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June 16, 2005

My national television debut

I was described as "articulate" in my national television debut, broadcast on PBS's Newshour with Jim Lehrer tonight. They filmed a segment at Columbia, about 3 hours of footage, and cut it down to a couple of minutes. The topic of discussion was whether the cap on social security earnings should be raised. Currently, one pays 12.4% of his earnings as tax on the first $90K he makes, with half being deducted from his paycheck and the other half a "stealth" tax paid by the employer. Democrats are proposing raising this cap to $150K or even eliminating it. The problems are many, and Newshour touches on some of them. Principally, tax-and-spend is not the way to repair a pyramid scheme gone berserk, and we ought not depend on the wealthy to finance our retirement.

Here is a video link and a transcript.

Posted by adrianjo at June 16, 2005 12:20 AM

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