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The Road Ahead: Entitlements

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Business Gears Up for 401(k) Warfare

September 11, 2008

Congress is on a collision course with the 401(k) industry.
Democrats are expected to push for new federal disclosure requirements about the costs of individual 401(k) retirement plans; Republicans and the industry will fight back, arguing that those requirements create undue burdens for business and overwhelm plan holders with information.

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Medicare Reform: a Tough Sell

September 11, 2008

In the fast-approaching 111th Congress, lobbyists and policy advocates are expecting to wade into the politically choppy waters of entitlement programs. And with health care reform possibly at the top of next year’s agenda, debates surrounding the future of Medicare and Medicaid could well take center stage.

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Cooper Sounds the Cry of Alarm: Is Anybody Listening?

September 11, 2008

Rep. Jim Cooper (D-Tenn.) likens himself to a modern day Paul Revere, sending out a warning to lawmakers and anyone who will listen to his call that the nation’s finances are in distress and desperately need fixing.

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Obama Proposes Payroll Tax on Those Making Over $250K

September 11, 2008

Social Security is personal to Democratic presidential nominee Barack Obama. The Illinois Senator is quick to tell people that his grandparents played a large part in his upbringing and that they depended on their Social Security paychecks to survive.

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Though Paid Social Security, McCain Not a Force on the Issue

September 11, 2008

As a man who celebrated his 72nd birthday last month, GOP presidential nominee John McCain could speak about retirement-related issues with personal authority. After all, according to a report by the Associated Press, the Arizona Senator receives about $1,930 in Social Security payments each month.