Archive for August, 2010



Recovery Act: How Obama’s Stimulus Is Changing America – TIME.

Yes, the stimulus has cut taxes for 95% of working Americans, bailed out every state, hustled record amounts of unemployment benefits and other aid to struggling families and funded more than 100,000 projects to upgrade roads, subways, schools, airports, military bases and much more. But in the words of Vice President Joe Biden, Obama’s effusive Recovery Act point man, “Now the fun stuff starts!” The “fun stuff,” about one-sixth of the total cost, is an all-out effort to exploit the crisis to make green energy, green building and green transportation real; launch green manufacturing industries; computerize a pen-and-paper health system; promote data-driven school reforms; and ramp up the research of the future. “This is a chance to do something big, man!” Biden said during a 90-minute interview with TIME.

Read more: http://www.time.com/time/nation/article/0,8599,2013683,00.html#ixzz0y78ROJON

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http://www.youtube.com/watch?v=9d7jo5SuiKE


James Roosevelt: Social Security at 75: Crisis Is More Myth Than Fact.

The truth is that Social Security is completely solvent today, and will be into the future because it has a dedicated income stream that covers its costs and consistently generates a surplus, which today is $2.5 trillion. Estimates are that the Social Security surplus will grow to approximately $4.3 trillion in 2023, and that reserves will be sufficient to pay full benefits through the year 2037. After 2037, Social Security would still be able to pay for 78 percent of benefits even with no adjustments to revenues or benefits.

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