Huffington Post: A Federal Bailout For Detroit’s Pensions?

Here’s an economic free-association test. Read the following sentence:

The Federal government should bail out Detroit city worker’s pensions so that retirees can be paid in full.

Some people will approve of the idea. But others will be shocked or angry. They’ll conjure up images of prosperous retirees making a fortune at everyone….

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Detroit Free Press: Stephen Henderson: Washington must see Detroit’s potential

The White House’s we’ll-keep-an-eye-on-that response to the biggest municipal bankruptcy filing in U.S. history is an astounding puzzler and suggests a dangerous lack of urban vision — and no understanding of Detroit’s…

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CBS News: U.S. CEOs push plan to raise full retirement age to 70

An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the…

Read more: Dr. Wilmer Leon: Poverty, Priorities and the Presidential Budget

President Obama’s 2014 proposed budget is mix of spending cuts and tax increases.  His stated goal is the creation of a “…rising, thriving…

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NY Times: State-Wrecked: The Corruption of Capitalism in America

The Dow Jones and Standard & Poor’s 500 indexes reached record highs on Thursday, having completely erased the losses since the stock market’s last peak, in 2007. But instead of cheering…

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NY Times: Social Security, Present and Future

In the fight over the federal budget deficit, Social Security has so far been untouched. That may soon change. In last year’s “fiscal cliff” debate, President Obama offered to reduce the annual cost-of-living adjustment, or COLA, for Social Security benefits, a spending cut favored by Republicans and scorned… Nathan Bomey: Why bankruptcy is worse for Michigan cities than emergency managers

Bankruptcy judges make emergency managers look downright palatable — yet we continue to pretend that our cities aren’t headed toward financial calamity.   Missing from the fierce debate over the increased power of…

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Huffington Post: Paul Ryan Floats Medicare Age Tweak In Shift From Campaign Pledge

WASHINGTON, March 5 (Reuters) – U.S. House of  Representatives Budget Committee Chairman Paul Ryan is floating  a plan that would force Medicare cuts onto people aged 56 and  younger, breaking a campaign promise not to touch…

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