Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement. Even as the economy has recovered ... MORE
The Obama administration figures that it has read the national mood well. This therapeutic generation of Americans loves to talk and worry about problems and then assumes that either someone else will solve them or they will go away on their own. And why not, since we have had periodic "energy crises" since 1974, have run budget deficits in most years since World War II, and have been warned about a looming ... MORE