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

Debt Limit Bill and Social Security Benefit Cuts

(cross posted at SocialSecurityDefender.blogspot.com) Well the first line of attack is opening up. Lindsay Graham is threatening to hold up the Debt Limit Increase Bill, and so potentially throw this whole country and perhaps the world into default unless he gets cuts to Social Security. This is insane on several levels, not least because the […]

Launching the Nine-ther Movement

by Bruce Webb Conservatives have long been 2nd Amendment Absolutists (unless you are a black man carrying a stick outside a mostly black precinct in Philadelphia, somehow ‘open carry’ doesn’t apply there). Now they have doubled down with the Tenther Movement, which they have tied together with an Enumerated Powers doctrine which mostly doesn’t actually […]

MLR Provisions Kick in Today

From Open Congress Nov 15, 2009 The Most Important Health Care Reform Provision You’ve Never Heard Of For months, Bruce Webb has been tracking a provision in the House’s health care bills that has flown mostly under the radar. He calls it the “most important and most overlooked” aspect of the bills, and he may […]

The Myth-ing Logic of Phony IOUs in the Soc Sec Trust Funds

by Bruce Webb There has been a recent mini-surge of op-eds claiming that the ‘assets’ of the Trust Funds, all $2.6 trillion, are simply mythical. The most recent Scrooge to argue this line may have been Thomas McClanahan of the KC Star in this piece from Christmas: More mythbusting on Social Security ‘money’” in which […]

Keynes and Picasso: Stimulative Conspicuous Consumption?

by Bruce Webb Digby points us to the following NYT piece: At $106.5 Million, a Picasso Sets an Auction Record with what is in one sense an understandable bitter comment “Hey, dead artists need work too.” And as a comment on the odd priorities of our plutocracy a reasonable moral judgement, but as an economic […]

What IS the Social Security Crisis?

Well the answer is in the above figure, or actually answers because the post title actually hides multiple questions depending on your view of Social Security generally. This is going to get kind of long so I will take it below the fold right away. There are actually three lines represented in the figure: scheduled […]

The Strengthen SS Coalition shows ‘Reform’ in One Graph (h/t Ezra)

by Bruce Webb Strengthen Social Security a coalition of progressive organizations determined to protect and strengthen Social Security, coordinated and hosted by Social Security Works (or maybe by now SSW is hosted by SSSC) produced the above graph. I didn’t see it on their website and so grabbed it from Ezra Klein’s post (which does […]