Relevant and even prescient commentary on news, politics and the economy.

Tea Party Seizes House Financial Reins: and so Reigns

Quick take on how things are shaking out in House Leadership including Committees: Paul Ryan: from Budget to Ways and Means Tom Price: to Budget Jeb Hensarling: to Financial Services Hal Rogers: maintains House Appropriations Let’s just say that none of those guys seems like champions of the New Deal or likely members of any […]

Waiting on the Social Security Trustees Report: April 1 and Counting

When I was a newbie Social Security commenter and then blogger back in the 1999-2004 era there was a day I only half faceticiously called “The Bestest Day of the Year at Webb House!”. Yes it was Social Security Report Release Day which came out like literal clockwork on March 31st, so much so that […]

Social Security: Cost, Solvency, Debt and TF Ratio

The Table above is extracted from Table VI.F9 in the 2013 Annual Report of Social Security. It is radically simplified because I want to make a very simple set of points, ones that have little or nothing to do with the proper policy approach to Social Security or to the adequacy of the model that […]

Social Security: 2 Programs, 3 Projections, 3 Actuarial Periods

(Update: the numbers in the above Table represent the present payroll gap. That is an immediate increase in FICA equalling any negative number would fund its respective program over that given period under that set of assumptions). (Update 2…a quirk in the comment section preventing viewing the chart on landing page is fixed…Dan) The standard […]

Prisoner Exchange vs Negotiating with Terrorists

Predictably some elements of the Obama Opposition (because that is really the best description of them at this point) are up in arms at the exchange of Sgt. Bergdahl for Gitmo Detainees on the grounds that “We don’t negotiate with terrorists”. Well you know who DOES negotiate DIRECTLY with groups that actively commit periodic violent […]

Northwest Plan 2013 – Extracts by Webb

Click to embiggen. And then do some magnifying. Because even a selected file covering the whole 75 year projection period yields small type. Anyway this is my first take from Dale Coberly’s numbers for 2013 Northwest Plan with three calculated columns added by me. Those are the three with “Cost-Non Interest Income” as part or […]

Northwest Plan 2012 – Numbers by Request of Commenter BK

I am just beginning an attempt to tranform the Northwest Plan for a Real Social Security Fix into a series of Tables and Figures (and original spreadsheets) that people can review at length. But since the authors were effectively accused of not really having numbers at all here is an advanced peek at some of […]

Is the Right to Carry and Bear Arms Absolute? Or Situational? Or Depending on the Arms Bearer?

I am probably not the only one to suspect that no matter how Second Amendment Friendly your local white-owned Southern retail establishment might be, there might be a little frisson (a Cheese Eating Surrender Monkey word) of fear when this group of “responsible gun owning” citizens simply exercising their Second Amendment Rights to open carry […]

Social Security under ‘Sustainable Solvency’: Debt & Deficit Revisited

The current Chief Actuary of Social Security is Stephen Goss and on the occasion of the publication of the 75th Anniversary issue of the Social Security Bulletin he contributed what may be the most valuable single piece you will ever read on Social Security financials. The article carried the title The Future Financial Status of […]