In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review May 16, 2005 / 7 Iyar, 5765

GOP, Bush should fold on Social Security reforms

By Robert Robb

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http://www.JewishWorldReview.com | It's pretty obvious that President Bush's proposal for personal retirement accounts as part of Social Security isn't going anywhere.

Democrats have united in opposition; a critical mass of Republicans are squeamish; and public support has gone down, not up, as Bush has barnstormed the country in support of his idea.

There can be debates and recriminations about the reasons for this. It begins with Bush failing to run in 2004 on a specific enough Social Security plan for which to claim a mandate, and ends with Democratic deceptions about the realistic alternatives to personal retirement accounts.

But the political reality is that personal retirement accounts are highly unlikely to be passed by this Congress.

Substantively and strategically, the best move for Republicans now is to abandon efforts to reform Social Security.

Substantively, that's because the only reform worth pursuing is personal retirement accounts.

The current Social Security financing mechanism — in which today's workers pay taxes to fund retirement benefits for today's retirees — doesn't make sense given the current and anticipated future demographic trends in the country.

When Social Security was first adopted, there were over 40 workers for each beneficiary. In the 1950s, there were over 15. Today, there are 3.5, on the way to 2.

Simply put, there will be too few workers to pay retirement benefits at a cost that isn't unfair or doesn't do damage to the economy.

Instead, the country needs to switch to a system in which individual workers save for their own retirement over the course of their working careers. In fact, the real problem with Bush's proposal was that the personal retirement accounts were too small — they wouldn't allow enough replacement retirement income to be built up soon enough.

There are lots of knotty issues involved in making the transition from a pay-as-you-go financing mechanism to a true savings system. But it's the only reform that fits demographic reality.

Establishing personal retirement accounts is the primary reason Social Security reform is so urgent. They need awhile to build up replacement retirement income.

If they aren't going to be enacted, then there isn't an urgency to Social Security reform. Payroll taxes are projected to be sufficient to pay benefits through 2016. Cutting benefits today would ease the future financing problem, but it's hard to argue that it has to be done now rather than sometime between now and the ultimate day of reckoning. Raising taxes now would just increase what the general treasury owes the Social Security trust fund. Other than abstractly making Social Security's books tidier, there's no reason to raise taxes until the proceeds are actually going to be used to pay benefits.

There will, however, be a day of reckoning coming, regarding both Social Security and Medicare. The cost of these two retirement programs is projected to increase from 7 percent of Gross Domestic Product today to 20 percent over the next 75 years.

The financial pinch is already appearing. Payroll taxes were insufficient to pay hospitalization bills under Medicare last year. This year, they are expected to be insufficient to pay disability obligations under Social Security.

Right now, Social Security tax surpluses are being used to reduce what the federal government borrows. But those surpluses are projected to peak in 2008, and then decline steadily until a deficit appears in 2017.

So, it won't be that long until the costs of Social Security inaction become manifest: the need to reduce federal spending elsewhere, cut benefits, increase borrowing, or raise taxes.

At that point, the Democratic deception that there's nothing to worry about until Social Security reserves are exhausted four decades from now will be exposed. Declining Social Security surpluses will begin to cause a financial pinch even before the general treasury is called upon to somehow redeem over $5 trillion of Social Security IOUs.

That's why, strategically, it's better for Republicans to let Social Security simmer. As the true problem and choices become more obvious, political support for personal retirement accounts will undoubtedly swell.

Moreover, Democrats will no longer be able to duck the problem. Forced to confront the real choices, the Democratic preference for higher taxes will become manifest. And Republicans usually benefit when Democrats are clearly the party of higher taxes.

It's regrettable that it has come to this. It would have been preferable if Bush had run on a proposal specific enough about the knotty transitional issues to truly claim a mandate. And it would be preferable if Democrats would constructively engage the real choices involved, rather than denying the dimensions and timing of the problem and conducting a scorched earth opposition campaign to anything Bush proposes.

But that's the political reality of the moment. And given that, Republicans would be wise to fold on Social Security reform for now, and wait for financial reality to deal them a stronger hand.

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JWR contributor Robert Robb is a columnist for The Arizona Republic. Comment by clicking here.

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