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Month: October 2011

The Half-Life of the Welfare State

Originally Published in Flourishing August/September 2011 Social Security is projected to exhaust its trust fund in 2036. Medicare will be out of cash in 2024. Technically speaking. In reality, both systems are already in the red, because there are no actual assets in those trust funds; only government IOU’s. As Social Security and Medicare begin to pay out more than they take in from payroll taxes, they’ll scarf up virtually the entire federal budget and guarantee a steady increase in our already dangerous national debt. Add to that the current… Read more The Half-Life of the Welfare State

Adolph and Me

Originally Published in Flourishing August/September 2011 About a year ago, I wrote an article for this newsletter about the 45th reunion of my high school graduating class.  In that article I mentioned that, during my high school days, I’d worked for A. A. (Adolph) Reisig,  “…but that’s a story for another day.”  Well, that day has finally arrived. I don’t know what made me think of Adolph again just now, any more than I can excuse the fact that I haven’t seen him since 1996, when we were both in… Read more Adolph and Me