Social Security

Obama’s Social Security Cover-Up, as the Media Snoozes

/ Jack Marshall / 2 Comments

USA Today ran a sensible editorial a couple of weeks ago calling for the Obama administration to stop cravenly caving to groups like the AARP, Congressional Democrats, and increasingly, liberal/progressive commentators who claim that Social Security isn’t really a budgetary problem. The fiction: since Social Security has received more from taxpayers than it has had to pay out since 1983, the Social Security Trust Fund has built up a whopping $2.5 trillion, guaranteeing enough to meet the program’s obligations ( despite yearly deficits, now that the population is senior-heavy) until the money is scheduled to run out in 2037. The truth: the trust is empty. Congress had raided it regularly for non-Social Security spending, so now the yearly Social security deficits (37 billion dollars last year, a projected 45 to 57 billion in 2011, and a half trillion total in the decade underway) are putting a direct burden on the already reeling Federal budget.

Good for USA Today: this is responsible, public-spirited journalism. the public has heard so many lies from politicians and elected officials about Social Security that it is thoroughly misinformed and confused, and an informative, unbiased editorial from the nation’s most read newspaper is exactly what is needed. But the Obama administration couldn’t handle the truth, so it trotted out White House Budget Director Jacob Lew, who denied that there was a problem, writing in response… Continue reading →

Deficit Reduction Ethics: We’re All Selfish Dunces, and We’ll Be Sorry

/ Jack Marshall / 1 Comment

President Obama’s bi-partisan commission on cutting the deficit has come up with its draft recommendations, and they are fair, balanced, obvious, and, inevitably and unavoidably, flawed. Despite the flaws, everybody gets hurt, as everyone deserves to be when we elect a series of profligate and irresponsible leaders who spend more money than the nation has, on too many dubious projects and policies.

Personally, it would kill my already struggling personal finances dead: I’d have to sell my house, for one thing, at a lower value than it has now. Are the recommendations perfect? Surely not. They address the problem, however, and it is a problem that 1) has to be addressed 2) has to be addressed quickly and 3) will never, ever be addressed sufficiently if left to the usual corrupt legislative process, where it will sliced to pieces by lobbyists and turned into more pork, more lies, and another 3000 page bill that nobody reads before voting on it.

If Americans were responsible, honest, fair and genuinely concerned about America’s future prosperity and strength, we would just buckle down take deep breaths, and agree to make the sacrifices necessary to put the nation back on the road to fiscal health. But we won’t, will we? Continue reading →

Next On The Tea Party Disgrace Parade: Joe Miller

/ Jack Marshall / 7 Comments

Does anyone know what ethics is in Alaska?

Apparently nobody who runs for office up there. Fresh off of defeating GOP Senator Lisa Murchowski (who became senator in a blatant act of nepotism by her father)  in the primary for this years U.S. Senate race, thanks to the endorsement of former Alaska governor Sarah Palin (who abandoned her post to cash in on her media fame), Joe Miller announced to the press that he will no longer answer reporters’ questions about his background and personal life.”We’ve drawn a line in the sand,” he said. “You can ask me about background, you can ask me about personal issues, I’m not going to answer them. I’m not. This is about the issues. … This is about moving this state forward, and that’s our commitment.”

Ethics alarm! Whenever a candidate says that “personal issues” are off the table, and that the election is about “moving the state forward,” you can bet the candidate has a bloody skeleton or six in his or her closet that will tell the voters something important about whether the candidate can be trusted. Continue reading →

“No Tolerance” For Adversary Free Speech at Obama’s HHS?

/ Jack Marshall / Leave a comment

According to a press release sent out by the Department of Health and Human Services, “Secretary Kathleen Sebelius wrote America’s Health Insurance Plans (AHIP), the national association of health insurers, calling on their members to stop using scare tactics and misinformation to falsely blame premium increases for 2011 on the patient protections in the Affordable Care Act.” In her letter, Sibelius wrote…

“It has come to my attention that several health insurer carriers are sending letters to their enrollees falsely blaming premium increases for 2011 on the patient protections in the Affordable Care Act.  I urge you to inform your members that there will be zero tolerance for this type of misinformation and unjustified rate increases.”

This is an ethics foul, and one that is both frightening and clumsy. Continue reading →

Ethics Dunce: Sally Herigstad

/ Jack Marshall / 9 Comments

Sally Herigstad, the MSN website tells us, is a certified public accountant and author of the book,  Help! I Can’t Pay My Bills. She is a personal-finance writer, it says, who has been contributing to Microsoft and MSN Money since 1998.

And, based on her article, “6 Reasons Not to Save for Kids’ College,” she is also a fully-qualified Ethics Dunce.

It is fine to explain the various inefficiencies of putting aside funds for your children’s education, but Herigstad’s argument boils down to selfishness, and thus serves as an incentive for parents to abdicate the ethical duties of parenthood because an expert has decreed that it’s the reasonable thing to do. Continue reading →