Simon Wren-Lewis takes a look back to the 60s and 70s…”The reason I write about this now is that I’m in the process of finishing a paper on the knowledge transmission mechanism and the 2010 switch to austerity, and I wanted to look back at previous macroeconomic crises.” Robert Waldmann is part of this post. The […]
Update: some guy named Krugman suggests that I am not totally off base here. The Disappearing Entitlements Crisis I hear he has an audience. Update two: Social; Security Defender Archive docs and spreadsheets Update(From main Angry Bear page you may need to click ‘Read More’ to see Charts) http://www.socialsecurity.gov/history/pdf/tr09summary.pdf http://www.ssa.gov/OACT/TRSUM/ http://www.ssa.gov/OACT/TRSUM/ 2009: Medicare Unsustainable. From […]
Table IV.B5.—Components of Summarized Income Rates and Cost Rates,Calendar Years 2015-89[As a percentage of taxable payroll]Lots of numbers here but the only ones want to focus on are those in the last column, those which show actuarial balances for each of the OAS and DI Trust Funds for for the next 25, 50 and 75 […]
Hmmm. I think I’ll just let people have fun figuring out what this all means. Hover over the image or double click and you should get legible version. Hint the meanings of ‘past’ ‘current’ and so ‘future participants’ might not mean exactly what they seem at first encounter. You can scroll to the text from […]
Well one answer it line I in the above figure from the 2015 Social Security Report. Figure II.D7.—Long-Range OASI and DI Combined Trust Fund Ratios Under Alternative Scenarios [Asset reserves as a percentage of annual cost] Under the definitions used by the Social Security Actuary and Trustees the program is ‘Solvent’ over the short term […]
At 1:30 EDT the Trustees of Social Security will hold a media availability at which they will release the 2015 Social Security and Medicare Reports. If past practice holds the Reports will be released on line at or before that time in both a web (HTML) format and in PDF. Assuming past file name conventions […]
A year ago I noticed my property owners insurance has been rather high. I say property because some is home, some is business. So, being that have been using accounting software since 1991, I went back a few years to see how much. In 2003 the house was $454/year. This year it will be $1543. […]
Very interesting paper that I missed in real time. Social Security: What Would Happen If the Trust Funds Ran Out? Almost everyone who addresses this question assumes that the answer is pretty simple: if either of the Social Security Trust Funds goes to zero than benefits will automatically drop from ‘Scheduled’ to ‘Payable’ which translates […]