Word: socialism
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Dates: during 1980-1989
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This term is objectionable for both linguistic and social reasons. The phrase is only definable in opposition to another term, "white." It presupposes the existence of a monolithic white group and then defines everyone who does not fall into this category as people of color...
Boskin helped inspire Bush's idea of a "flexibile freeze" in government spending to wipe out budget deficits now running at $155 billion a year. An authority on the Social Security system, Boskin argued in a recent book titled "Too Many Promises" that the program should be overhauled to separate its welfare and pension functions...
Currently there is a sharp tilt to Social Security benefits, with lower-income workers getting a far heftier return on their payroll taxes than middle-and upper-income workers...
Second, raise my mother's taxes. My dad paid into Social Security for decades while he was alive, but nowhere near enough, even assuming it had been invested wisely, to throw off the kind of Social Security benefits my mother will receive over her lifetime. (We forget that as recently as 1977 the maximum contribution was only about $1,000 a year. Throughout the 1950s and '60s, it ranged from $45 to $374.) If Social Security were all she had to live on, it would be unthinkable to ask her to take less. But because she has income above...
...retired chain smoker driving 1,000 miles a month and earning $100,000 a year from investments plus another $6,000 from Social Security, all four of these tax hikes would hit. Total: an extra $1,800 ($1,300 filing jointly). But look how much better he'd sleep knowing the economy was headed for solid ground, his investments were likely to gain, and his grandkids likely to inherit a prosperous economy rather than decay, debt and decline...