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November 28, 2007

Still Going: Marcus v. Krugman
By James Hamilton

Still going...and going.

Well, they're still at it. Washington Post columnist Ruth Marcus and New York Times columnist Paul Krugman continue slugging it out to determine if Social Security really faces a crisis. Marcus's column today is her latest attempt to rein in the Time's economic wizard.Reason trumps rhetoric this time.

To his credit (wow, it hurts to type those words), Krugman has many verbose fans in the blogosphere. Yet, their passion does not persuade. 

Kudos to Ruth Marcus.

November 21, 2007

Krugman vs. Krugman - Part II
By James Hamilton

All the liberal blogs are full of piss and vinegar today as they try to respond to Ruth Marcus's stellar op-ed in today's Washington Post. Guess they're having a hard time reconciling all the venom they've been spouting with the truth. Go figure.

Krugman vs. Krugman
By James Hamilton

Credit Washington Post columnist Ruth Marcus with taking on Paul Krugman's contradictions and inconsistencies. In her column today, Marcus holds nothing back. It almost brought tears of joy to my eyes. Krugman has trampled on logic - that of reasonable thinkers as well as his own - for years. Kudos to Marcus!

November 07, 2007

FOG on the Radio in Minnesota
By Lea Abdnor

I just got off the phone with Mary Koep, talk radio host at WWWI in Brainerd, Minnesota.  This delightful lady spent an hour asking questions about our entitlements systems and in particular, Social Security.   It was clear to me that people feel frustrated and confused about entitlements. 

There have been and continue to be so many misleading statements by politicians and others.   The radio host led her listeners through a number of probing questions that undoubtedly helped clear up many of the misunderstandings.   We talked about the wonderful work Minnesota's Twin Cities Public Television has done in creating Your Child's Inheritance: Debt and I gave a passionate appeal for the listeners in centeral Minnesota to show up at the town hall meetings of their elected officials and demand that they do somethong -- for the sake of our kids and grandkids!

November 05, 2007

A Parable
By James Hamilton

The Creator was tired. After spending days and days making all the animals and plants, a rest was in order. One more animal needed to be created, so a bipartisan committee of angels and demons was called in to do the job. The Creator smiled, packed the golf clubs, and beat a hasty exit.

The two co-chairs called the meeting to order and, after the requisite speeches from each member, the meeting began in earnest. The angels were adamant that the creature should be soft and loveable. The demons wanted it to have a stinger to inject venom. Further, the angels demanded that it be able to lay eggs - the symbol of fertility and life - while the demons threatened to withhold support unless the animal was a marsupial. They loved marsupials.

They committee voted and sent their plans to the Creator. The Creator shook with laughter but wanted to humor the committee. So the Creator took clay and water, shaped them into a form, and breathed life into a...

Duck-billed platypus.

And then both sides complained that the other had dominated the committee meeting and ruined the final product.

Today, as presidential candidates and members of Congress lament or ignore the condition of Social Security, Medicare and other such programs, we're likely to hear a lot about "getting to the bargaining table" or "everything's on the table - except…."

The table, like the platypus, is a metaphor but it’s a critically important one. And when today's incarnations of angels and demons speak volubly about what should or should not be on the table or even what shape the table should be, we need to call them to account.

It's time every option is on the table. Liberals and conservatives alike are guilty of slowing the issue to a crawl because one thing or another is sacred or anathema to them. Let's put every single option on the table and discuss the merits of each. Then - and only then - can we have the debate necessary to save the programs for future generations while restoring confidence in the political system as a whole.

The end result likely will resemble a platypus. And that's okay. They're cute, cuddly, and pack a mean wallop. Something to make every legislator proud.