Kuttner, Galston, and the Debate Over the Social Safety Net

I take exception to most of the assumptions and conclusions in William Galston’s piece. For starters, the debate about entitlement programs is needs to be located within a larger debate about the mixed economy. Galston begins by asserting: “I take it we agree that suitably structured and regulated markets generate wealth more effectively than other economic […]

A crisis for seniors who rely on Social Security

It seems every time we talk about the long-term future of Social Security, many in Washington start clamoring to raise the retirement age or propose other ways to trim Social Security’s modest benefits. Those calling for cuts are missing the dire state of retirement security for the typical American. Traditional pensions have become a thing […]

Ten Ideas to Save the Economy #3: Expand Social Security

America is on the cusp of a retirement crisis. Millions of Americans are already in danger of not being able to maintain their standard of living in retirement, and the problem is getting worse. You hear a lot about how corporations are struggling to make good on their pension promises, and how Social Security won’t be there […]

As Cognition Slips, Financial Skills Are Often the First to Go

When Helen Clark brought her father-in-law, then 83, to the doctor last year, she knew his mind was slowing, but a mental status exam confirmed it. He knew the year, where he lived and the name of the president. But when the doctor asked him to count backward from 100, subtracting seven from each number […]