Image Credit: 401 (K) 2013 (Flickr) CC

Image Credit: 401 (K) 2013 (Flickr) CC

Economics, Entitlements, U.S. Economy

The minimum wage and Social Security

In his race for the open Iowa Senate seat, Democratic Rep. Bruce Braley has put great emphasis on Social Security. That’s good – Social Security is a crucial program for millions of Americans and the biggest domestic line item in the federal budget. But Braley’s political focus on Social Security doesn’t mean he actually has a policy in mind to fix it. read more >

Economics, Entitlements, Pethokoukis

Here is the big driver behind government healthcare spending

Charles Blahous makes a number of great points in an e21 essay on the fiscal future of Medicare — and the US budget. While it is true, as a recent New York Times piece notes, that the Medicare spending projections has declined quite a bit since 2006 (see above chart), the program’s financial problems are still enormous. The whole piece is worth reading, but this is a particularly noteworthy bit given all the attention on the need to reduce health cost inflation. read more >