by Dale Coberly FINANCING SOCIAL SECURITY A BOB BALL APPROACH Bob Ball proposed in 2007 (www.robertmball.org quoted in NASI “Fixing Social Security” Reno and Lavery, 2009, p 14) a “balancing rate increase.” This is the way his idea was described in the NASI publication: Acknowledging the uncertainty of 75 year projections, former Social Security Commissioner […]
For the last 79 years, Social Security has paid out every benefit owed to every eligible American, making it one of the most successful programs in American history. 67 percent of Americans are opposed to any cuts to Social Security.
Kenneth Thomas has covered how many state level deals to entice private companies are bad deals, including sports stadiums, as ‘job creators’ extol their own virtues. Run has covered the defunding of state unviversities and also the rise in tuition and student debt. Robert Waldmann writes about the constant ballance of reporting. Yves Smith has […]
Via Truthout comes this post on the US Post Office: The post office makes a profit — expected to be more than a billion dollars this year. Yet, the media keeps reporting that the USPS is losing billions of dollars each year. What they fail to mention is that those are phony paper losses manufactured […]
Is there more drought in store for California and the Southwest? The Kelvin Wave that preceded an El Nino has dissapated and the El Nino not not expected to develop. That’s because the largest surge of heat ever recorded moving west to east in the Pacific Ocean, often referred to as a Kelvin Wave, which was supposed […]
Taken from gated post from Vanguard Fund Adviser: Inversions Hurt Individual Investors, Too As U.S. corporations move offshore to potentially avoid billions in U.S. taxes, they are sticking their shareholders with an unexpected tax burden over which investors have no control. The Joint Commission on Taxation, a non-partisan congressional research panel, estimates that the U.S. […]
by Dale Coberly CRFB Analysis of the 2014 Trustees Report A reply by me a reply to me and agreement? The Committee for a Responsible Budget (CRFB) published what they called an analysis of the 2014 Trustees Report. I read it and was at first disappointed that it seemed to be the same old attack […]