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...think all the republican candidates "had noisily rattled sabers about Iran." I can't even begin to imagine Ron Paul wanting to go to war with Iran. He didn't even want to go to war with Iraq. You did a great disservice to Paul by using such a blanket statement. Scott Spencer, Hampton...
...fifth and final season of HBO's The Wire--TV's greatest current work of social criticism, of drama, of, well, TV--is about the failures of the media. In that spirit, let me begin with an apology. The odds are good that you have not yet watched the first four seasons of The Wire, which returns on Jan. 6, and that means that I as TV critic have failed you. Mea culpa...
...have less to do with each other than you might think. Social Security's insolvency remains a hypothetical threat decades into the future. But because of the particular way its funding was rearranged by Congress in 1983, the rest of the Federal Government, as well as taxpayers, will begin feeling the cost of the boomers' retirement in just three or four years...
...These bonds are simply claims on future U.S. taxpayers, and they're coming due. The Social Security surplus peaked in 2000, at 0.91% of GDP. It has held steady for the past couple of years but is expected to start shrinking fast in 2011. By 2017, Social Security should begin to run a deficit, one that's projected to grow sharply through the mid-2030s...
...changes in Social Security itself seem out of the question, so federal taxes other than payroll taxes will have to go up, government spending outside of Social Security will have to be cut, or budget deficits will grow. Or, most likely, a combination of all three. And it will begin to hit during the first term of whoever gets elected President in November. Not that you'll hear much talk about that on the campaign trail...