Saving Social Security: The SSA’s Alternatives To Higher Taxes, Privatization

The Social Security system is approaching a budgetary crisis point. Political rhetoric aside, the Social Security Administration (SSA) states in its latest strategic plan that, without a fundamental change, by 2017 the amount of tax revenue collected will not cover the amount of benefits paid.

When that happens, the SSA will begin cashing in . . . → Read More: Saving Social Security: The SSA’s Alternatives To Higher Taxes, Privatization

Why Did Paulson’s Bailout Plan Fail in Congress?

“OK, everyone, stay calm. Hand over the $700 billion right now, and no one gets hurt. Make a wrong move, and the whole economy goes down! Make it quick, or you can all kiss your retirements good-bye!”

Dialog from an old-fashioned “stick-em-up” Western? No, actually, this drama was playing out in real-time . . . → Read More: Why Did Paulson’s Bailout Plan Fail in Congress?

Doctors’ Shortage: Why Doctors Are the Main Problem

One of our readers left an interesting comment regarding the medical profession and its desire to seek profits for its members. I quote from his comment:

The nature of the AMA, a protected and virtually untouchable union, certainly believes in maximizing its members’ profits. It clearly restricts the supply (as all unions do) in . . . → Read More: Doctors’ Shortage: Why Doctors Are the Main Problem