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...constitutional assembly, no matter how many people showed up--the system effectively throws everyone into a single pool. Those candidates who receive the most votes in the national tally will win seats. At the time it was adopted, a U.S. official says, the system was "the least worst option," in part because the process of determining provincial borders would have made it impossible to meet the Administration's goal of holding elections by the end of January. But the rules were made before it became apparent that voter participation in Sunni areas would be low. If more Sunnis cannot...
...private bonds to government paper-or to stay in the current system. He would pay for this by raising the cap on the Social Security payroll tax from $90,000 to $200,000, and by changing the benefits formula to reflect changes in consumer prices rather than wages, an option sanctioned by the Moynihan-Parsons Commission in 2002. Graham blanched when I called it a tax increase, so let's call it a shockingly supple revenue emolument. It is unlikely to attract support from the cowboy wing of the G.O.P...
That projected shortfall is not a new situation, or even the worst that Social Security has faced. The system came within days of insolvency in the early 1980s. And there's always the option of fixing it the way policymakers did then, by raising taxes or tinkering with benefits by, for example, raising the retirement age. It's not a permanent solution, but it could add many decades to the life of the program...
...Brazilians have the option of turning sugar into gasoline or selling it as sugar. With oil at an all-time high and sugar at 70% or 80 % below its all-time high, obviously the Brazilians are going to turn their sugar into gasoline. I had never thought about that before...
...private bonds to government paper--or to stay in the current system. He would pay for this by raising the cap on the Social Security payroll tax from $90,000 to $200,000, and by changing the benefits formula to reflect changes in consumer prices rather than wages, an option sanctioned by the Moynihan-Parsons Commission in 2002. Graham blanched when I called it a tax increase, so let's call it a shockingly supple revenue emolument. It is unlikely to attract support from the cowboy wing of the G.O.P...