Good-for-Nothing Commission

We have seen the future and it is grim. That glimpse of the road ahead arrived in the form of a preview of the Bowles-Simpson Commission’s report on the kinds of things government has to do (and not do) if we want to avoid economic doom. Things like giving up...

A Few Thoughts on the Mid-Term Elections

As we prepare to brace a Republican-controlled House after today’s elections, below are a few thoughts on how IPS is positioning itself in this new political landscape. We’d love to hear what else you all are thinking: 1. We are in for 2 years of stalemate...

Surprise! The People Speak

Michael Duke is the Big Wally of Walmart. As CEO of the low-wage behemoth, he siphons some $19 million a year in personal pay from the global retailer. How much is $19 million? Let’s break it down in terms that Duke’s own workforce can appreciate. While...

Tax the Rich

My accountant Found a niche; Lowered my taxes, Though I’m rich. Taxes, like death, may be certain. Unlike death they can be finagled. Finagling works best if you’re rich and can join with brethren to hire accountants, lawyers, lobbyists, and politicians to...

Four Hundred Thousand Reasons to Vote

They say that the definition of a political gaffe is a politician caught telling the truth. Recently, former Wyoming Senator Alan Simpson got in trouble for speaking his mind about Social Security. Simpson, the co-chair of President Barack Obama’s task force on...

Elders’ Safety Net Could Fray After Nov. 2

Stores are already full of Halloween costumes and scary stuff for October 31. TV stations are gearing up for reruns of “Nightmare on Elm Street” and its many sequels, when Freddy Krueger will revisit us again and again. But what really ought to terrify...

Happy Birthday, Social Security

Social Security, created by FDR in the midst of the Great Depression, recently turned 75. If she were a person, this 75-year-old would probably appreciate the monthly check, which keeps 13 million elderly Americans out of poverty. Myself, I’m several decades...

Social Security in the Eye of the Beholder

Social Security is in trouble, but not because of any fundamental imbalances, OtherWords partner Fairness & Accuracy in Reporting (FAIR), says, citing the Aug. 5 broadcast of CNN’s Situation Room program. It’s just under attack by ideologues....

Leaving Granny Behind

President Obama’s Fiscal Commission–a group of lawmakers, former officials, and other experts charged with developing a bipartisan plan to stabilize our soaring national debt–is primarily holding closed-door hearings. The commission’s...

Robbing Grandma to Reward Wall Street

When I grew up in Texas, the dance we all learned was the Texas two-step. But times have changed. The next big dance these days could be called the Social Security double shuffle. A good number of senators are waltzing to the music of the “let’s cut Social...