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December 2, 2014

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 December 6, 2012/ 21 Kislev 5773

Durbin's deficiency

By Jay Ambrose




http://www.JewishWorldReview.com | Sen. Richard Durbin, D-Ill., said in a speech and in a TV interview that Social Security doesn’t increase the debt by even one penny. He is wrong. It adds 2,100 trillion pennies to debt calculated as all future obligations. That’s enough, along with the enormous amounts of money owed to other entitlements, to press down the American future to the point of its being squashed, but never mind. Durbin has politics to tend to.

Those politics start with hiking taxes on annual incomes over $200,000 for individuals or $250,000 for couples because income inequality is immoral in his view. He should start sending me checks. I figure he makes more than I do, and I’d applaud that moral gesture a lot more than I favor increasing taxes in his foolish way. It would hinder job creation while raising so little extra revenue as to lessen future deficits something on the order of a smidgen.

Some of us might say the real immorality is to play these ideologically lame games when the country is facing a major debt crisis. It is especially harmful in negotiations on averting the so-called fiscal cliff to back away from significant entitlement cuts. Durbin’s stance is to do nothing now about Social Security, which means failing to take advantage of a time when meaningful compromise seems possible. It thereby imitates past demagoguery that got us in the mess we’re in.

While working in Washington some 17 years ago, I heard the great, brilliant Sen. Daniel Patrick Moynihan, D-N.Y. -- a since-deceased Social Security expert who was also my favorite liberal politician -- talk about the need to act. But every time some bold member of Congress suggested some move in the right direction, some opportunistic self-server would say this was heartless, mean, awful, a way of forcing the elderly poor to eat dog food, or something like that. We are therefore now in a situation in which Social Security is in the red and adding billions to the deficit.

Fact checkers and others tell us Social Security was in the red by $36 billion in 2010 and will have its annual payroll tax shortfalls rise as high as $86 billion by 2015. One commentator -- columnist Robert Samuelson -- observes that the total Social Security budget this year was $762 billion, compared with $651 billion for defense. Over the next 75 years, Social Security’s unfunded liability -- the amount by which obligations to recipients will exceed anticipated revenues -- is estimated by some at $21 trillion, money that would have to come from borrowing or higher taxes. A major reason is the extraordinary increase in the number of people over 65 -- some 30 million more than today’s 40 million in less than another two decades.

My own sense is that President Barack Obama should long ago have embraced the Bowles-Simpson deficit-reducing recommendations made by the leaders of his own debt commission. They have sought both more revenue and serious spending cuts. Their approach to Social Security is nothing terribly hurtful -- steps such as reducing cost growth through a new formula on increases in initial benefits for the best off, increased payroll taxes from the highest earners, redoing the formula for inflation adjustments and higher eligibility ages way down the road.

I also like their tax reform plans. They would lower rates to engender growth at the same time they simplified taxes and increased revenues through elimination of the least excusable deductions.

For all the public squawking back and forth between Republicans and Democrats, there are some reported signals here and there that the two sides may be finding their way to a resolution tackling deficits and avoiding the fiscal cliff. Durbin, who is Senate majority whip and has previously shown an exceptional willingness to compromise on Social Security and other issues, could be a major player in helping to save the nation from disaster. A first step would be to say Social Security does magnify the debt crisis, and by a whole lot more than a penny.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Jay Ambrose, formerly Washington director of editorial policy for Scripps Howard newspapers and the editor of dailies in El Paso, Texas, and Denver, is a columnist living in Colorado.


Previously:


11/29/12: Man of the century
11/21/12: A big scandal coming?
11/14/12: U.S. should follow the Swedish path
11/07/12: Hanging from a poll
10/31/12: A dream that wouldn't come true
10/29/12: When the 'kooks' and 'racists' turn out to be your ideological allies
10/24/12: The pettiness refuge
10/18/12: An interruption that tells a bigger tale
10/17/12: A recovery that wasn't
10/12/12: Big Bird squabble points to something real
10/11/12: The 'war' you don't hear about --- the one on average Americans
08/22/12: Obama leadership: Romney's returns trump road to recovery
08/15/12: Saving Medicare the Ryan way
08/01/12: Combatting free speech
07/25/12: Good and bad reactions to Colorado horror
07/18/12: Apology time for Obama
07/16/12: Free markets solve climate change threats
07/11/12: Humans and particles and those who would order them
07/06/12: Why we'll miss Andy Griffith
07/05/12: All will feel Affordable Care Act's bite
07/02/12: A social solution --- homes with dads
06/27/12: Being a 'nation of immigrants' is not an excuse
06/20/12: Barack Obama the autocrat
06/18/12: Bradbury's lessons for today
06/13/12: Should this leaking administration sink?
06/11/12: Simpson bashes back on reform
06/05/12: Legalize sugary drinks, ban dangerous drugs
06/04/12: Keep America from going Greek
06/01/12: Don't believe in Obama's fairy tales
05/30/12: Writing a book? Beats prison
05/23/12: Student loans fail students
05/21/12: Europeanizing America into crisis
05/16/12: Obama a bully, too
05/15/12: Walker recall vote could swing national pension policy
05/07/12: Bumbling, fumbling, benighted, old Washington near tipping point where freedom is done for
05/02/12: The Communists cannot be happy
04/30/12: There's no objective truth, least of all concerning behavior
04/25/12: Forgive the extremist?
04/23/12: Educational excellence is a game
04/18/12: Obama's interventions help a few by the most autocratic, complicated, ineffective means possible, yet hurt many more
04/16/12: Overregulation strikes again: The nanny state threatens to turn us into children
04/11/12: Obama is not bonkers
04/04/12: Will America vote against authoritarianism?
04/02/12: 'Tipping point' on federal restraint approaches
03/28/12: Obama truth from an open mike
03/21/12: The progressive campaign for voter fraud
03/19/12: Public pensions will get us if we don't watch out
03/14/12: Politics needs reporting, not speculation
03/12/12: Home of the free, the brave, the endangered
03/07/12: Obama used Limbaugh as scapegoat
03/05/12: Campaign substance lost in media melodrama
03/01/12: When Big Brother drowns
02/24/12: Obama goes gaseous on gas
02/22/12: Political tears for trust in personal empowerment --- except in the bedroom
02/17/12: Of cut-off ears and silenced mouths
02/15/12: Obama is a joke whose antics aren't funny
02/10/12: An energy boom looms, despite Obama
02/08/12: Obama's assault on faith
02/03/12: Can Romney get serious?
01/27/12: Obama is like an Italian ship captain
01/25/12: Newt Gingrich's first 100 days
01/20/12: Obama's Keystone pipeline lies
01/18/12: Critics worse than urinating Marines
01/13/12: Ron Paul is a cartoonish character
01/11/12: Newt Gingrich upset by Mitt Romney's brilliance
01/09/12: How about regulating presidents, too?
01/04/12: How America smothers itself
12/30/11: A tax break that helps break the nation
12/28/11: Watch out for the banana peel, Newt
12/21/11: A tale of two men
12/16/11: Strange happenings in Russia
12/14/11: Tim Tebow is a man of character
12/09/11: A populist, envy-mongering fraud divisively exacerbating resentment among different groups of Americans
12/07/11: Tax games threaten nation
12/05/11: Why Wal-Mart serves us better than Barney Frank
11/30/11: Not writing off Newt
11/28/11: Answers to the Iranian threat
11/23/11: Failure of the incumbency investment
11/18/11: Occupiers: Chop off their heads!
11/16/11: Obama asks jobless to sacrifice
11/09/11: Michael Moore's insufferable occupation
11/04/11: Political tipping point is coming
11/02/11: Idealogues versus 7 billion
10/28/11: Obama games on student loans
10/26/11: Wit and quick moves v. humanity and thoroughgoing honesty? It's no contest —- or at least shouldn't be
10/07/11: Baptists, bootleggers and Wall Street protesters
10/05/11: Federal law will get you even if you watch out
09/28/11: Leftist bugbears on the march
09/23/11: Still hope for coal to help us
09/21/11: Obama's Madoff ploy
09/19/11: U.S. can't afford to wait until it happens
09/14/11: Defending -- and strengthening -- gung ho collectivism
09/12/11: A pipeline to better times
09/08/11: Obama just keeps destroying jobs
09/06/11: Ultra-feminists thwarting justice
08/31/11: Corporations are people? Yes, Count the ways
08/26/11: What an earthquake tells us about debt
08/25/11: The tyranny of scientific consensus
08/23/11: Fracking hardly a public health threat
08/17/11: Why Obamacare won't control births
08/15/11: Balanced budget amendment unbalanced idea
08/10/11: Kerry's war on citizen speech
08/05/11: Upside to the compromise leaving the door open for obnoxious maneuvers
08/03/11: The people who may save America
07/29/11: On making deals, Obama is no LBJ
07/27/11: The threat behind the debt
07/23/11: Mean opposition to means-testing
07/20/11: Leftist babble makes debt crisis even worse
07/18/11: Time to raise demagoguery ceiling
07/13/11: Obama treating treaties badly
07/08/11: Is decline of U.S. exaggerated?
07/05/11: Not math deficiency, but demagoguery



© 2011, SCRIPPS HOWARD NEWS SERVICE

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