Jagadeesh Gokhale

The Latest

Borrowed Prosperity

The claim by James Surowiecki in his recent Financial Page column in The New Yorker that Social Security and Medicare were “designed to be self supporting” overstates the intent (and ability) of their designers. (See “In Funds ...

Same As It Ever Was

Well, the speech did not change my mind. The same “plan” that the CBO scored earlier at $0.9 trillion over 10 years was trotted out.  The “health care/Medicare advisory panel” ...

A Pointless Lament About COLA

Social Security benefits are determined at the time when workers first apply for those benefits (they must be age 62 or older). Once benefits are determined, they are automatically increased every ...
Politics & Policy

No Hope, No Change

In his bid for the Democratic presidential nomination, Sen. Barack Obama appeals strongly to young people. His message to college students and graduates has been one of “hope” and “change,” ...