My Kind of Woman - ?
I wonder. What if Terri were, say, the daughter of Barbara Streisand? Judy Woodruff? or John Kerry? Is there any doubt how vastly different an otherwise identical case would be covered or perceived?
Under [this program], 10th-, 11th- and 12th-graders ... will take the placement test that ... area community colleges give to entering freshmen. That sensible option will tell high school kids exactly what they already know (and need to learn) to be ready for college.
If a freshman at a Minnesota college - public or private - holding a Minnesota high school diploma is found to need remedial course work, the college bills the entire cost of those classes to the school - public or private - that issued that fraudulent diploma.
If you're going to figure out whether (and how) you want to change Social Security, it might be useful to start by understanding what it is now.
Is it an investment program, an insurance policy, a welfare program, a government pension or, as some critics assert, a giant Ponzi scheme?
Is it an investment? No.
Your payroll taxes aren't saved to pay your benefits later.
Is it insurance? Partly.
One-third of Social Security checks -- the disability and survivor benefits -- closely resemble insurance. But the biggest and best-known portion of Social Security -- the retirement benefits -- fits the insurance metaphor awkwardly.
Is it welfare? Barely.
If Social Security did pay benefits only to seniors who would be poor without them, it would be a lot less expensive, but its political status would change from that of a "middle-class entitlement" to that of a welfare program.
Welfare programs redistribute money from the upper and middle classes to the poor. Social Security redistributes funds from workers to retirees, but many of those who pay FICA taxes are poorer than many of those who receive benefits.
Is it a pension? Pretty close.
In terms of how it fits into the life cycle of a typical American, the pension metaphor may be the strongest.
A typical pension, the old-fashioned "defined benefit" kind that was more common in the days before 401(k)s, provides a stream of monthly income when you retire.
The amount is based on how long you worked for the company and how much you made, but is not related to investment performance.
Is it a Ponzi scheme? No, but those who choose to embrace that rather alarming metaphor can point to two similarities.
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Like Ponzi, Social Security doesn't invest the money it takes in; it passes along new contributions to those who paid in earlier. Like Ponzi, Social Security works best when the group paying in is larger than those getting benefits.
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But the government has options for keeping Social Security going that Ponzi lacked. Social Security can remain solvent by raising taxes, cutting future benefits or possibly by capturing investment-type returns.
And, they argue, since most payroll tax collections are already spoken for, you can't divert them into investment accounts unless you come up with trillions of dollars to maintain benefits to current retirees. If you take the cost of borrowing those trillions into account, the transition to a new system becomes less attractive, even if you score it as an investment.
There's a colossal side debate about whether the Social Security Trust Fund contains real assets (what could be a safer investment than a U.S. bond?) or is a giant scam (because you can't save for the future by lending money to yourself and spending it).