Saving Social Security with personal retirement accounts

Our featured video for the next day or so. Courtesy Dan Mitchell from the Cato Institute.

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Mitchell video: Saving Social Security with Personal Retirement Accounts

Our friend Dan Mitchell from the Cato Institute released a new video Jan. 10 on the third rail of politics, Social Security. People have been discussing the issue for years detailing how we absolutely will not be able to keep the current system running as is. If you think the $14 trillion-plus national debt is an issue, wait till you hear the total of unfunded liabilities for Social Security.

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Cato Institute and Andrew McCarthy on Monday’s show – Update: Podcast

UPDATE: Here’s a link to the Andrew McCarthy podcast. We talked with him about the Holder Justice Department’s approach to terrorist prosecution. It will anger you I am sure.

And here’s the link to the Cato Interview with Michael Cannon interview at Cato. Mike explains while yes, health care costs, your costs will go up, and access will be rationed.

Cato’s Michael Cannon and National Review’s Andrew McCarthy join us tomorrow.

9:35 AM: Michael Cannon- Cato Institute’s director of health policy studies. We’ll talk Health Care and debate the latest talking points (Cong. Courtney has them) on the Pelosi Health Care plan. And no, the Dem talking points are wrong and yes, Pelosi/Obamacare will cost more … see here. Once again we did the research and read the bill and once again it seems as if your local Congressperson’s staff did not. Shame.

10:05 AM: Andrew McCarthy joins us to talk about the White House’s stimulus “fuzzy math”, and a closer look at terrorist justice in the Obama Administration. You will be shocked.

Check out Mr McCarthy’s latest post here.

All Economists Agree? Not So Fast.

The President, as well as most Democrats and unfortunately some Republicans keep telling us the Government needs to spend big in order to save the economy. And they almost always add … all economists agree.

Well the folks at the Cato Institute had had enough and took out this ad … click on it to read the whole thing … so the next time one of your sheepish friends says  “all economists” … throw some names at him … Click to see it in full PDF.


Feel Like A Chump?

Tomorrow’s show will feature an interview with Richard W. Rahn is a senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth. If you are not familiar with the Cato Institute click here. It is a libertarian think tank. And for my money you rarely these days hear this much common sense on economic issues.

Here’s a piece of the Rahn column I read this morning.

It only gets worse. Congress now proposes a stimulus program, in addition to the already passed TARP program, which will cost the typical American family more than $20,000 (a small portion of which may be returned as tax credits). If Congress reduced your family’s tax burden by $20,000 this year, and let you spend the money, rather than Congress spending the money (after the government’s normal overhead and handling fee), would the American economy be worse off or better off?

Just remember, those members of Congress who vote to tax you and spend your money on “bailouts” and phony “stimulus” may be calling you a “chump” behind your back.

Yes … they probably are. Here’s a link to a “chump roundup” over at Instapundit. Please click and thanks.