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nytimes.com - 7/30/2008
Obama Returns to Economy as McCain Assails Foreign Tour
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Barack Obama signaled a shift in focus after his trip, but John McCain’s eyes remained fixed on national security, as he repeatedly attacked his rival. >

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The Corner on National Review Online:  The New Republic on Social Security

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The New Republic on Social Security
The Corner on National Review Online — ... is that imposing an extra 12.4 percent tax on all wages above $100,000 would solve about one quarter of the funding shortfall. Applying a fraction of that tax on a fraction of those wages would solve even less of it. Chait, meanwhile, faults the New York Times for reporting that it was not clear that investment accounts alone could address the financial shortfall that the retirement system could face in coming decades. Personal accounts, Chait writes, do not improve solvency at all . They make it worse. His concern is that money that could be used to pay for benefits is ...

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