If you want to understand Democrat fantasies in the absence of financial constraint or common sense, read Reed Hundt’s book, “In China’s Shadow.” Reed Hundt is a permanent member of the American political class, a Yalie, a partner in a high-powered law firm, head of Bill Clinton’s FCC, and a member of Barack Obama’s [...]
:: Saturday, March 20, 2010
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 the bonds [...]
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