Want to help, Mr. President? Back off!

August 12, 2010

 
Back in June we blogged about the Business Roundtable’s withering assessment of President Obama’s approach toward American businesses.  Things haven’t improved.
 
To the contrary:  resistance to the President’s economic agenda has been spreading throughout the business community, affecting even groups and leaders who supported both Candidate and President Obama.  Runaway “stimulus” spending with no discernible results, a new health care bureaucracy that’s already adding to costs, and credit that’s harder to come by now due to financial “reform” have finally taken a toll on employers’ faith in the President.  Now that he needs their support to buck up his economic cred ahead of the midterms, they’re balking.

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Social Security: An IOU is not a cookie

August 6, 2010

 
Imagine you go into your pantry to count boxes of cookies, because you really like cookies and you want to make sure you have enough.  But some mischievous member of your family has eaten the cookies and put the empty boxes back on the shelf.  You count the boxes thinking they’re full, but when you go to open one, it just has a note inside promising to pay you back. 

Social Security has a looming empty-box problem.  Such is the sadly unsurprising conclusion of the annual report on Social Security, released on Thursday by the Social Security Board of Trustees.

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