Gordon C. Boronow

Latest

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  Oct 13, 2014

  Cutting Social Security Benefits Is Not the Answer: Let's Take a Cue from Obamacare

  Social Security is unsustainable at its present level of benefits and taxes. To put Social Security on a sound footing, Congress will have to cut pension benefits or increase tax rates. Congress will not raise tax rates to pay for Social Security. Why not? The reason is simple.

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  Sep 15, 2014

  Printing More Money: What's Next for The Federal Reserve?

  This week the Federal Open Market Committee (FOMC) of the Federal Reserve will meet to consider the next phase of monetary policy. The Fed, through the policy decisions of the FOMC, has been engaged in a policy known as "quantitative easing", or QE. You would not be too far off the mark if you interpret QE as the equivalent of printing money.

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  Aug 4, 2014

  What Happened to the Tea Party?

  The Tea Party sprung up in spontaneous protests at "town hall" style meetings, and then in more organized rallies to push back on the government takeover of their lives. The Tea Party took a principled stand for Constitutional, limited government, committed to the freedom and liberty of the people, and to fiscal responsibility. They did more than protest, they voted.

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  May 22, 2014

  Incredible Covetousness on 'Tax the Rich' Policies

  It seems that every day a new review of Thomas Pikkety's book, Capital in the Twenty First Century, appears on the scene. I've certainly gained new insights about political economics from reading these essays, both pro and con. Thankfully, as a result, I feel safe in using the time I would have needed to read the 700-page tome for more productive activities.

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  Mar 28, 2014

  Minimum Wage Increase: Facing the Facts is Our Moral Responsibility

  This week CNBC reported on its quarterly All America poll, a survey on a variety of political economy topics. One of the topics in the report was the attitude of people towards increasing the minimum wage.

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  Feb 19, 2014

  A Teachable Moment for Obamacare

  Last week, the Congressional Budget Office (CBO) reported that the Affordable Care Act (aka Obamacare) would likely have a significantly larger negative effect on the labor supply decisions of Americans than previously estimated. They now estimate that workers will choose to work fewer hours, to avoid losing eligibility for Obamacare subsidies; an amount that further decreases the labor force by the equivalent of 2 million full-time jobs, or 1.5-2 percent of the labor force.

• Dec 3, 2012

  Step Back From the Fiscal Cliff

  According to the 2012 Social Security Trustees Report, benefit payments under Social Security are 36% higher than what is provided for by the scheduled Social Security tax rates. This is only one example of the fiscal irresponsibility we have allowed our leaders to engage in. Fortunately, at least for Social Security, the deficit problem is fixable in an equitable way, with minimal damage to the economy.