Thursday, November 30, 2006

No new FICA taxes – Personal savings accounts have been abandoned, and now the fear is President Bush is going to raise taxes to strike a deal on Social Security reform. The Wall Street Journal calls that “Not so Grand Bargain.”

More SS fun – From Greg Mankiw, in a survey of economists “85.3 percent agree that "the gap between Social Security funds and expenditures will become unsustainably large within the next fifty years if current policies remain unchanged.”

No comments: