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Advice to President Obama’s Deficit Commission: Tax Social Security Payments

By Edward Zelinsky
President Obama’s National Commission on Fiscal Responsibility and Reform is reportedly forging an internal consensus concerning the federal Social Security system. The President’s bi-partisan deficit reduction commission is purportedly developing a package of reforms including higher retirement ages for Social Security eligibility, reduced cost-of-living adjustments for Social Security payments, and higher taxes.

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Public Offices for Sale: The Emerging Dominance of Multimillionaire Candidates

by Edward Zelinsky
I live in Connecticut. The Nutmeg State’s 2010 election campaign is a prime example of the emerging domination of American politics by self-funding multimillionaires. This troubling trend has been exacerbated by what is euphemistically called campaign finance reform. The law of unintended consequences strikes again. There is, I suggest, a better way.
Former Connecticut congressman Rob Simmons had been the front-runner for the GOP nomination for the U.S. Senate until Linda McMahon declared her candidacy. Mrs. McMahon has never held public office. She is, however, along with her husband Vince, a founder of World Wrestling Entertainment (WWE) and a multimillionaire.

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Is Greece Relevant? Seven Lessons for the U.S. From the Greek Fiscal Crisis

Are Greece’s fiscal woes relevant to the United States? Responding to the simmering national debate on this issue, Paul Krugman, writing in the New York Times, answers with an emphatic “no.” “America isn’t Greece,” Professor Krugman confidently tells us. With equal assurance, Charles Krauthammer on Fox News comes to the opposite conclusion. Given current trends in U.S. public finance, Dr. Krauthammer contends, Greece is our “future.” In a similar vein, former Fed chairman Alan Greenspan approvingly cites the analogy between Greece and the U.S. as setting “the stage for a serious response” to the United States’ budgetary challenges. The Greek experience is not inevitable, but it is instructive.

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Friday Procrastination: A Goodbye Link Love

Well the time has come for me to say goodbye to all of you lovely readers. Running the OUPblog has been a dream job and leaving is very bittersweet. So I thought before I left we could take a trip down memory lane and review some of the best blog posts of the past. This list certainly is not conclusive, just a few of the thousands of posts I had the honor of sharing with you. Please keep in touch. You can follow my adventures on twitter @FordBecca. Ciao!

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Gaza, France, Monaco and the Double Standard for Israel

Nicholas Sarkozy, the president of France, has condemned as “disproportionate” Israel’s response to the flotilla bringing cargo to Gaza. Gaza today is controlled by Hamas, a terrorist organization which is dedicated to the destruction of Israel and which has repeatedly launched attacks on Israel and its civilian population. Israel had told the flotilla’s organizers to bring their goods to the Israeli port of Ashdod for inspection, with all civilian goods to be trucked subsequently from Ashdod to Gaza. The Israeli offer was rejected.

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Against a VAT

A federal value-added tax (VAT) is today’s magic bullet for slaying the federal budget deficit. A federal VAT would be a veritable cash cow, obviating the need for painful measures like serious spending reductions and middle class income tax hikes. A VAT would be more regressive and complex than its proponents acknowledge. Like most putative panaceas, a VAT should be rejected.

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