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

Social Security Trustees Update 2020 Report To Include Effects of Covid Recession

Reader and poster Dale Coberly updating Angry Bear readers on recent Social Security findings in the 2020 report. Reader Bruce Krasting had alerted Angry Bear to the publication by the Social Security Trustees of a “revised baseline” that includes effects of the Covid recession on their projections otherwise from the 2020 Trustees Report. “Updated Baseline […]

There Will Be No Postponing Social Security Taxes

There Will Be No Postponing Social Security Taxes  Among the items that President Trump issued an “executive action” about three weeks ago was that for people earning less than around $104.000 per year, their fica taxes were to be postponed until Jan. 1, not cut, merely postponed, although Trump made noises that if he is […]

CORONA VIRUS AND SOCIAL SECURITY, ANOTHER GRAND BARGAIN?

by Dale Coberly; CORONA VIRUS AND SOCIAL SECURITY, ANOTHER GRAND BARGAIN? Republicans are showing what they are made of. After claiming that the Corona Virus was not serious, or was well contained, or was Democrat fake news; they are now admitting it is serious and calling it a Chinese virus. Fox News explained to a reporter […]

CRS: Social Security: What Would Happen If the Trust Funds Ran Out?

(Dan here…reposted due to discussion in a previous thread) CRS: Social Security: What Would Happen If the Trust Funds Ran Out? Bruce Webb | July 21, 2015 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 […]

Destroying Social Security to Save It

Connecticut Representative John Larson Proposes Plan To Destroy Social Security In Order To Save It, by Dale Coberly Connecticut Congressman John Larson introduces H. R. 860, Social Security 2100 Act which will cuts taxes, strengthen benefits, prevents anyone from retiring into poverty, and ensure Social Security remains strong for generations. larson.house.gov It sounds good, but […]

SOCIAL SECURITY, a little bad news (sorta) and a little good news (sorta)

by Dale Coberly The bad news is that we have slipped past the day when we could have saved Social Security from ever reporting “short term actuarial insolvency” by raising the payroll tax one tenth of one percent per year (about a dollar per week). This is only sorta bad because it doesn’t really matter […]