoided any mention of one of the best ways for the U.S. to increase our import … Continue reading

Unemployment Benefits: Republican Victory
America / Economy / Labor Force

Unemployment Benefits: Republican Victory

According to the US Department of Labor, the purpose of Unemployment Insurance Extended Benefits is for “workers who have exhausted regular unemployment insurance benefits during periods of high unemployment.” It provides an additional thirteen weeks of benefits for states experiencing high unemployment. From the US Department of Labor again, State Unemployment Insurance Benefits have the … Continue reading