Hands off Social Security and Medicare!

One of the astonishing things about the so-called ‘fiscal cliff’ negotiations is how many politicians and people in the media talk of raising the marginal income tax rates on the highest earners by a small amount as a quid pro quo for raising the retirement age for Social Security (currently 67 for those born in 1960 and later) and the eligibility age for Medicare (currently 65). They seem to treat those as if they were somehow equal-valued chips in a game. [Read more…]

Here it comes: the US Supreme Court takes up same-sex marriage cases

As expected the Supreme Court has decided to consider, but not necessarily decide, two of the ten cases dealing with same-sex marriage cases that had been submitted to it. These cases will likely receive the greatest interest, most anticipation, and thus the largest amount of unbridled pointless speculation during this term, similar to what accompanied the Affordable Care Act in the last term. Like the last time, the verdict may confound many observers because the court has many options, ranging from the very narrow to the very broad, from technical issues of standing to sweeping verdicts on the nature of marriage. [Read more…]