Last week, Reps. Tom Cole (R-OK) and John K. Delaney (D-MD) introduced a bill that would create a bicameral, bipartisan commission tasked with producing recommendations to improve the long-term solvency of Social Security.
General Wojciech Jaruzelski, the Polish leader who passed away on May 25, 2014, was a paradox, a man torn between two worlds. He was the brutal enforcer of a totalitarian system and yet, eventually, tacitly consented to that system’s demise. But as a pivotal player in and witness to one of the most successful democratic transitions of the last quarter century, he also had a unique and still relevant perspective.
The future of European expansion is in question and, although the Ukrainian crisis has refocused attention on U.S.-European security cooperation, the transatlantic relationship has increasingly been marked by disagreements, including over: surveillance, free trade, security spending and sanctioning Russia.
Developed countries like the United States are aging rapidly, and many face population stagnation or decline. This “demographic transition” leaves fewer workers to power the economy and pay into social programs, even as the number of elderly retirees increases. Immigrants make the U.S. population younger and sustain healthy population growth, giving the United States a demographic and economic advantage. Over the coming decades, the United States is projected to have faster population growth and slower aging than other developed countries. Without immigrants, the United States would lose this demographic edge. When immigrant contributions to population growth are removed, the U.S. population is projected to stop growing in the 2040s.
On June 2, the U.S. Environmental Protection Agency is expected to propose a new regulation aimed at reducing CO2 emissions from existing power plants under Section 111(d) of the Clean Air Act. In preparation, we compiled questions you ought to be looking for.
The personal saving rate has been declining in this country for many years. Although the saving rate has jumped around, the long-term trend is clearly downward. The reasons for this long-term decline are difficult to pinpoint but likely include stagnant real incomes for many workers, rising standards of living and higher consumption, and a weaker dollar than in the past.
This week, former Secretary of the Treasury Timothy Geithner released his memoir Stress Test: Reflections on Financial Crises. Below is an interview between Secretary Geithner and Ezra Klein of Vox.
In a full-page advertisement in The Wall Street Journal, more than 60 national defense leaders called for Congress to, “reform the way it oversees homeland security, saying that the current system jeopardizes national security and leaves the nation vulnerable to cyber-attacks, bioterrorism, and other threats.”
Last Thursday, U.S. Citizenship and Immigration Services (USCIS) released updated data on the Deferred Action for Childhood Arrivals (DACA) program. According to the new data, USCIS has approved over 550,000 applications, representing 86 percent of applications accepted for review. Based on estimates of the eligible population, this accounts for more than half of DACA-eligible unauthorized immigrants.
The New American System
By Jim Manzi, National Affairs
“There is much talk in Washington now about the need for a new era of American innovation to help us break out of an economic rut. But there is far less understanding of the ways in which these cycles of innovation and stagnation have worked, and so of what might be required to revive our economic prospects. By seeing how we've managed, time and again, to remake America into an engine of innovation and prosperity, we can better understand the nature of the challenge we now face, the character of the opportunities we may have for addressing it, and the kinds of responses that are most likely to work.”