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Social Security’s finances can be fixed through faster economic growth, says Donald Trump. Bing bing, bong bong bong, bing bing. No need for higher taxes or benefit cuts to assure solvency. As it currently projects out, by the way, Social Security will no longer be able to pay full benefits in less than 20 years. But does Trump’s math work?
In my latest The Week column, I explore the amazing ascent of Donald Trump. He’s now got a 43% chance to be the GOP nominee vs. 28% for runner-up Marco Rubio, according to betting markets. But rather than, perhaps, explain the Trump phenomenon as a product of deep societal trends or lucky breaks, I looked at the billionaire businessman as a calculating supersalesman of sorts: […]
The GOP has “four faces” or camps, according to Henry Olsen: moderate or liberal voters; somewhat conservative voters; very conservative, evangelical voters; and very conservative, secular voters. And the GOP candidates for 2016 will have to navigate those groups if they want to be the nominee. … Another way to look at the White House race is think about which flavor of Reagan is most appealing to those four groups.
From my new column in the Financial Times: “The Republican Party’s raison d’être is cutting taxes. It may even be its divine commission. … Supply-side economics, primarily tax cuts but also deregulation and tight monetary policy, has driven Republican economics for decades, to great electoral success. But there are good reasons to view the next election as a last hurrah for Republican-style supply-side policy.”