The COLA is supposed to keep our (I’m also a recipient) benefits even with inflation. Unfortunately, it doesn’t. The COLA is calculated based on the rise in the Consumer Price Index between September 30th and October 1st of the previous year. Hence, we’re getting compensated for past annual inflation, with a three-month lag to boot! This leaves us perpetually behind the eight ball. More
The U.S. is a waning economic hegemon. But far too few Americans, including politicians, realize this. The eventual new and very big kid on the block is, under all but extreme scenarios, China; and, after China, India. By 2100, the U.S. will be in third place, when ranked by GDP — producing only 12 percent of global output compared with China’s 27 percent and India’s 16 percent. More
Here are five surprising facts:
Medicare has one privatized component. Many politicians and the corporate media want to destroy it.
Chief among these is Obamacare reform to (1) let families have access to insurance that meets their medical and financial needs, instead of unaffordable deductibles and sky-high premiums; and (2) let families have access to the best doctors and the best hospitals, instead of narrow networks that deny them the care they need. More.
Bernie Sanders and other socialists think health care should be provided by the state. Their latest version of that idea is “Medicare for all.” How does Medicare stand up against private, free-market provision of similar services? Since Congress just acted on Medicare prescription drugs, let’s examine drug coverage in answering that question. More.
President Biden just canceled a mother-load of student debt. The income limit for the President's largess is $125,000 for individual borrowers and $250,000 for married and heads of households. Those below these limits received up to $10,000 in debt forgiveness. And...
The election this fall was supposed to be a red wave. Now it looks like that may not happen.
The Republican problem today is no different than it was 50 years ago. Too many Republicans don’t believe in reforming institutions. They think their only role is to oppose whatever the Democrats are trying to do. Most conservative think tanks aren’t much better.
Yet in troubled times, voters want problems solved. Here are some suggestions for policy changes affecting seniors—the group of voters most likely to vote.
This may surprise some of you, but we have been unable to find a conservative/libertarian alternative to the Democrats’ proposals on Medicare prescription drugs. Yet, there are real problems that need solving. This morning at Forbes, John Goodman provides a first-of-its-kind analysis of why the Medicare prescription drug market doesn’t work as it should, and what can be done to correct those problems – with no new taxes, no new spending and no new impediments to the discovery of life saving drugs. More.
California’s extreme drought will force rationing of water or higher prices, say John McKenzie and Richard McKenzie. Raising water prices has a great advantage: “Higher water prices can increase the state’s available water supply—without additional rainfall or...