Regulations won’t advance U.S. recovery

Freedom New Mexico Federal Reserve Board chairman Ben Bernanke, in a speech to the American Economic Association on Sunday, has acted as you might expect a custodian of the institution he heads to act — defensively. He downplayed the role the Fed’s loose monetary policy from late 2001 through much of 2005 played in creating […]

Military Update: Disabled retiree money lacking

By Tom Philpott Active duty and reserve component members are closer to landing a 3.4 percent basic pay raise next January, which would be the 11th consecutive annual increase set higher than private sector wage growth. But in approving a $550.4 billion fiscal 2010 defense authorization bill and $130 billion for wartime operations last week, […]

Military deserving of better return

By Tom Philpott Reserve and National Guard members today deserve a better “return on investment” for their frequent deployments and long family separations. And that should include improved health benefits and two ways to retire earlier than age 60, said Lt. Gen. Jack C. Stultz, chief of Army Reserve. In an interview in his Pentagon […]

Money agency decisions aren’t governments

Freedom New Mexico The Obama administration and the Federal Reserve Board have begun a full-court press to get Congress to expand the federal government’s power to be able to seize nonbank financial institutions — insurance companies, hedge funds, investment banks, private equity firms — that run into trouble. This is such a bad idea it’s […]

Officials: Better retirement deserved

By Tom Philpott Reserve and National Guard members deserve a better retirement plan, one that pays an annuity earlier than age 60 at least for those willing to serve longer than 20 years. That’s what Reserve leaders have told Congress.Reservists might deserve extended health care coverage too, also in recognition of their full operational role […]

Retiree mortality rate needs study

By Tom Philpott: CNJ columnist Department of Defense actuaries have discovered significantly higher mortality rates among active duty retirees compared to reserve retirees, and the disparity stretches back decades. In any given year, looking at populations of non-disabled military retirees age 60 and older, the death rate for active duty enlisted retirees is 20 to […]

Tapping reserve wrong approach to oil conflict

Freedom New Mexico L iberals in Congress have gone out of their

Bush expected to sign new GI bill

By Tom Philpott: CNJ columnist With Congress adding a $1 billion-a-year transferability feature, President Bush has dropped his opposition to the extraordinary Webb GI Bill initiative and is prepared to sign it into law as early as this month. Known also as the Post-9/11 Veterans Educational Assistance Act of 2008, the new GI Bill will […]

Legal ads best left untouched by government

Freedom New Mexico Perhaps local newspapers and local governments should come to an agreement in which each party says to the other: We reserve the right to take issue with how you do your job, but we’ll stop short of actually trying to do your job. This proposition comes to mind because of efforts across […]

Improved health benefits on way

By Tom Philpott: CNJ Columnist Active duty and reserve component members can bank on a 3.9 percent pay raise next January as Congress continues to close a perceived military “pay gap” that a Pentagon pay study says no longer exists. The House Armed Services Committee on May 14 joined Senate colleagues in approving, for a […]