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...projections show Social Security solvent as far into the future as projections can be made. But even if the “middle” projection proves to be accurate, there is no need to privatize Social Security. As Democrats and some Republicans have consistently pointed out, a modest correction in the formula for Social Security can overcome the deficits predicted, without the need for drastic structural change. Slightly raising the payroll tax, raising the cap on taxable income above $90,000, raising the retirement age, progressively indexing benefits, or a combination of any these will assure the program?...

Author: By Seth R. Flaxman and Piper M. Harlan, S | Title: FOCUS: Bush’s Plan For Social Insecurity | 4/4/2005 | See Source »

...mountain to climb by election day. And last week, a few medium-sized boulders thumped down onto his path, courtesy of his own team. The Tories' deputy chairman, Howard Flight, was taped at a Conservative meeting saying that the party's announced tax-cutting plans - pegged at a modest $7.5 billion to deflect Labour salvos about the Tory threat to public services - were only a down payment on its true intentions. "Everyone on our side of the fence believes passionately that [tax cuts] will be a continuing agenda," Flight said. The current proposals had been "sieved for what is politically...

Author: /time Magazine | Title: Whistling In the Dark? | 4/3/2005 | See Source »

...returned to donors or diverted to other causes. MEANWHILE IN JAPAN... Sumo Squabble Guardians of the ancient Japanese sport of sumo blocked moves to allow competitors to wear short-like "sumo pants" rather than the traditional loin-cloth. Amateurs had hoped to spur youth interest by allowing more modest gear, but the professional body insists it has "no intention of allowing children in pants into the ring...

Author: /time Magazine | Title: Worldwatch | 3/27/2005 | See Source »

...Alan Robles presented a distorted image of Filipinos. He gave the impression that all Filipinos are wallowing in poverty. This is not true: many lead modest but not pathetic lives. While it is true that we have some bad leaders, there are others who are really helping our country. Our President, Gloria Macapagal Arroyo, is doing a great job. Our economy grew by 6.2% last year. Foreign investors are pouring in. These are the good things that Mr. Robles seems to have deliberately ignored. I myself am faring far better these days because of improving economic conditions. My family...

Author: /time Magazine | Title: Letters | 3/21/2005 | See Source »

Ideal Mate Then: Definitely honest, good genes, intelligent, strong-willed. She must be humble and modest...

Author: By Emily T. Sabo, CONTRIBUTING WRITER | Title: This Used to be Their Playground | 3/17/2005 | See Source »

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