Commentaries -- Other Editorials

More Editorials by NCPA professionals.

Medicare Meltdown

What's going to happen when the money runs out for Medicare? A recently released report by the program's trustees found that within seven years Medicare taxes will fall short of Medicare expenses by more than 45%. What's more, Medicare and Social Security combined are on track to eat up the entire federal budget.

P=MV/Q

The main question on financial TV lately has been whether the economy will continue to weaken and possibly slip into recession, but allow inflation to decelerate, or whether it will pick up and cause inflation to accelerate. More slack in the economy, or a larger output gap, would reduce inflation; more output, it is presumed, would make inflation worse. While a weaker economy might well reduce inflation, that isn't a necessary condition. Faster growth can also reduce inflation.

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Steps to Social Security Reform

Tax Day is right around the corner. And if you’re like me, you’re wringing your hands about how much we owe to the federal government. But whether we realize it or not, most people pay more in Social Security taxes than income taxes.

What Fate for Social Security Reform?

A new year often brings a new agenda to the nation's capital, as accomplished items are removed and new issues and problems arise. It is also the time to evaluate whether to continue pressing for issues that haven't gained as much traction as had been hoped.

Unmet Challenge

Seventy seven million baby boomers are about ready to go from the paying-in window to the pay-me-now window; 77 million going from pushing strollers to using walkers. That flood of newly-retired persons will nearly double the number of people collecting benefits, putting unbearable strains on the system.

Social Security Crisis is Real

Oklahomans may be hearing a lot about President Bush’s proposal to reform Social Security. With all the rhetoric flying back and forth, what you may not be getting are the real reasons why we are having this discussion. Simply put: this is a generational problem.

It's Time to Prepare for the Tough Fight Ahead

During the recent President’s Day recess, many Members of Congress held town hall meetings and other events to try to explain why Social Security reform was at the top of the national agenda. To no one’s surprise, several Members were met by protestors and other activists dispatched from a cadre of opposition groups.

Surviving the Retirement Boom

Ten thousand baby boomers turn 60 every day. In just two years, 77 million boomers will begin reaching early retirement age and will become eligible for Social Security benefits. When that happens, they will stop paying into Social Security and begin drawing money from it.

Would Social Security Indexing and Personal Accounts be a Bad Deal?

The Bush Administration has suggested shifting the calculation of initial Social Security benefits from wages to prices as a way to control the program’s soaring costs.

Social Security blueprint

The president's declaration should signify to everyone that Social Security is no longer the third rail of American politics. And that's a good thing.

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