In the lexicon of the political class, the word "sacrifice" means that the citizens are supposed to mail even more of their income to Washington so that the political class will not have to sacrifice the pleasure of spending it.
Speaking of tax fairness, it was Senator Kerry who voted to increase the income tax on senior citizens on Social Security, earning as little as $32,000 a year.
Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
Social Security makes up a much larger share of total retirement income for unmarried women and minorities than it does for married couples, unmarried men and whites.
That fallacy flies in the face of studies that show, every day, in every way, things are getting a little worse for America's minorities relative to the progress made by those in the top percentiles of assets and income.
A $1.7 billion average increase in electricity costs is estimated to result in a $1.3 billion decrease in personal income and a loss of 13,000 more jobs in the region.
Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life.
I would also certainly continue to keep loan repayment interest rates as low as possible. And I would spread the financial aid a little less thinly across all income brackets.
Economists report that a college education adds many thousands of dollars to a man's lifetime income - which he then spends sending his son to college.
