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Wednesday, May 13, 2009

Social Security and Medicare are in financial difficulty, especially Medicare, which is now paying out more than it is taking in. The numbers are made worse by the recession, but a crisis is coming now matter how well or badly the economy performs. The demographic wave of Baby Boomers will swamp these programs, forcing some future administration and Congress to cut the benefits, raise taxes enormously, or some combination of both.

Benny Avni thinks the Obama Administration is following a dangerous path on the issue of nuclear weapons. Nuclear weapons...rogue regimes...terrorists...the Obamamaniacs think we can talk it through, after all, "I'm OK, you're OK".

The Chairman of the Journalism Department at Boston University's College of Communications has some thoughts on the future of newspapers. What future? The business model is broken. The old days are not coming back. News will now be consumed on the web. Right now, people are getting it mainly for free, so they are unwilling to pay for it. At some point, when most or all of the newspapers are gone, there won't be much worthwhile content available. If, at that point, there is a demand, then people WILL be willing to pay for it, lacking any other free options. Then, a new business model will take shape.

Jeff Jacoby thinks Colin Powell should follow Arlen Specter out the door. Based on most of the positions I think he has taken over the years, it does seem like he is more of a Democrat than a Republican.

Michael Gerson believes the GOP has a death wish.

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