Word: rising
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...issue: Obama's proposal to increase the taxes that wealthier Americans pay into the system. Currently, workers are taxed on only the first $97,500 of what they earn, a limit that will rise to $102,000 next year. Getting rid of the income cap, he says, would be enough to "virtually eliminate" the funding shortfall and guarantee the solvency of the system without cutting benefits. John Edwards would also increase the taxes but only on income over $200,000. And Clinton--well, she refuses to be pinned down on what, if anything, she would do with Social Security. Instead...
...question mark is OPEC, which represents the oil powers of the Middle East and a few other big exporters and currently accounts for 41% of world oil production. Every optimistic scenario assumes that this share will rise dramatically in the coming decades. That is, if things turn out well, the U.S. will become substantially more dependent on Saudi Arabia and its neighbors. Great...
...OPEC's members are not able to boost production in coming years, though, it will be impossible to keep blaming the traders as prices rise. What happens then? "If we had better data, we could hold a global summit and say, 'Gentlemen, it's nobody's fault, but we've peaked,'" says Simmons. "We've got to embrace some conservation practices that are draconian, or we will be at war with each other...
...proud, loyal Democrat who is opposed to the candidacy of Senator Hillary Clinton for President [Nov. 19]. I have no problem with her positions on the issues or her little sashay to the right in anticipation of the general election. And my opposition certainly does not rise to the level of hatred. But the voters (with a little help from the Supreme Court) have already passed the presidency from a Bush to a Clinton to another Bush. Now it could be passed back to another Clinton, and I'd bet that Jeb Bush is patiently awaiting his turn...
...proposals target not only the biggest, but also the smallest: the amount of land a farmer has to own to be eligible for aid would rise. At the moment that stands at 0.3 hectares, less than the size of a football field, and the Commission says the administrative cost of dealing with such postage-stamp holdings is often more than the subsidy itself...