CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Wednesday, December 08, 2010
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
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- Incentives Matter: The Speed Camera Lottery
- Employment Trends Index Gains in November
- Perfect SAT Scores: Male vs. Female for 2010
- Government Website Promotes "3% or Less" Down
- ISM Employment Indexes Above Fall 2007 Levels
- Perfect SAT Math Scores: Male-Female Ratio of 2:1
- Phrase of the Day: Frugality Fatigue
- Schumpeterian Creative Destruction in IT
- Bright Spots: Temp Help and Mfg. Overtime Hours; B...
13 Comments:
Cut spending. Duh.
Over the last two years, Obama (with a democrat congress) has put young people on the hook for a lifetime of taxes that will be higher than they otherwise would have been. Yet, they still like him and, presumably, will vote for him in 2012. Puzzling?
"Puzzling?"...
Take a look at what is laughingly called the public education system in this country...
Consider the idea of a living Constitution and how long that charade has been pushed...
Evil Overlord List at work
Well Can't edit comment but..
12 One of my advisors will be an average five-year-old child. Any flaws in my plan that he is able to spot will be corrected before implementation.
"Consider the idea of a living Constitution and how long that charade has been pushed..."
That is truly frightening.
"That is truly frightening"...
Apparently its going to get even more complicated and expensive if William Jacobson over at Legal Insurrection knows what he's about...
Obama Opens The Door To Raid Social Security
The Red State Socialists Empire wants to cut taxes, not spending.
"The Red State Socialists Empire wants to cut taxes, not spending"...
Still looking for attention, eh pseudo benny?
Benji's boyfriend buried us in debt and wanted to raise taxes. True love is blind, I guess.
"Obama Opens The Door To Raid Social Security"
So, all pretense that Social Security is an "insurance" or "retirement" plan is now gone. I suppose that's a step in the right direction.
juandos-
i'm ot sure it's quite as simple as that. from what i am hearing, SS will get its full funding and the difference will be made up by credits from the general fund.
this seems to me to be quite a severe violation of PAYGO and a worrying precedent.
granted, the SS surplus has been pillaged for decades, but to provide precedent for topping it up from the general fund is a new idea and one that violates the law around SS which is supposed to cut payouts in the event of revenue shortfalls.
if we begin to treat SS like the rest of our national debt, it's a very different kettle of fish.
morganovich doesn't the Ponzi scamm of SS strike you as being unlawful from the very beginning?
Try as I might I can't find anything in the Constitution that mandates the federal government to intervene in the retirement market...
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