Patrick Ruffini takes a breather from analyzing today's election in the UK and notes the state of the opposition to Social Security reform in "Pelosi vs. Reality."
The amount of payroll taxes taken in to fund Social Security's Disability Insurance (DI) program is set by law to be roughly equal to 1.8% of an individual's income. For clarity, this portion of Social Security is completely unaffected by the President's proposed reform of the program, which only affects the remaining portion of the taxes taken in by Social Security to fund Old Age and Survivor's Insurance (OASI) benefits. Just for the record, a brief overview of these taxes and their history is available here at Political Calculations(TM).
If only Representative Pelosi had been properly informed before issuing her statement. She could have spared herself and her party's members the resulting embarrassment and avoided whatever behind-the-scenes criticism of the effectiveness of her leadership may now be taking place.
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
This site is primarily powered by:
CSS Validation
RSS Site Feed
JavaScript
The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.
Other Cool Resources
Blog Roll
