Hennessy's View

Domine, non sum dignus

Kudos to President Obama For Touching the Third Rail

President Obama submitted a budget wildly out of balance that increases taxes across the board. But he also stuck his tongue on the infamous ‘third rail’ of American politics by proposing chained CPI for calculating Social Security cost of living increases. Bravo. We’ve Been Asking For This Economic conservatives have pointed out for years that America’s entitlement programs are bankrupting the country.** The $100 trillion in unfunded liabilities can’t go on**. Read more →