by Bruce Webb This figure shows graphically the outcomes for the OAS (black line) and DI (gray line) under the three alternative scenarios Low Cost (I), Intermediate Cost (II), and High Cost (III) in the 2008 Report. Almost universally reporting on Social Security revolves around Intermediate Cost and if we examine its lines we see […]
by Bruce Webb A quick hit for Super Bowl Sunday. Certain opponents of Social Security claim their goal is ‘sustainable solvency’ which is in practice defined as reducing the flow of funds from the General Fund to Social Security over the long term. In a previous post I pointed out that straight benefit cuts do […]
by Bruce Webb Would that have been a fair headline for the following story: Richard Shelby Puts Hold On President Obama’s Nomineesl? Because the facts are pretty clear, Shelby placed these holds mainly because of concerns over as Politico delicately puts it “Pentagon’s bidding process for air-to-air refueling tankers”. We can put that a little […]
by Bruce Webb Well it looks like we are going to get a Deficit Commission and one way or another Social Security will be on the table. But what exactly does that mean for either Social Security or the total deficit picture? Before answering that lets review a couple of basics. In talking deficit reduction […]
by Bruce Webb The following is the opening of a proposed post by financial blogger Bruce Krasting. SSTF – My Numbers (by Bruce Krasting) A week ago I attempted to get a consensus estimate on some of the critical variables of the SSTF puzzle from the readers and contributors at Angry Bear. I started that […]
by Bruce Webb Geekery below the fold. Steve Jobs was a little hyperbolic in his language yesterday which led some people to laugh. Well there are reasons he is a self-made billionaire and you are not. The key to understanding why the iPad and similar devices can change the world it to understand that it […]
by Bruce Webb I’m serious. But out of mercy towards those who want to reach for sharp objects every time they see a Mac/PC ad, whether that be to hurt themselves or others, I’ll take this below the fold. Because you don’t HAVE to slow down to see that car crash. For those living in […]
by Bruce Webb(Update-something in this doesn’t look quite right. The over all argument is right but something is amiss down in the post. Bonus points if you find it before I do.)(Update 2-found it. I think, see strike out and addition below. But there are a lot of numbers in play here.) Blogger/Reader BK: I […]
by Bruce Webb I don’t visit the web-site EconomistMom much because Diane has hinted a while back that I was being rude, and like a good party guest does, took the hint and left. But my eye was caught by the caption and the very nice illustration to this post Yes Deficit Hawks Can Have […]
Lewis Carroll subtitled the ‘Hunting of the Snark’ ‘an Agony in Eight Fits’. Those of you who want equivalent nonsense feel free to follow the link. Krasting at Zero Hedge: Taking it Personal otherwise:They hunted till darkness came on, but they found Not a button, or feather, or mark, By which they could tell that […]